Overall market breadth was negative with losers outpacking gainers 664 to 371. ― Picture by Hari Anggara
The index opened 2.95 points weaker at 1,485.19 and moved between 1,476.28 and 1,494.97 throughout the trading session. MIDF Research today said the country’s exports were expected to improve gradually in the upcoming months as key countries slowly reopen.Malaysia’s exports dived 25.5 per cent year-on-year in May 2020, the hardest fall since May 2009, suggesting a prolonged impact of the pandemic on export-reliant economies.
“Nevertheless, as imports fell harder than exports, trade balance shifted to a surplus of RM10.4 billion, in line with our expectation,” said MIDF Research. Of the most actives, AT Systematization went up three sen to 14 sen, VSolar rose 1.5 sen to seven sen, AT Systematization’s warrant advanced half-a-sen to six sen, MQ Technology was two sen higher at 6.5 sen, while Anzo Holdings declined three sen to 14.5 sen.
Sector-wise, the Industrial Products and Services Index edged up 1.74 points to 132.56, the Financial Services Index declined 120.99 points to 12,701.76 while the Plantation Index rose 66.75 points to 6,726.34.