Bursa Malaysia Remains Lower At Midday
KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia remained lower at midday amid continued selling pressure in selected heavyweight counters.
‘At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 10.75 points, or 0.66 per cent, to 1,612.95 from Thursday’s close of 1,623.70.
The benchmark index, which opened 1.13 points higher at 1,624.83, moved between 1,611.74 and 1,626.34 during the morning trading session.
In the broader market, gainers outnumbered losers 520 to 414, while 438 counters were unchanged, 1,471 untraded, and 33 suspended.
Turnover stood at 1.90 billion units worth RM1.43 billion.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng expects the benchmark index to remain within a narrow range of 1,615 to 1,625 today.
Among the heavyweight counters, Maybank decreased nine sen to RM9.99, Public Bank rose eight sen to RM4.82, and CIMB slipped 17 sen to RM7.31. Tenaga Nasional was flat at RM12.98 while IHH Healthcare increased one sen to RM7.99.
In active trade, Zetrix AI lost half a sen to six sen, EGH International eased two sen to 14 sen, and Ni Hsin edged down one sen to 41.5 sen. However, VS Industry rose 1.5 sen to 34.5 sen and Top Glove increased one sen to 91 sen.
Of the top gainers, Vitrox jumped 38 sen to RM10.70, Petronas Dagangan garnered 28 sen to RM19.48, Pekat Group and Malaysian Pacific Industries each added 22 sen to RM2.75 and 40.62, respectively, and Pentamaster Corporation climbed 20 sen to RM5.60.
Nestle led the top decliners, falling 84 sen to RM89.66, Press Metal Aluminium tumbled 51 sen to RM6.66, Kuala Lumpur Kepong fell 42 sen to RM20.68, Petronas Gas declined 26 sen to RM17.34, and Dutch Lady Milk Industries erased 24 sen to RM29.04.
On the index board, the FBM Mid 70 Index increased 48.61 points to 17,228.35, the FBM Emas Index dipped 41.60 points to 12,031.91, and the FBM Top 100 Index dropped 49.84 points to 11,826.02.
The FBM Emas Shariah Index shrank 44.73 points to 11,957.81 while the FBM ACE Index surged 103.96 points to 5,414.86.
Sector-wise, the Industrial Products and Services Index gave up 2.46 points to 174.46, the Plantation Index slumped 120.24 points to 8,723.63, the Financial Services Index slid 35.51 points to 18,791.13, while the Energy Index perked up 0.75 points to 823.62.
-- BERNAMA