KUALA LUMPUR, Oct 9 — Share prices on Bursa Malaysia retreated to open marginally lower today to lack of buying interest, dealers said.
At 9.02am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.23 points or 0.23 per cent lower at 1,773.27, after opening 2.79 points easier at 1,774.71.
A dealer said the weak sentiment will likely remain throughout the day, weighing on investors’ risk appetite.
HwangDBS Vickers Research expects the overnight losses on Wall Street, due to lingering concerns over lawmakers in Washington which have yet to come to an agreement, to influence local sentiment.
“We think the benchmark FBM KLCI may continue its sideways movement.
Immediate support remains at 1,750-points level,” it said in a note.
On the scoreboard, the Finance Index fell 43.05 points to 16,524.06, the Industrial Index slipped 1.26 points to 3,040.93 and the Plantation Index lost 31.95 points to 8,316.83.
The FBM Emas Index decreased 19.92 points to 12,345.58, the FBM100 Index erased 21.55 points to 12,081.41 and the FBM Ace eased 1.26 points to 5,372.53.
However, the FBM 70 rose 4.73 points to 14,119.53.
Losers led gainers 81 to 50, with 112 counters were unchanged, 1,368 untraded and 15 others were suspended.
Volume was very thin at 35.7 million shares worth RM13.682 million.
Among actives, Sumatec Resources gained 2.5 sen to 62 sen, Sersol added one sen to 46.5 sen while The Media Shoppe was flat at 10 sen.
Heavyweights, Petronas Chemicals perked one sen to RM6.87 while both Axiata Group and Sime Darby were flat at RM6.92 and RM9.45, respectively.
Meanwhile, both Maybank and CIMB slipped three sen each to RM9.84 and RM7.43, respectively. – Bernama
