Bursa Malaysia ends morning session lower

Bursa Malaysia ends morning session lower
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KUALA LUMPUR (Sept 24): Bursa Malaysia ended the morning trading session lower on lack of buying momentum.   

At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 6.74 points to 1,532.6 from Thursday’s close of 1,539.34.   

The index, which opened 3.06 points higher at 1,542.4, moved between 1,525.64 and 1,543.35 throughout the session.

Market breadth was negative with losers outpacing gainers 546 to 371, while 413 counters were unchanged, 982 untraded and 15 others suspended.

Turnover stood at 2.73 billion units worth RM1.7 billion.

Rakuten Trade Sdn Bhd said the FBM KLCI — which had been stuck in a consolidation mode in the past few days — is likely to trend within a tight range in the absence of positive catalysts, going forward.

Among the heavyweights, Public Bank Bhd added one sen to RM8.10, IHH Healthcare Bhd rose two sen to RM6.66, Petronas Chemicals Group Bhd was flat at RM8.08, Malayan Banking Bhd shed five sen to RM8.10 and Tenaga Nasional Bhd slid 10 sen to RM9.89. 

Of the actives, Kejuruteraan Asastera Bhd increased two sen to 41.5 sen, Opcom Holdings Bhd jumped 14 sen to RM1.14, Sapura Energy Bhd and Pasukhas Group Bhd were flat at 11.5 sen and 6.5 sen, respectively, while Dagang NeXchange Bhd eased two sen to 81 sen and TFP Solutions Bhd declined 1.5 sen to 11 sen. 

On the index board, the FBM Emas Index reduced by 39.13 points to 11,265.7, the FBMT 100 Index was 41.11 points easier at 10,963.42, and the FBM Emas Shariah Index eased 40.15 points to 12,273.38. 

The FBM 70 expanded 28.28 points to 14,943.82, while the FBM ACE went up 68.75 points to 7,190.29.

Sector-wise, the Plantation Index fell 39.87 points to 6,307.06, the Industrial Products and Services Index edged down 0.04 of-a-point to 199.81, and the Financial Services Index weakened by 46.98 points to 15,224.38.