Bursa Malaysia showing signs of rebound at mid-afternoon

BURSA Malaysia showed signs of staging a rebound at mid-afternoon as buying interest interspersed with selling in selected heavyweight and lower liner stocks, a dealer said. 

At 3.03pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.05 of-a-point to 1,394.68 from Friday’s close of 1,394.63, after opening 0.93 of a point easier at 1,393.7. 

Market breadth was negative with decliners outpacing gainers 586 to 209, while 310 counters were unchanged, 1,248 untraded and 31 others suspended.

Turnover stood at 1.13 billion units worth RM740.19 million.

Among the heavyweight stocks, Malayan Banking Bhd dipped one sen to RM8.57, Public Bank Bhd gained one sen to RM4.24, while Petronas Chemicals Group Bhd, CIMB Group Holdings Bhd and IHH Healthcare Bhd were flat at RM8.39, RM5.13, and RM5.90, respectively. 

Of the actives, both TWL Holdings Bhd and PT Resources Holdings Bhd added half-a-sen to five sen and 46.5 sen, respectively, Citaglobal Bhd improved one sen to 24.5 sen, while Top Glove Corp Bhd dipped 1.5 sen to 61 sen and Vinvest Capital Holdings Bhd eased half-a-sen to 19 sen. 

On the index board, the FBM Emas Index shed 25.69 points to 9,951.17, the FBM 70 dropped 113.91 points to 12,087.9 and the FBM T100 Index trimmed 21.47 points to 9,707.23.

The FBM Emas Shariah Index shed 31.17 points to 9,976.86 and the FBM ACE gave up 53.58 points to 4,604.29.  

Sector-wise, the Energy Index was down by 7.44 points to 662.74, the Financial Services Index slid 0.58 of-a-point to 15,921.87, the Industrial Products and Services Index eased by 1.17 points to 168.7, and the Plantation Index shrank by 9.59 points to 6,464.17. — Bernama / pic TMR FILE