KUALA LUMPUR, Nov 3 ― The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged down this morning on selective trading as traders remained sidelined, a dealer said.
At 9.15am, the key index stood at 1,854.65, down 0.50 of a point, after opening slightly higher at 1,856.82.
On the broader market, market breadth was positive with gainers outpacing decliners 266 to 89 while 207 counters were unchanged, 1,077 untraded and 11 others were suspended.
AllianceDBS Research said judging from last Friday's market performance, buying power was stronger than selling pressure.
“As such, the FBMKLCI will likely trade above the 1,855.15 level today,” it said in a statement.
On other scoreboard, the FBM Emas Index shed 2.65 points to 12,880.24, the FBMT100 Index trimmed 4.17 points to 12,513.05 while the FBM Emas Syariah Index gained 11.77 points to 13,358.14.
The FBM 70 dwindled 7.65 points to 14,125.36, the FBM Ace appreciated 29.08 points to 6,615.11, while on a sectorial basis, the Finance Index lost 27.58 points to 16,798.95, the Industrial Index declined 11.20 points to 3,268.20 and the Plantation Index dipped 29.43 points to 8,524.42.
Among heavyweights, Maybank was three sen better at RM9.73, Tenaga was up four sen at RM13.40 while Public Bank retraced two sen to RM18.52.
Actively traded stocks this morning included Dagang Nexchange, Censof Holdings, IFCA MSC and Nexgram Holdings. ― Bernama
