,KUALA LUMPUR: Profit-taking activities continued on Bursa Malaysia as investors cashed in on the strong advance earlier this week.At 12.30pm, the FBM KLCI was down 9.53 points to 1,619.88, just a fraction off the 1,620 support level and afloat of the psychological 1,600 mark.The market breadth remained positive however as 591 counters rose compared to 504 laggards. The trading volume was also showed continued interest with 6.01 billion shares traded for a value of RM3.1bil.Going by these indications, the bullish sentiment remains on the market."We believe the recovery-themed sectors such as gaming, aviation, consumers, property and construction should continue to shine following the reopening of economic activities, coupled wtih th eongoing Covid-19 vaccination drive as investors are likely to price in their potential future earnings growth and attractive valuations," said Malacca Securities Research in a note.Bank stocks were among the negative counters as Maybank lost five sen to RM8.50, Public Bank dropped three sen to RM4.31 and CIMB shed 11 sen to RM4.49.Glove stocks decline, led by Top Glove dropping eight sen to RM5.24, Hartalega falling 10 sen to RM9.68 and Supermax sliding 11 sen to RM4.10.Other laggards included Maxis falling eight sen to RM4.54, Digi losing three sen to RM3.67 and Nestle slipping 20 sen to RM135.20.Meanwhile, oil and gas counters remained in the spotlight following a jump in crude oil prices. The Bursa Malaysia Energy Index rose 1.3% to 1,005.35 following Brent crude's return to just below US$70 a barrel mark.The Bursa Malaysia Technology Index extended its recovery from its recent selldown, rising a further 2.2% to 84.37, tracking the Nasdaq's 2.5% gain overnight.A retracement was also underway in key regional markets with Japan's Nikkei adding 1.5% and South Korea's Kospi rising 1.3%.China's composite index added 0.4% while Hong Kong's Hang Seng dipped 0.25%. Australia's ASX200 was up 0.8%.
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