7 days ago
Market Remains In Negative Territory As Decliners Outpace Gainers
The stock market continues to close in the negative territory for another session, weighed down by persistent selling pressure and cautious sentiment across the broader market.
Decliners continued to dominate, with 601 counters falling compared to 412 gainers, while 498 stocks ended unchanged. A total of 918 counters were untraded and eight were suspended.
Despite the bearish tone, trading activity picked up, with turnover rising to 3.07 billion shares worth RM2.36 billion from 2.93 billion shares valued at RM1.67 billion on July 14.
Heineken Malaysia Bhd led the top losers, retreating 40 sen to RM24.50 on active selling. Malaysian Pacific Industries Bhd dropped 38 sen to RM20.40, while Fraser & Neave Holdings Bhd slid 28 sen to RM28.70. Other heavyweights under pressure included Hong Leong Bank Bhd, down 26 sen to RM19.30, and Nestlé (M) Bhd, which eased 24 sen to RM76.50.
On the upside, gains were limited, with Riverview Rubber Estates Bhd emerged as the top gainer, rising 15 sen to RM3. Master-Pack Group Bhd added 12 sen to RM3.15, while United Plantations Bhd edged up eight sen to RM21.70 on strong interest with 1.73 million shares traded. KPS Consortium Bhd and KKB Engineering Bhd (KKB) also saw modest gains of 7.5 sen and seven sen, respectively, to close the trading session at 56.5 sen and RM1.34.
Despite the increase in trading volume, sentiment remained broadly subdued, as investors continued to adopt a wait-and-see approach amid a lack of fresh catalysts and external uncertainties. Related
