KUALA LUMPUR, Aug 6 — Share prices on Bursa Malaysia opened lower in light trading in the absence of interest this holiday-shortened week, dealers said.
Thirteen minutes into trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 3.39 points or 0.19 per cent to 1,781.75, after opening 4.65 points lower at 1,780.49.
HwangDBS Vickers Research said the local bourse is likely to inch its way up today, while the benchmark FBM KLCI could strive to pull a bit further away from the immediate resistance level of 1,785.
US equities provided little market leads last night, it said in a note today.
“Key bellwethers on Wall Street ended between -0.3 per cent and +0.1 per cent as sentiment was clouded by talks that the Federal Reserve is inclined to slow down its monthly purchases of bonds sometime this year,” said HwangDBS.
On the scoreboard, the Plantation index rose 22.08 points to 8,362.72, the Industrial index added 4.7 points to 3,024.81 but the Finance index fell 33.45 points to 16,905.31.
The FBM Emas Index eased 15.08 points to 12,414.09, the FBM100 Index erased 16.99 points to 12,156.05 but the FBM 70 Index increased 5.58 points to 14,276.82.
Gainers slightly outpaced losers 93 to 90, with 133 counters unchanged, 1,258 untraded and 11 others were suspended.
Turnover totalled 101.095 million shares worth RM52.954 million.
Among actives, Faber Group added 28 sen to RM2.06, Ariantec Global inched up half-a-sen to eight sen, Daya Materials was flat at 33 sen while The Media Shoppe and Iris Corp each lost half-a-sen to eight sen and 23.5 sen, respectively.
Of heavyweights, CIMB rose four sen to RM7.89, Maybank, Maxis and Petronas Chemicals were flat at RM10.40, RM7.08 and RM6.60, respectively, while Axiata eased five sen to RM6.79 and Sime Darby shed one sen to RM9.49. – Bernama
