KUALA LUMPUR, Nov 1 — Share prices on Bursa Malaysia were traded lower the early session today on weak buying following further weakness on overnight US’ stocks, dealers said.
At 9.06am, the FTSE Bursa Malaysia KLCI was 4.8 points easier at 1,802.05 after opening 3.17 points lower at 1,803.68.
HwangDBS Vickers Research said major US indices continued their second day of losses as they fell by between 0.3 per cent and 0.5 per cent at the closing bell, mostly attributed to uncertainty as to the timing of the Federal Reserve’s tapering of its quantitative easing programme.
“Our local bourse could follow suit and tread towards its immediate support level of 1,800 as risk appetite shrinks,” it said in a research note.
On the scoreboard, the Finance Index lost 12.889 points to 16,617.38, the Industrial Index was down 10.02 points to 3,131.56 while the Plantation Index inched-up 0.34 points to 8,614.64.
The FBM Emas Index shed 25.95 points to 12,542.53, the FBMT100 Index lost 26.84 points to 12,265.9, the FBM 70 declined 7.01 points to 14,287.53 and the FBM Ace eased 3.55 points to 5,692.24.
Gainers edged losers 98 to 82, with 126 counters unchanged, 1,282 untraded and 22 others suspended.
Turnover stood at 108.03 million shares worth RM165.99 million.
Among actives, UMW O&G, which made its debut on the Main Market of Bursa Malaysia today, gained 23 sen to RM3.03.
The company’ share price opened at RM3, 20 sen premium from its final retail price of RM2.80.
Meanwhile, Hubline and MAS earned half-a-sen each to six sen and 34.5 sen, Cybertowers lost 3.5 sen to 11 sen while 1Utopia was unchanged at7.5 sen.
As for heavyweights, Maybank Sime Darby lost two sen each to RM9.74 and RM9.51, respectively, and Axiata erased six sen to RM6.81.
Petronas Chemicals added two sen to RM7.13 while CIMB was flat at RM7.47. — Bernama
