KUALA LUMPUR, June 17 — Shares on Bursa Malaysia opened mixed today in cautious trading with most heavyweight stocks trading flat.
As of 9.31am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.43 of a point to 1,871.15 points, after opening 2.52 points higher at 1,874.1.
In a research note today, RHB Retail Research said that the weakness that was first seen on May 19 continued after the local bourse declined yesterday.
“We previously mentioned the breakout from the 1,845-1,872 consolidation phase, with a strong “Upside Gap” in mid-May 2014 expected to lift the FBM KLCI to higher ground,” it said.
On the scoreboard, the Finance Index dipped 20.99 points to 17,124.15, the Plantation Index slipped 14.83 points to 9,173.42 and the Industrial Index declined 4.72 points to 3,191.84.
The FBM Emas Index was 3.75 points lower at 12,946.75, the FBMT100 Index erased 3.75 points to 12,946.75, the FBM 70 shed 5.88 points to 14,040.32 but the FBM Ace rose 62.95 points to 6,717.84.
Market breadth was positive as gainers outpaced losers 201 to 133 while 239 counters were unchanged, 1,056 untraded and 16 others were suspended.
Turnover stood at 183.93 million shares worth RM107.86 million.
Among actives, Takaso Resources and Iris Corp added one sen each to 26.5 sen and 43.5 sen, respectively, China Stationery was flat at 12 sen while Ideal Jacobs eased one sen to 32 sen.
Of heavyweights, Maybank fell two sen to RM9.80, CIMB slipped one sen to RM7.16, Public Bank increased two sen to RM20.80 while TNB was flat at RM11.70. — Bernama
