KUALA LUMPUR: Share prices on Bursa Malaysia opened lower, tracking the weakness in global equity markets and easier oil prices, dealers said.
At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 10.10 points lower at 1,641.34 from Tuesday’s close of 1,651.44, after opening 6.67 points weaker at 1,644.77.
Market breadth was negative as losers led gainers 119 to 78, with 141 counters unchanged, 1,357 untraded and seven others were suspended.
Turnover was thin at 49.61 million shares worth RM40.62 million.
Maybank Investment Bank said United States markets fell as investors sold stocks down following the release of poor manufacturing data from China and a weaker purchasing managers’ index in the United Kingdom.
The Dow Jones Industrial Average erased 140.25 points to 17,750.91 and the S&P 500 Index lost 18.06 points to 2,063.37.
Brent crude oil declined US$0.83 to US$44.55 per barrel.
Markets in Japan were closed for its Golden Week holidays.
Among heavyweights, Maybank rose 13 sen to RM8.61, TNB fell 10 sen to RM13.98, Public Bank was flat at RM18.56 while Petronas Chemicals slipped six sen to RM6.61.
Of actives, SapuraKencana added one sen to RM1.65, Kulim gained five sen to RM4.02 while DGB Asia and Vivocom were each flat at five sen and 34 sen, respectively.
The FBM Emas Index lost 54.06 points for 11,450.93, the FBMT100 Index decreased 57.17 points to 11,147.31 and the FBM Emas Shariah Index shed gave up 51.01 points to 12,037.75.
The FBM Ace eased 7.94 points to 5,610.70 and the FBM 70 was 25.18 points lower at 12,848.86.
Sector-wise, the Plantation Index declined 41.54 points to 7,579.55, the Finance Index lost 109.72 points to 14,299.60 and the Industrial Index shed 11.66 points to 3,122.38.