KUALA LUMPUR, Aug 12 — Bursa Malaysia was easier in early trade today as profit-taking activities emerged following a strong closing yesterday, with investors staying on the sidelines ahead of the second quarter gross domestic product announcement due later.

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.12 of-a-point to 1,505.44 from 1,505.56 at Thursday's close.

The benchmark index opened 0.49 points weaker at 1,505.07.

On the broader market, losers led gainers 189 to 105, while 189 counters were unchanged, 1,855 untraded and 24 others suspended.

Turnover stood at 98.91 million units worth RM47.92 million.

Rakuten Trade vice-president of equity research, Thong Pak Leng said the FBM KLCI would continue with its uptrend after it decisively broke the 1,500 mark yesterday.

“We anticipate the index to trend within the 1,500-1,515 range today as market undertone improves.

“Meanwhile we noticed buying is returning on logistic-related companies as many performed rather strongly of late,” he said.

Among heavyweights, Maybank gained two sen to RM8.96, CIMB and Hong Leong Bank added one sen each to RM5.38 and RM20.88 respectively, while Public Bank and IHH Healthcare were flat at RM4.65 and RM6.48 respectively.

However, Petronas Chemicals and Tenaga Nasional shed two sen each to RM8.76 and RM8.56 respectively.

Of the actives, Theta and Hibiscus bagged two sen each to 98 sen and 86 sen respectively, Bintai and G3 Global were flat at 10 sen and three sen respectively, while Unique Fire slipped one sen to 24.5 sen.

On the index board, the FBM Emas Index trimmed 0.03 of-a-point to 10,683.01, the FBMT 100 Index shed 5.11 points to 10,426.12, the FBM Emas Shariah Index declined 10.24 points to 10,799.87, the FBM 70 lost 23.44 points to 12,774.51 and the FBM ACE decreased 19.76 points to 4,929.34.

Sector-wise, the Financial Services Index rose 35.96 points to 16,811.98, the Plantation Index went up 2.04 points to 7,158.29, while the Energy Index picked up 1.84 points to 660.76, and the Industrial Products and Services Index slid 0.4 points to 183.62. — Bernama