KUALA LUMPUR, June 2 ― Selling pressure in Nestle, Maxis and Hong Leong Bank dragged Bursa Malaysia's main index lower during mid-morning trade.

At 11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 3.17 points to 1,379.84 from 1,383.01 at yesterday’s close.

The key index opened 2.81 points higher at 1,385.82 this morning.

However, the broader market was positive with advancers surpassing decliners 337 to 307, while 366 counters were unchanged, 1,246 untraded and 27 others suspended.

Turnover stood at 1.53 billion worth RM567 million.

Heavyweights Nestle eased RM3.70 to RM130.70, Maxis decreased five sen to RM4.11, Hong Leong Bank went down 32 sen to RM18.96, Public Bank was three sen lower to RM3.80, QL Resources slid 20 sen to RM5.25.

Among the actives, KNM Group added one sen to 7.5 sen, Borneo Oil lost half-a-sen to 1.5 sen, Vsolar and EP Manufacturing gained 7.5 sen each to 31.5 sen and 94 sen while Velesto Energy was flat at 23 sen.

On the index board, the FBM Emas Index went down 9.43 points to 10,193.80, the FBMT 100 Index was 11.32 points weaker at 9,898.76, the FBM Emas Shariah Index went up 12.76 points to 10,553.35, the FBM ACE Index was 9.39 points higher at 4,959.14 and FBM 70 Index recovered 31.46 points to 13,593.27.

Sector-wise, the Financial Services Index declined 95.70 points to 15,097.59, while the Industrial Products and Services Index perked 0.56 of-a-point to 159.34, the Plantation Index expanded 22.87 points to 6,629.66, and the Energy Index earned 1.86 points to 808.54. ― Bernama