Bursa Malaysia's Key Index Stays Lower At Midday
KUALA LUMPUR, Nov 11 (Bernama) -- Bursa Malaysia’s key index stayed lower at midday on Wednesday amid mixed sentiment among regional peers.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 10.42 points to 1,593.65 from yesterday’s close of 1,604.07.
The benchmark index opened 2.02 points lower at 1,602.05 and traded between 1,592.60 and 1,602.54 throughout the morning session.
However, market breadth was positive, with gainers outpacing losers 510 to 398, while 444 counters were unchanged, 1,422 untraded and 12 suspended.
Turnover stood at 1.74 billion units worth RM987.24 million.
Bursa Malaysia’s key index stayed lower at midday on Wednesday amid mixed sentiment among regional peers.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 10.42 points to 1,593.65 from yesterday’s close of 1,604.07.
The benchmark index opened 2.02 points lower at 1,602.05 and traded between 1,592.60 and 1,602.54 throughout the morning session.
However, market breadth was positive, with gainers outpacing losers 510 to 398, while 444 counters were unchanged, 1,422 untraded and 12 suspended.
Turnover stood at 1.74 billion units worth RM987.24 million.
Regionally, Hong Kong’s Hang Seng lost 8.03 per cent to 24,352.69, Indonesia’s IDX Composite Index shed 0.7 per cent to 5,122.35, and the Shanghai Stock Exchange (SSE) Composite Index fell 0.24 per cent to 3,654.95.
Meanwhile, Singapore’s Straits Times Index (STI) rose 1.05 per cent to 5,313.77, South Korea’s KOSPI Composite Index gained 2.35 per cent to 5,362.47, and Japan’s Nikkei 225 advanced 1.35 per cent to 61,273.97.
In a note today, Malacca Securities Sdn Bhd said it expects the local bourse to trade softer, tracking overnight losses on Wall Street amid heightened inflation concerns after the release of US October inflation data.
The media reported that the US Consumer Price Index (CPI) rose 0.4 per cent month-on-month in October, above the consensus estimate of 0.3 per cent.
Among the heavyweights, Maybank was down 10 sen to RM9.96, Public Bank was 11 sen lower at RM4.57, CIMB fell five sen to RM7.03, Tenaga Nasional lost 16 sen to RM13.02, and IHH Healthcare shed five sen to RM7.69.
In active trade, ACE debutant SKA Capital surged nine sen to 52 sen, MMAG Holdings climbed 15 sen to 4.5 sen, Ni Hsin Group gained 1.5 sen to 11 sen, GIIB Holdings expanded three sen to 15 sen, while Zetrix AI decreased half a sen to 5.5 sen.
Among the gainers, Nestle strengthened by 90 sen to RM95.90, UWC firmed 90 sen to RM38.58, Pentamaster Corp gained 33 sen to RM5.33, Malaysian Pacific Industries rose 16 sen to RM4.60, and MI Technovation climbed 43 sen to RM6.36.
Among the top losers, Fraser & Neave was down 90 sen to RM21.10, Hong Leong Bank lost 66 sen to RM21.32, Allianz Malaysia contracted 34 sen to RM19.56, United Plantations fell 40 sen to RM30, and RHB Bank shed 14 sen to RM7.55.
On the index board, the FBM Emas Index fell 27.72 points to 11,865.25, while the FBM Top 100 Index tumbled 35.74 points to 11,689.24, the FBM Emas Shariah Index added 40.03 points to 11,853.82, the FBM ACE Index added 43.10 points to 5,253.09 and the FBM Mid 70 Index expanded 118.16 points to 17,108.09.
Sector-wise, the Financial Services Index fell 258.86 points to 18,484.91, the Plantation Index rose 37.13 points to 8,696.94, the Industrial Products and Services Index edged up 1.54 points to 171.91, and the Energy Index was up 6.77 points to 786.43.
-- BERNAMA