5 days ago
Market Ends In The Red Territory Despite TNB, Nestle Buck Trend
The stock market closed lower on Aug 7 as broad-based selling weighed on sentiment, with decliners (517) outpacing gainers (424), while 539 counters were unchanged, 1,025 untraded and nine suspended.
Market activity slowed, with turnover narrowing to 2.21 billion shares worth RM2.35 billion compared to 2.51 billion units worth RM2.38 billion on Aug 6.
Among the top losers, Fraser & Neave Holdings Bhd slipped 40 sen to RM28.20, while Carlsberg Brewery Malaysia Bhd lost 38 sen to close at RM17.30. Other laggards include Heineken Malaysia Bhd, which fell 28 sen to RM23.22, Panasonic Manufacturing Malaysia Bhd, which eased 22 sen to RM10.18, and Malaysian Pacific Industries Bhd, which declined by 20 sen to RM20.30.
On the gaining side, Tenaga Nasional Bhd (TNB) led with a 58 sen rise to RM13.76 on strong volume, followed by Nestle (M) Bhd, up 36 sen to RM89.80, PPB Group BHd, which gained 32 sen to RM9.30. Other notable gainers for the trading session include Ajiya Bhd, which grew 15 sen to RM2.09, and Eurospan Holdings Bhd, which surged 12 sen to RM2.90.
The cautious sentiment reflects ongoing market uncertainty, with investors largely on the sidelines ahead of key regional economic data releases.
