KUALA LUMPUR, Oct 3 — Share prices on Bursa Malaysia opened mixed in early trading today on lack of buying interest and amid the weak external environment, dealers said.
At 9.04am, the benchmark index lost 1.09 points to 1,769.26 after opening 0.33 of a point lower at 1,770.02.
Gainers thumped losers 84 to 52, with 132 counters unchanged, 1,335 untraded and 14 others suspended.
Trading stood at 92.9 million shares worth RM22.54 million.
HwangDBS Vickers Research said the key FTSE Bursa Malaysia KLCI (FBM KLCI) could face renewed selling pressure today.
“From a technical perspective, the benchmark index may pull back towards the immediate support line of 1,750 moving ahead.
“The poor sentiment will likely be dented further by the weak overnight performance of Wall Street,” it said in a note today.
Major US stock indices fell between 0.1 per cent and 0.4 per cent as investors awaited progress on budget talks to end the partial shutdown of the federal government.
Meanwhile, HwangDBS Vickers Research said among the stocks of interest today is IOI Corporation, which acquired a 40 per cent stake in Unico-Desa for RM397 million.
On the scoreboard, the Industrial Index lost 1.28 points to 3,037.12, and the Plantation Index fell 3.7 points to 8,350.59, while the Finance Index gained 0.09 of a point to 16,429.47.
The FBM Emas Index fell 7.48 points to 12,308.36, the FBM100 Index was 8.8 points lower at 12,044.8, with the FBM Ace decreasing 12.78 points to 5,473.02 and the FBM 70 losing 16.07 points to 14,038.54.
Among actives, Karambunai-ORD lost half-a-sen to six sen, Ho Wah Genting gained two sen for 23.5 sen, and Asia Bioenergy rose half-a-sen to 15.5 sen.
Of the heavyweights, Maybank improved five sen to RM9.86, Axiata dipped two sen to RM6.88, and Sime Darby fell four sen to RM9.47. – Bernama
