Hottest Online News Portal

BURSA MALAYSIA: KL Shares Open Lower

in Latest

KUALA LUMPUR: Bursa Malaysia opened lower in line with the weaker global sentiment ahead of the US Federal Reserve (Fed) meeting this week and the United Kingdom’s referendum on its exit from the European Union on June 23.

At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 13.79 points lower at 1,627.43 against Friday’s close of 1,641.22. It opened 6.63 points lower at 1,634.59.

Kenanga Research said investors would keep at bay for the week ahead of the outcome of the US Fed meeting and easing crude oil prices.

“All eyes will be hooked onto the key US economic data reports as well as the Fed’s meeting this week (on June 14-15) for more clues on the market’s direction,” it said in a note Monday.

Market breadth was negative with 86 gainers and 219 losers while 192 counters were unchanged, 1,206 untraded and 15 others were suspended.

Turnover stood at 152.09 million shares worth RM82.82 million.

The FBM Emas Index declined 76.95 points to 11,423.62, the FBMT 100 Index fell 77.86 points to 11,114.19 and the FBM Emas Shariah Index depreciated 92.24 points to 11,964.47.

The FBM 70 decreased 33.54 points to 13,029.77 and the FBM Ace was 5.55 points lower at 5,506.95.

Sector-wise, the Finance Index weakened 69.29 points to 14,121.81, the Plantation Index eased 21.10 points to 7,556.19 and the Industrial Index reduced 22.99 points to 3,059.23.

Among heavyweights, Maybank and IHH Healthcare slid three sen each to RM8.17 and RM6.37, respectively, while TNB slipped two sen to RM13.96, Public Bank lost 10 sen to RM18.94 and Petronas Chemicals fell four sen to RM6.50.

Of actives, Vsolar Group edged up half-a-sen to 13 sen, Iris Corp was flat at 15.5 sen, SapuraKencana declined five sen to RM1.59 and Bumi Armada eased 2.5 sen to 73 sen.

— BERNAMA

Latest from Latest

Go to Top