KUALA LUMPUR, Aug 29 ― Share prices on Bursa Malaysia continued their sideways trading as investors were mostly sidelined ahead of the extended Merdeka Day weekend holiday.
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.51 points to 1,872.17, after hovering between 1,870.46 and 1,879.53 throughout the session.
A dealer said most investors were likely to stay sidelined after a generally weak financial reporting season.
On the scoreboard, the Finance Index declined 29.729 points to 17,475.46, the Industrial Index eased 9.98 points to 3,249.91, while the Plantation Index fell 39.811 points to 8,559.77.
The FBM Emas Index declined 34.79 points to 13,023.96, the FBMT100 Index lost 23.91 points at 12,617.3, the FBM Ace fell 87.66 points to 6,832.1 and the FBM 70 shed 27.76 points to 14,186.94.
Losers thrashed gainers 659 to 158 with 257 counters unchanged, 555 untraded and 28 others suspended.
Turnover stood at 1.46 billion shares worth RM886.49 million.
For the heavyweights, Maybank, Public Bank and Axiata were flat at RM10.10, RM19.28 and RM6.95 respectively.
TNB gained six sen to RM12.50 while CIMB lost four sen to RM7.36.
Among actives, Sumatec lost 3.5 sen to 45.5 sen, Sanichi and Iris eased one sen each to 13 sen and 35.5 sen respectively, PDZ declined two sen to 29 sen while Hubline was flat at five sen.
MAS shares were suspended for the whole trading day today as requested by the company's major shareholder, Khazanah Nasional Bhd, pending a material announcement in relation to the details of a proposed restructuring of the airline company. ― Bernama
