Bursa Malaysia stays lower at mid-morning

BURSA Malaysia remained lower at mid-morning due to cautious sentiments as traders digested the recent United States interest rate hike announcement.

At 11 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 5.91 points to 1,477.26 from yesterday’s closing of 1,483.17. The index opened 1.39 points lower at 1,481.78.

On the broader market, losers surpassed gainers 392 versus 262, while 359 counters were unchanged, 1,260 untraded and 41 others suspended.

Turnover stood at 885.83 million units worth RM463.44 million.

Among the Bursa heavyweights, Maybank lost two sen to RM8.75, Public Bank and CIMB were down by five sen each to RM4.39 and RM5.78, respectively, Petronas Chemicals was unchanged at RM8.50, and TNB eased six sen to RM9.28.

Of the actives, Nylex added four sen to 25.5 sen, Icon gained half-a-sen to 9.5 sen, Infomina perked 11 sen to RM1.32, PT Resources rose by five sen to 56 sen and Advance Synergy stayed flat at 17.5 sen.

On the index board, the FBM Emas Index contracted 33.52 points to 10,619.19, the FBMT 100 Index shed 35.29 points to 10,321.33, the FBM Emas Shariah Index weakened 23.28 points to 10,759.63, the FBM 70 Index slipped 20.52 points to 13,010.01, and the FBM ACE Index reduced 34.87 points to 5,476.12.  

Sector-wise, the Financial Services Index was 85.39 points lower at 16,584.18 and the Plantation Index lost 11.84 points to 6,729.05, while the Industrial Products and Services Index increased by 0.17 of-a-point to 181.55, and the Energy Index added 2.57 points to 797.93. — Bernama / pic TMR