KUALA LUMPUR, Aug 8 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) on Bursa Malaysia was broadly lower, trailing weaker regional markets, weighed by conflicts in the Middle-East and Ukraine.
At 11.11am, the FBM KLCI shed 18.69 points to 1,848.63, after opening 2.64 points lower at 1,864.68.
Market breadth was negative as decliners thumped advancers 850 to 79 while 178 counters were unchanged, 500 untraded and 19 others were suspended.
Turnover stood at 1.73 billion shares worth RM771.72 million.
Regionally, Japan’s Nikkei 225 lost 2.99 per cent to 14,776.88, Hong Kong’s Hang Seng depreciated 0.48 per cent to 24,270.68 and Singapore’s Straits Times fell 1.03 per cent to 3,280.23.
US President Barack Obama said he has authorised air strikes in Iraq to protect American personnel in the country.
“The potential US air strike against the insurgents in Iraq have upset all equity markets including Malaysia,” Maybank Investment Bank Bhd Regional Chartist Lee Cheng Hooi told Bernama.
Heavyweights, Maybank declined six sen to RM9.94, Public Bank reduced 24 sen to RM19.28, TNB shed eight sen to RM12.02, Axiata was two sen lower at RM6.94 and Sime Darby lost 12 sen to RM9.39.
Among actives, Globaltec added one sen to eight sen, Luster Industries edged up half-a-sen to 11.5 sen, ETI Tech Corp was flat at nine sen and PDZ Holdings shed half-a-sen to 20 sen.
On the scoreboard, the Finance Index trimmed 148.55 points to 17,192.35, the Plantation Index dipped 30.06 points to 8,921.66 and the Industrial Index slid 55.69 points to 3,153.86.
The FBM Emas Index depreciated 134.72 points to 12,931.04, the FBMT100 Index decreased 122.55 points to 12,502.11, the FBM 70 slipped 124.76 points to 14,224.95 and the FBM Ace lost 169.33 points at 7,012.95. — Bernama
