KUALA LUMPUR, Nov 5 ― The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged down this morning on selective trading as traders remained on the sidelines, a dealer said.
At 9.15am, the key index stood at 1,842.48, down 4.88 points, after opening lower at 1,844.75.
On the broader market, market breadth was negative with decliners outpacing gainers 183 to 114 while 194 counters were unchanged, 1,156 untraded and 11 others were suspended.
AllianceDBS Research, in its analysis of overall market action yesterday, said buying power was weaker than selling pressure.
“FBMKLCI would likely trade below the 1,845.52 level on today,” it said in a statement.
Another dealer contacted said further falls in oil prices would weighed on trading sentiment in this region.
On other local scoreboard, the FBM Emas Index lost 32.82 points to 12,835.42, the FBMT100 Index declined 31.85 points to 12,471.55 and the FBM Emas Syariah Index trimmed 41.14 points to 13,322.30.
The FBM 70 tumbled 32.08 points to 14,107.72 but the FBM Ace appreciated 22.66 points to 6,604.67, while on a sectorial basis, the Finance Index shed 10.29 points to 16,728.20, the Industrial Index added 1.29 points to 3,276.08 and the Plantation Index dipped 11.34 points to 8,483.25.
Among heavyweights, Maxis, Genting and Tenaga Nasional dipped eight sen each to RM6.72, RM9.60 and RM13.56, respectively, Digi.com added two sen to RM6.14 while Petronas Gas lost 42 sen to RM20.08.
Actively traded stocks this morning included Efficient E-Solutions, JAG Bhd, Privasia Technologyy, Luster, Wintoni Group and its warrants (A). ― Bernama
