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Bursa Malaysia Opens Lower

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UALA LUMPUR: Bursa Malaysia opened lower today in continuing the downtrend from last week and seeing a follow-through in the selling of heavyweights by foreign funds, a dealer said.

At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 19.09 points down at 1,663.56 after opening 10.08 points easier at 1,672.57. A dealer said, the market is expected to remain weak on downward pressure before local funds support returns to cushion the decline.

“Immediate support for the FBM KLCI is at the 1,685 points level, with the immediate resistance revised downward to 1,716 points,” he added

On the scoreboard, the FBM Emas Index fell 100.06 points to 11,475.86, the FBMT100 Index slipped 107.45 points to 11,160.82 and the FBM Emas Syariah Index eased 88 points to 11,915.35.

The FBM 70 was down 42.70 points to 12,363.78 and the FBM Ace depreciated 43.20 points to 5,976.94.

On a sectoral basis, the Plantation Index eased 42.58 points to 7,185.26, the Finance Index declined 177.30 points to 15,041.15 and the Industrial Index shed 24.83 points for 3,181.60.

Decliners led gainers 280 to 61, while 125 counters remained unchanged, 1,332 untraded and 19 others suspended.

Turnover stood at 101.67 million shares worth RM48.35 million.

Among actives, The Media Shoppe, Tiger Synergy and Media Prima was traded unchanged at 13 sen, 11 sen and RM1.20 respectively, while RCE Capital slid half a sen to 40 sen.

Among heavyweights, Maybank fell 24 sen to RM8.72, Public Bank slipped 12 sen to RM18.96, as TNB and Axiata eased eight sen each to RM11.32 and RM5.92, respectively, and Sime Darby slid ten sen to RM8.40.– BERNAMA

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