KUALA LUMPUR, Jan 6 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened easier today as traders stayed on the sidelines, a dealer said.
At 9.20am, the key index stood at 1,712.77, down 23.85 points, after opening easier at 1,730.94.
The lower opening was due to overnight performance on Wall Street, he said.
Decliners outpaced gainers by 431 to 40, 103 counters were unchanged, 1,165 untraded and nine suspended.
AllianceDBS Research said judging from yesterday’s market performance, the buying power was weaker than selling pressure.
“As such, the FBMKLCI would likely trade below the 1,734.51 level today,” it said in a statement.
The FBM Emas Index fell 164.10 points to 11,757.54, FBMT100 Index eased 160.93 points to 11,504.33 and the FBM Emas Syariah Index declined 172.90 points to 12,224.09.
The FBM 70 declined 181.74 points to 12,790.31, FBM Ace fell 147.31 points to 5,635.86.
The Finance Index lost 244.37 points to 15,229.65, Industrial Index eased 45.25 points to 3,102.23 and the Plantation Index fell 103.05 points to 7,648.75.
Among heavyweights, Maybank slipped 15 sen to RM8.85, Tenaga was down four sen at RM13.80 and Public Bank declined 16 sen to RM17.66.
Among the actively traded stocks were Kronologi Asia, Iris Corp, Minetech Resources, Sumatec Resources and Hubline. — Bernama
