KUALA LUMPUR, June 4 — Share prices on Bursa Malaysia opened mixed today on mild profit taking activities, dealers said.
As at 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.25 points weaker at 1,746.62, after opening 7.15 points lower at 1,742.02.
AllianceDBS Research said the Consumer Products Index, which contributed a big portion towards the rise in FBM KLCI yesterday, was likely to test a higher level again today with an immediate hurdle seen at 592.
“The Consumer Products Index had on June 3, 2015 traded higher to 588.37 before settling near the day’s high at 588.21. A rise above 592 should see a test of the next resistance zone of 595 - 600.
“The support is at 580. A fall below 580 would put pressure on the stock down to the subsequent support of 570,” it said in a research note today.
Gainers outpaced losers 184 to 102 with 182 counters unchanged, 1,342 untraded and 19 others were suspended.
Turnover amounted to 92.61 million shares worth RM58.35 million.
Among heavyweights, Maybank added one sen to RM9.17, TNB was flat at RM13.40, Public Bank declined two sen to RM18.54 and Axiata fell three sen to RM6.33.
On actives, Kinsteel and Connectcounty advanced one sen each to 17.5 sen and 26.5 sen, respectively, Efficient E-Solutions added 1.5 sen to 29 sen while Perwaja earned half-a-sen to 17 sen.
On the scoreboard, the FBM Emas Index dipped 8.91 points to 12,129.84, the FBMT100 Index slipped 10.63 points to 11,799.41 but the FBM 70 benefited 13.07 points to 13,377.15.
The FBM Emas Syariah Index decreased 19.34 points to 12,666.44 points but the FBM Ace expanded 29.28 points to 6,658.35 points.
On a sectoral basis, the Plantation Index was 0.45 of a point better at 7,469.01 points, the Finance Index perked 11.79 points to 15,528.65 points but the Industrial Index trimmed 4.50 points to 3,222.63. — Bernama
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