KUALA LUMPUR, April 6 ― Bursa Malaysia ended the morning trading session in negative territory, weighed down by the persistent selling in heavyweights, led by financial services as well as industrial products counters.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.84 per cent or 12.10 points to 1,417.45 from yesterday's closing of 1,429.55.
The barometer index opened 1.77 points higher at 1,431.32, then moved in a downbeat mode to as low as 1,416.67 during the session.
Market breadth was negative as decliners thumped gainers 458 to 242, while 359 counters were unchanged, 1,157 untraded and 12 others suspended.
Turnover stood at 1.45 billion units worth RM745.46 million.
In a note, Malacca Securities Sdn Bhd opined that the selling pressure prompted by the mixed signals from Wall Street performance overnight may spillover to local stocks, particularly, technology stocks.
"The Nasdaq Composite’s fall by more than one per cent may exert pressure on the technology sector for this session,” it said.
Among the heavyweights, Maybank shed six sen to RM8.60, Public Bank fell four sen to RM3.98, CIMB eased nine sen to RM5.22, Petronas Chemicals shrank 21 sen to RM7.04, and TNB lost eight sen to RM9.19.
As for the actives, Fitters and Vinvest were both flat at 7.5 sen and 20.5 sen respectively, Computer Forms added three sen to 25.5 sen, Classita gained six sen to 20 sen, while Tanco trimmed four sen to 46.5 sen.
On the index board, the FBM Emas Index decreased 77.22 points to 10,412.24, the FBMT 100 Index went down 74.95 points to 10,098.60 and the FBM Emas Shariah Index gave up 66.91 points to 10,725.16.
The FBM 70 Index trimmed 54.10 points to 13,579.19 and the FBM ACE Index was 57.20 points lower at 5,279.98.
Sector-wise, the Financial Services Index slid 122.90 points to 15,669.65, the Industrial Products and Services Index inched down 1.32 points to 171.44, the Energy Index slid 6.35 points to 862.82, and the Plantation Index shaved off 6.99 points to 6,724.70. ― Bernama
You May Also Like