Bursa ends morning session on mixed note

KUALA LUMPUR • The benchmark index on Bursa Malaysia ended the morning trading session on a mixed note, as emerging profit-taking in selected consumer products and services counters offset earlier gains, dealers said.

At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.95 points to 1,513.67, compared to yesterday’s close of 1,516.62.

The key index opened 0.2 of-a-point better at 1,516.82, subsequently moving between 1,513.27 and 1,519.68 throughout the session.

On the broader market, gainers edged past losers 374 to 343, while 393 counters were unchanged, 1,200 untraded and 17 others suspended.

Turnover stood at 1.21 billion units worth RM794.77 million.

In a note, Rakuten Trade Sdn Bhd said it expects the index to hover in the 1,510-1,525 range today.

“We noticed that earnings from the oil and gas (O&G)-related stocks to be rather weak so far, amid the sector’s volatility.

“As such, we expect some selling pressure on the O&G counters over the immediate term,” it said.

Meanwhile, Bursa heavyweights Malayan Banking Bhd and IHH Healthcare Bhd declined three sen each to RM8.92 and RM6.48 respectively, Public Bank Bhd slipped one sen to RM4.64, CIMB Group Holdings Bhd fell two sen to RM5.45 and Petronas Chemicals Group Bhd was flat at RM8.75.

Of the actives, Agmo Holdings Bhd advanced 2.5 sen to 81 sen, Jaks Resources Bhd went up two sen to 29.5 sen and Hartalega Holdings Bhd gained four sen to RM1.84, while Widad Group Bhd was flat at 35 sen.

On the index board, the FBM Emas Index was 3.50 points better at 10,733.53, the FBM T100 Index shed 0.36 of-a-point to 10,477.08, the FBM Emas Shariah Index improved 15.59 points to 10,886.55, the FBM 70 jumped 80.36 points to 12,812.64 and the FBM ACE reduced 16.25 points to 4,955.90.

Sector-wise, the Financial Services Index slipped 29.68 points to 16,789.66 and the Plantation Index declined 9.59 points to 7,279.36, while the Energy Index went up 11.54 points to 679.07 and the Industrial Products and Services Index earned 1.43 points to 184.46. —Bernama/Bloomberg pic