KUALA LUMPUR, April 27 — Bursa Malaysia was lower in the early session today as the bearish momentum continued following yesterday’s sell-off.

At 9.07am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.13 points lower at 1,689.37 from yesterday’s close of 1,692.50, after opening 2.85 points weaker at 1,689.65. 

Market breadth, was negative as losers led gainers 112 to 97, with 174 counters unchanged, 1,349 untraded and 54 others suspended.

Turnover amounted to 101.46 million shares worth RM37.20 million.

Alliance DBS said the downside breakout of the 1,704 support level on Apr 26 was a big surprise as the selling pressure was so overwhelming that all buying orders were filled.

“Sellers are thus expected to sell further into the market with support seen at 1,685. A further fall could send the market down to the subsequent support at 1,676,” it added.

Among heavyweights, TNB shed eight sen to RM14.32, IHH slid seven sen to RM6.61, Maybank gained one sen for RM8.98, and Public Bank was flat at RM18.84.

Of the active stocks, Sona Petroleum warrant and Gtronic warrant eased half a sen each at half-a-sen and two sen respectively, Berjaya Corporation slid one sen to 37 sen and AirAsia X improved one sen to 35 sen. 

The FBM Emas Index was 21.90 points lower at 11,723.36, the FBM Emas Shariah Index fell 37.47 points to 12,260.09, the FBMT100 Index declined 24.67 points to 11,421.73 and the FBM 70 dropped 40.74 points lower at 12,980.40. 

The FBM Ace bagged 1.03 points to 5,673.73. 

On a sectoral basis, the Finance Index slipped 5.73 points to 14,696.37 and the Industrial Index fell 10.46 points to 3,222.18.But, the Plantation Index improved 4.19 points to 7,699.51. — Bernama