KUALA LUMPUR, Nov 26 — Share prices on Bursa Malaysia opened lower this morning in line with regional bourses as investors turned cautious on lack of market direction, dealers said.
At 9.10am, the FBM KLCI was 0.38 of-a-point lower at 1,797.59 after opening at 1,797.21.
However, gainers led losers 116 to 97, with 156 counters unchanged, 1,231 untraded and 34 others were suspended.
Turnover amounted to 163.93 million shares worth RM53.77 million.
HwangDBS Vickers Research said major US bellwethers were little changed last night as investors were waiting for fresh market leads to emerge.
“The local index, which rose as high as 1,806.13 before slipping subsequently to finish at 1,797.97 yesterday, could resume its slight positive bias today.
“From a technical perspective, the benchmark index seems eager to overcome the psychological barrier of 1,800 anytime soon,” it said in a note today.
The research house said buying interest could be spurred by Wellcall Holdings, which declared a single-tier special dividend of five sen per share and a one-into-2.5 share split proposal, as well as EA Holdings, which announced a bonus issue yesterday.
The Finance Index dropped 33.07 points to 16,475.42 while the Plantation Index rose 11.25 points to 8,819.42 and the Industrial Index was 2.68 points better at 3,133.75.
The FBM Emas Index declined 2.31 points to 12,511.11, the FBMT100 Index eased 2.79 points to 12,234.40, the FBM 70 shed 5.29 points to 14,245.90 but the FBM Ace surged 35.52 points to 5,729.37.
Among actives, Ingenuity Consolidated and Asia Media Group added half-a-sen each to 10 sen and 10.5 sen, respectively, AT Systematization gained one sen to 16.5 sen and EA Holdings rose 1.5 sen to 21.5 sen.
Sumatec was unchanged at 33 sen.
As for heavyweights, Maybank increased one sen to RM9.62, Sime Darby was three sen higher at RM9.63, Tenaga Nasional rose 16 sen to RM9.80, Axiata remained unchanged at RM6.73 and CIMB shed five sen to RM7.46. – Bernama
