KUALA LUMPUR, Nov 4 — Shares on Bursa Malaysia turned lower at mid-morning today amid lack of market participation ahead of the Awal Muharram public holiday tomorrow, dealers said.

At 11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.39 points to 1,808.02.

In a note today, Kenanga Research said the FBMKLCI and FBM Small Cap indices are likely at the peak of the chart.

It suspects the broader market may potentially undergo further near-term profit-taking as the technical indicators remain overbought.

On the scoreboard, the Finance Index rose 20.68 points to 16,675.21, the Industrial Index dwindled 0.63 points to 3,136.26 and the Plantation Index fell two points to 8,613.58.

The FBM Emas Index erased 15.45 points to 12,571.49 and the FBMT100 decreased 15.43 points to 12,295.47 while the FBM Mid 70 Index fell 14.35 points to 14,276.24 and the FBM Ace Index was 34.02 points higher at 5,780.31.

Gainers edged losers by 299 to 256, with 282 counters unchanged, 751 untraded and 19 others suspended.

Turnover stood at 576 million shares worth RM359.73 million.

Among actives, Tiger Synergy and EA Holdings added half a sen each to 25.5 sen and 17 sen respectively, while Xidelang lost two sen to 40 sen, Insas gained 7.5 sen to 72 sen and Censof rose three sen to 63.5 sen.

As for heavyweights, Maybank added four sen to RM9.83, Axiata rose two sen to RM6.88 and CIMB was one sen higher at RM7.53.

Sime Darby was unchanged at RM9.52 while Petronas Chemicals lost two sen to RM7.10. — Bernama