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aws试用账号(www.2km.me)_Bursa stays flattish amid weak regional sentiment

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KUALA LUMPUR: Malaysian stocks started the day on a flat note amid heightened cautiousness as fears over the spread of the Omicron variant of Covid-19 dragged on world markets. At 9.05am, the FBM KLCI was down 1.4 points to 1,492.5.Global equities are on the backfoot with governments around the world implementing stricter restrictions amid the rapid spread of the Omicron virus.While expert data has suggested the virus was not as deadly as the Delta variant, efforts to curb the spread of the disease ahead of the winter season is seeing European countries return to lockdowns, triggering fears of disruption to the economic recovery.The Malaysian benchmark index lost 8.11 points or 0.5% yesterday as the previous week's rebound lost steam and the index returned below the 1,500 psychological level.According to Malacca Securities Research, the decline could continue in the day ahead given the weak performance of US stocks overnight, which saw the Dow Jones falling 1.2%."Given the resurfacing of Omicron fears, we expect trader to participate in the healthcare sector at least for the near term."Meanwhile, bargain-hunting activities may emerge and pick up heavyweights towards the year-end," it added in a report.Meanwhile, the brokerage also expects mild window-dressing activities towards the year end.On the blue chip index, Petronas counter retreated amid a dip in crude oil prices. Petronas Chemicals fell two sen to RM8.76, Petronas Gas shed six sen to RM17.06 and Petronas Dagangan was unchanged at RM19.80.Bak stocks were slightly higher with Maybank rising three sen to RM8.14, Public Bank gaining one sen to RM4.08, CIMB unchanged at RM5.29 and Hong Leong Bank untraded. On the broader market top actives were Swift up two sen to RM1..05, KAB down one sen to 25 sen and MGRC falling one sen to 92 sen.
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