KUALA LUMPUR, April 14 — Share prices on Bursa Malaysia opened lower in early trade on profit-taking, dealers said.
At 9.18am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.01 points lower at 1,849.65 after opening 1.56 points easier at 1,851.1.
A dealer said the market was taking a breather after the recent uptrend before continuing to rise.
“It is just a correction, and it is still on a rising trend. Any such dip should be seen as a buying opportunity,” he said.
Market breadth was negative, with losers outnumbering gainers 185 to 137 while 224 counters were unchanged, 1,079 untraded and 16 others were suspended.
Turnover stood at 176.18 million shares worth RM83.41 million.
On the scoreboard, the Industrial Index fell 14.94 points to 3,187.51, the Plantation Index 10.931 points to 8,977.85 and the Finance Index 11.91 points for 16,854.14.
The FBM Emas Index dropped 23.261 points to 12,833.27, the FBMT100 Index 22.97 points to 12,476.58, the FBM 70 36.35 points to 14,072.73 and the FBM Ace 29.65 points to 6,736.57.
Among actives, GSB and Talam gained 0.5 sen each to 12 sen and 10.5 sen respectively and Johan Holdings added 1.5 sen to 19 sen. Asian Pac was flat at 26.5 sen while Luster Industries slipped 0.5 sen to 10.5 sen.
Heavyweights Maybank and Axiata lost 1 sen each to RM9.75 and RM6.65 respectively and CIMB fell 4 sen to RM7.36. TNB was flat at RM11.90 while Sime Darby gained 2 sen to RM9.30. — Bernama
