Bursa Malaysia Remains Lower At Mid-Afternoon
KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia stayed lower in mid-afternoon trading on persistent selling in selected heavyweight counters.
However, analysts said the rally on Wall Street could spill over to the local market today, although the index may remain range-bound.
Late-session bargain hunting could lend support to the index, alongside Malaysia’s advance estimate of third-quarter gross domestic product (GDP), which showed the economy expanding by 5.3 per cent.
At 3 pm, the FBM KLCI decreased 13.28 points to 1,610.42 from Thursday’s close of 1,623.70, after opening 1.13 points higher at 1,624.83.
However, on the broader market, gainers led losers 527 to 448. A total of 471 counters were unchanged, 1,397 were untraded and 33 suspended.
Turnover stood at 2.18 billion units worth RM1.72 billion.
Among heavyweights, Maybank lost nine sen to RM9.99, Public Bank added 10 sen to RM4.84, CIMB slid 19 sen to RM7.29, Tenaga Nasional gained six sen to RM13.04, and IHH Healthcare eased one sen to RM7.97.
In active trade, Zetrix AI and Ni Hsin fell half a sen each to six sen and 42 sen, respectively, EGH International slipped 2.5 sen to 13.5 sen, and Top Glove was flat at 90 sen. V.S Industry was 1.5 sen firmer at 34.5 sen.
Among the top gainers, Petronas Dagangan garnered 34 sen to RM19.54, KESM and Vitrox increased 30 sen each to RM4.81 and RM10.62, respectively, and Pekat surged 23 sen to RM2.76.
Nestle led the losers, falling 72 sen to RM89.78, while Press Metal tumbled 71 sen to RM6.46. Kuala Lumpur Kepong decreased 64 sen to RM20.46 and Dutch Lady fell 38 sen to RM28.90.
On the index board, the FBM Emas Index fell 61.38 points to 12,012.14, the FBM Top 100 Index declined 69.39 points to 11,806.47, and the FBM Emas Shariah Index shrank 75.98 points to 11,926.56. The FBM ACE Index jumped 104.90 points to 5,415.80 and the FBM Mid 70 Index improved 15.68 points to 17,255.42.
Sector-wise, the Energy Index edged down 0.31 of a point to 822.56, the Industrial Products and Services Index lost 4.02 points to 172.90, the Plantation Index slumped 139.0 points to 8,704.87, and the Financial Services Index weakened 30.62 points to 18,796.02.
-- BERNAMA