KUALA LUMPUR, March 14 — Bursa Malaysia continued to remain in negative territory at mid-afternoon as the fallout from the collapse of Silicon Valley Bank weighed on market sentiment.

At 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 21.83 points lower at 1,400.00 from Monday’s close of 1,421.83.

The key index opened 4.87 points easier at 1,416.96.

Market breadth remained negative with decliners overwhelming gainers 810 to 151, while 275 counters were unchanged, 1,011 untraded and 11 others suspended.

Turnover amounted to 2.12 billion units worth RM1.43 billion.

Among Bursa Malaysia heavyweights, Maybank slipped five sen to RM8.39, Public Bank dipped nine sen to RM3.92, CIMB shrank 11 sen to RM5.22, Petronas Chemicals fell 10 sen to RM7.00, and TNB shaved off two sen to RM9.30.

Among the actives, MY E.G. Services and BSL Corporation edged down one sen to 76.5 sen and five sen, respectively, Awanbiru Technology lost 3.5 sen to 43.5 sen, and E.A. Technique decreased seven sen to 22 sen, while Vinvest Capital was flat at 22.5 sen.

On the index board, the FBM Emas Shariah Index dropped 150.67 points to 10,499.28, the FBM Emas Index dipped 159.73 points to 10,215.69, the FBM ACE trimmed 124.46 points to 5,174.60, the FBMT 100 Index slid 151.10 points to 9,910.81, and the FBM 70 slipped 184.61 points to 13,059.77.

Sector-wise, the Financial Services Index declined 252.96 points to 15,467.43, the Plantation Index lost 106.67 points to 6,685.66, the Energy Index fell 21.92 points to 830.91, and the Industrial Products and Services Index eased 3.27 points to 169.30. — Bernama