KUALA LUMPUR, Sept 30 — Share prices ended the morning session in the red led by losses in finance-link stocks, dealers said. At the lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.62 points lower at 1,763.54, with the market barometer moving between 1,762.3 and 1,775.86.
Decliners thumped advancers 508 to 159, with 233 counters unchanged, 693 untraded and 26 suspended. Volume stood at 1.02 billion shares worth RM758.44 million.
CIMB and Public Bank lost 8 sen each to RM7.56 and RM17.70, while Hong Leong Bank lost 2 sen to RM13.98.
RHB Research said the FBM KLCI should stay under selling pressure and a firm downside bias ought to keep it below 1,780 points. “The selling is seen as a correction to the rebound that started from September 4,” the research house said in a note today.
HLIB Research said FBM KLCI is likely to consolidate sideways in the range of 1,750 and 1,820 this week.
All indices suffered losses on the scoreboard. The Finance Index lost 132.75 points to 16,445.07, the Industrial Index 14.92 points at 3,019.39, and the Plantation Index 14.92 points to 8,267.88. The FBM Emas Index declined 79.63 points to 12,269.67, the FBM100 Index 75.68 points to 12,007.75, the FBM Ace 43.10 points to 5,528.07 and FBM 70 46.08 points to 14,003.15.
Among actives, The Media Shoppe lost 1 sen to 17.5 sen, Silver Bird 3.5 sen to 12.5 sen while Karambunai-ORD added 1 sen to 6.5 sen. Heavyweights Maybank was flat at RM9.86, Axiata lost 8 sen to RM6.83 and Sime Darby fell 4 sen to RM9.45. — Bernama
