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BURSA MALAYSIA: KL Shares Lower In Early Trade

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KUALA LUMPUR: Share prices on Bursa Malaysia opened lower in early trade Monday, tracking their regional peers, dealers said.

At 9.20 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,570.32, down 18.84 points, after opening at 1,578.50.

A dealer said regional equity markets took the cues from Friday’s Wall Street’s decline after the US August jobs report failed to give a clear view on the US Federal Reserve’s interest rate increase decision.

Losers outpaced gainers by 247 to 107, while 134 counters were unchanged, 1,325 untraded and 10 others suspended.

Turnover stood at 250.23 million shares worth RM128.93 million.

On the scoreboard, the FBM Emas Index fell 115.06 points to 10,766.98, FBMT100 Index was down 120.48 points to 10,505.31 and the FBM Emas Shariah Index dropped 146.24 points to 11,283.87.

The FBM 70 declined 111.55 points to 11,526.58 and the FBM Ace fell 2.11 points to 5,127.09.

On a sectoral basis, the Finance Index fell 123.05 points to 13,801.58, the Industrial Index shed 44.41 points for 3,021.45 and the Plantation Index slipped 88.41 points to 6,724.88.

Among heavyweights, Maybank was down nine sen to RM8.28, Public Bank fell four sen to RM17.64, TNB was flat at RM11.088, Axiata eased six sen to RM5.85 and Maxis declined 12 sen to RM6.47.– BERNAMA

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