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BURSA MALAYSIA: Bursa Malaysia Mixed In Early Session

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KUALA LUMPUR: Bursa Malaysia was mixed in the early session Monday on cautious trading and in line with the performance of other Asian bourses, as investors await policy decisions this week from the US Federal Reserve and the Bank of Japan.

At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.42 points lower at 1,715.54 from last Friday’s close of 1,717.96, after opening 3.58 points weaker at 1,714.38.

Market breadth, however, was slightly positive with gainers outpacing losers 129 to 84, with 147 counters unchanged, 1,372 untraded and eight others suspended.

Turnover amounted to 93.83 million shares worth RM26.08 million.

HLIB Research said it expects the FBM KLCI to remain quiet and choppy towards its weekly projected trading range of between 1,700 and 1,727.

“The FBM KLCI is also expected to see further sideways consolidation,” it added.

Among heavyweights, TNB gained six sen to RM14.56, Public Bank shed two sen to RM19.08, while Maybank and IHH were flat at RM9.05 and RM6.72 respectively.

Of the active stocks, Vivocom added one sen 32.5 sen, Vivocom warrant gained half-a-sen to 14 sen, KNM shed half-a-sen to 49.5 sen, with Spring Gallery and Sona Petroleum warrant flat at 11 sen and 3.5.

The FBM Emas Index was 15.01 points lower at 11,923.48, the FBM Emas Shariah Index fell 6.23 points to 12,481.52, the FBMT100 Index declined 15.84 points to 11,612.14 and the FBM 70 was 16.19 points lower at 13,245.14.

The FBM Ace increased 21.22 points to 5,766.82.

On a sectoral basis, the Finance Index improved 4.43 points to 14,913.08, the Industrial Index fell 4.56 points to 3,266.39 and the Plantation Index dropped 27.69 points to 7,723.17.


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