KUALA LUMPUR, Jan 24 — Share prices on Bursa Malaysia opened lower on lack of buying interest, with losses seen in selected heavyweights.
As at 9:20am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.80 points down at 1,800.51 after opening 6.02 points lower at 1,802.29.
From a technical perspective, HwangDBS Vickers Research said the benchmark FBM KLCI could challenge the psychological support level of 1,800 ahead.
The bearish local stock market was also in tandem with the weaker Wall Street performance overnight.
Major US equity barometers fell between 0.6 per cent and 1.1 per cent at the closing bell amid weak economic signals from China.
Market breadth was negative as losers trounced gainers 220 to 99, with 156 counters unchanged, 1,102 untraded and 15 others suspended.
Turnover stood at 141.44 million shares worth RM99.847 million.
Among actives, Iris Corp gained two sen to 40 sen, Xidelang rose 1.5 sen to 30.5 sen, Silk Holdings was 3.5 sen higher but DVM Technology inched down half-a-sen to 6.5 sen.
As for heavyweights, TNB rose two sen to RM11.52, CIMB gained six sen to RM6.86, Axiata added five sen to RM6.58 while Maybank shed six sen to RM9.70 and Sime Darby declined three sen RM9.10.
On the scoreboard, the Industrial Index lost 15.49 points to 3,058.28, the Plantation Index fell 76.59 points to 8,506.61 and the Finance Index slid 75.06 points to 16,403.88.
The FBM Emas Index eased 51.13 points to 12,456.29, the FBMT100 Index lost 51.04 points to 12,169.75, the FBM 70 slipped 51.5 points to 13,822.53 but the FBM Ace garnered 12.01 points to 5,878.76. — Bernama
