KUALA LUMPUR, July 13 — Bursa Malaysia remained lacklustre at mid-morning today with investors staying on the sidelines and ahead of the holiday-shortened week.

At 11.05 am, the key FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.24 points to 1,710.34.

Hong Leong Investment Bank said Bursa Malaysia’s near term outlook would remain volatile, capped by expectations of profit-taking activities, ahead of the long Hari Raya holiday.

The FBM Emas Index declined 31.67 points to 11,770.41, the FBMT100 Index fell 30.85 points to 11,465.80 and the FBM Emas Shariah Index declined 30.98 points to 12,247.09.

The FBM 70 depreciated 18.13 points to 12,669.21 and the FBM Ace was down by 64.35 points to 6,048.13.

On a sectoral basis, the Industrial Index inched up 4.19 points to 3,157.76, the Plantation Index added 1.36 points to 7,467.42 and the Finance Index was 30.5 points lower at 15,361.57.

Market breadth was negative with decliners trouncing gainers 314 to 184, while 241 counters were unchanged, 1,055 untraded and 11 others suspended.

Turnover stood at 601.13 million shares worth RM339.10 million.

Of the heavyweights, Maybank eased one sen to RM9.19, Public Bank fell eight sen to RM18.74, TNB slid six sen to RM12.48, Axiata trimmed two sen to RM6.29 and Sime Darby fell four sen to RM8.50. 

Among actives, China Automobile added two sen to 32.5 sen, Asia Media Group was flat at 2.5 sen, Frontken Corp shed one sen to 25 sen and KNM Group edged down half-a-sen to 59 sen. — Bernama