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BURSA MALAYSIA: KL Shares Open Lower

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KUALA LUMPUR: Bursa Malaysia opened lower Wednesday in tandem with the weaker overnight performance of Wall Street.

At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.42 points lower at 1,621.69, against Tuesday’s close of 1,626.11. It opened 5.19 points easier at 1,620.92.

JF Apex Research said the US markets declined overnight as investors awaited the outcome of today’s Fed Reserve meeting and lower oil prices, while European stocks tumbled on concerns over the United Kingdom’s possible exit from the European Union.

“Following the bearish sentiment in the US and European markets, the FBM KLCI could remain negative with support at 1,610 points,” it said in a research note today.

Market breadth was negative with 66 gainers and 112 losers, while 166 counters were unchanged, 1,362 untraded and 15 others suspended.

Turnover stood at 84.17 million shares worth RM34.78 million.

The FBM Emas Index declined 24.70 points to 11,373.44, the FBMT 100 Index fell 25.25 points to 11,070.56, and the FBM Emas Shariah Index depreciated 31.30 points to 11,934.64.

The FBM 70 shed 12.07 points to 12,962.94 and the FBM Ace was 8.40 points lower at 5,342.55.

Sector-wise, the Finance Index trimmed 3.66 points to 14,038.74, the Plantation Index declined 21.62 points to 7,525.03 and the Industrial Index eased 9.90 points to 3,055.90.

Among heavyweights, Maybank and IHH Healthcare both gained one sen to RM8.01 and RM6.40, while TNB slid four sen to RM13.98, Public Bank depreciated six sen to RM19.12 and Petronas Chemicals went down five sen to RM6.43.

Of actives, LKL International gained one sen to 32 sen, ConnectCounty Holdings rose two sen to five sen, Bumi Armada increased 1.5 sen to 72.5 sen and DGB Asia inched down half-a-sen five sen.


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