Bursa opens lower on weak buying sentiment
KUALA LUMPUR, Nov 30 — The FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower today on a lack of buying interest and in line with its weaker regional peers.
At 9.15 am, it was 9.61 points lower at 1,672.98, after opening 7.18 points easier at 1,675.41.
Among heavyweights, Public Bank rose 10 sen to RM19.36, Maybank eased six sen to RM8.38, TNB lost 22 sen to RM13.28, Axiata added one sen to RM6.13 and Petronas Chemicals declined three sen to RM6.69.
Of the actives, Instacom edged up half-a-sen to 32.5 sen, Xinghe increased one sen to seven sen, XOX went down 1.5 sen to 32 sen, while JAG and EA Holdings fell one sen each to 8.5 sen and 11.5 sen respectively.
In a research note today, JF Apex Securities Bhd said it expects the FBM KLCI to extend its sideways trend to below the psychological level of 1,700 points, following the lacklustre performance of Wall Street last Friday.
It added that European equities closed lower too last week, after the Chinese market plunged, on investigations into stockbrokers who allegedly violated trading rules.
On the broader market, losers led gainers 214 to 138, with 172 counters unchanged, 1,283 untraded and 46 others suspended.
Turnover stood at 206.46 million shares worth RM81.04 million.
On the scoreboards, the FBM Emas Index weakened 47.35 points to 11,633.83, the FBMT100 Index slid 49.05 points to 11,317.17 and the FBM Emas Syariah Index trimmed 62.2 points to 12,534.09.
The FBM 70 edged upward 2.74 points at 12,880.97, but the FBM Ace declined 22.49 points to 6,653.83.
On a sectoral basis, the Finance Index was down 50.79 points to 14,083.83, the Plantation Index dropped 44.89 points for 7,554.8, but the Industrial Index inched up 0.34 point to 3,296.99. — Bernama
