KUALA LUMPUR, Jan 30 — Share prices on Bursa Malaysia opened lower on weak leads from Wall Street and ahead of the long weekend beginning tomorrow for the Lunar festival.
As at 9.20am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.22 points lower at 1,783.01 after opening 0.45 of-a-point easier at 1,788.78.
Bursa Malaysia will only trade for half-a-day today and resume trading on February 4, after the Chinese New Year and Federal Territory Day holidays.
HwangDBS Vickers Research said Wall Street fell overnight with its major equity barometers sliding between 1.0 per cent and 1.2 per cent.
“Back home, the key FBM KLCI could give back yesterday’s gain of 8.0-point as the benchmark index may re-test the psychological mark of 1,800 points,” it said in a note.
The research house said among the stocks that are worth watching out for today include Salcon which clinched construction contracts worth RM23 million in Selangor.
Market breadth was negative as losers outpaced gainers 211 to 67, with 115 counters unchanged, 1,212 untraded and 30 others were suspended.
Turnover stood at 117.76 million shares worth RM82.43 million.
Among heavyweights, TNB gained 2.0 sen to RM11.26, Maybank was unchanged at RM9.60 but CIMB eased 3.0 sen to RM6.88.
Among actives, KNM Group and Daya Materials added half-a-sen each to 63 sen and 40 sen, respectively, but Green Packet lost 1.0 sen to 43.5 sen.
On the scoreboard, the Industrial Index fell 6.17 points to 3,040.73, the Finance Index was 30.57 points lower at 16,359.07 and the Plantation Index eased 7.75 points to 8,369.95.
The FBM Emas Index dwindled 40.35 points to 12,327, the FBMT100 Index depreciated 43.67 points to 12,039.56, the FBM 70 decreased 55.91 points to 13,628.56 and the FBM Ace lost 15.86 points to 5,874.49. — Bernama
