Bursa Malaysia Stays Lower At Mid-Morning On Profit-Taking
KUALA LUMPUR, Oct 15 (Bernama) -- Bursa Malaysia remained in negative territory at mid-morning as profit-taking in heavyweight stocks, particularly plantation counters, kept the benchmark index lower despite a partial recovery from its earlier losses.
The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.21 points, or 0.32 per cent, to 1,622.51 at 11 am, compared with Wednesday’s close of 1,627.72.
The index had earlier declined 10.22 points before paring its losses.
Market sentiment remained weak, with decliners outnumbering gainers 715 to 201. Another 400 counters were unchanged, 1,527 remained untraded and nine were suspended.
Turnover stood at 1.34 billion shares worth RM799.21 million.
Among plantation heavyweights, Kuala Lumpur Kepong fell 20 sen to RM21.10, while IOI Corporation shed five sen to RM3.23. SD Guthrie eased one sen to RM5.96.
Other heavyweight stocks: Maybank gained six sen to RM10.04, while Axiata Group added two sen to RM1.64 and Gamuda rose three sen to RM4.88.
Petronas Gas and AMMB Holdings each lost two sen to RM17.26 and RM6.32, respectively.
In active trade, Zetrix AI and Ni Hsin each gained one sen to 6.5 sen and 42.5 sen, respectively. Top Glove fell two sen to 89 sen, while Ecosys shed one sen to 79 sen and Dagang NeXchange declined 2.5 sen to 44.5 sen.
Southern Acids led the gainers, climbing 16 sen to RM3.18, while Analabs Resources added seven sen to RM1.77. AME Real Estate Investment Trust rose five sen to RM1.57, while MBM Resources gained four sen to RM4.79.
Malaysian Pacific Industries led the decliners, fell RM1.30 to RM40.70. UMS Integration fell 70 sen to RM7.63, while Nestle shed 42 sen to RM89.70. UWC Bhd declined 36 sen to RM7.37 and Kellington slipped 24 sen to RM8.44.
On the broader market, the FBM Emas Shariah Index fell 91.85 points to 12,013.49, while the FBM Emas Index declined 65.36 points to 12,077.23. The FBM Top 100 Index shed 58.89 points to 11,875.14.
The FBM Mid 70 Index dropped 172.80 points to 17,272.08, while the FBM ACE Index lost 87.38 points to 5,367.87.
At sector level, the Plantation Index fell 59.85 points to 8,837.12. The Industrial Products and Services Index declined 2.92 points to 177.69, while the Financial Services Index shed 3.77 points to 18,820.65. The Energy Index slipped 4.05 points to 824.00.
-- BERNAMA