KUALA LUMPUR, Dec 7 — Shares on Bursa Malaysia were traded mixed in early trading session on continued selling pressure, dealers said.

Thirty six-minutes after trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.19 points lower at 1,822.99 after opening at 1,832.69.

Market breath remained positive as gainers led losers 195 to 171, with 208 counters unchanged, 972 untraded and 21 others were suspended.   

Turnover was low with 299.1 million shares, worth RM163.72 million, traded.

The market moved in line with Wall Street which remained under pressure last night, HwangDBS Vickers Research said.

Key US bellwethers lost between 0.3 per cent and 0.5 per cent as investors took profit following the recent market run-up.

“Against the precarious external backdrop, the mood to sell equities will likely persist on our bourse,” the research house said in a note.

From a technical perspective, it said the benchmark FBM KLCI could test the immediate support level of 1,825 ahead.

On the scoreboard, the Finance Index fell 5.6 points to 16,765.3, the Plantation Index decreased 23.641 points to 8,747.02 and the Industrial Index was 3.69 points lower at 3,100.11.

The FBM Emas Index lost 14.41 points to 12,653.55, the FBMT100 Index slipped 34.9 points to 12,347.05 but the FBM Ace rose 40.47 points to 5,825.67 while the FBM 70 slipped 12.011 points to 14,124.89.

Among actives, Hubline was flat at 6.5 sen, Ingenuity Consolidated rose half-a-sen to 9.5 sen and Iris added one sen to 33 sen.

As for heavyweights, Maybank gained two sen to RM9.95, Tenaga fell two sen to RM11.10 and Axiata slipped one sen to RM6.79.

Meanwhile, Perak Corporation rose 15 sen to RM3.64.

The company proposed a capital reduction-cum-repayment exercise involving a cash offer of RM3.90 per share to its minority shareholders versus its last traded price of RM3.49. — Bernama