KUALA LUMPUR, Aug 25 — Share prices on Bursa Malaysia continued to open lower, in early trade, this morning tracking the sharp downturn in regional equity markets and concerns over China, dealers said.
At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,507.45, down 24.69 points, after opening 16.41 points lower at 1,515.73.
Losers outpaced gainers 424 to 36, while 93 counters remained unchanged, 1,250 untraded and 9 others suspended.
Turnover stood at 155.59 million shares worth RM72.32 million.
A dealer said investors were jittery by yesterday’s sharp fall and they continued to unload their stocks in anticipation of further falls.
Alliance DBS, in a note, said following the downside gap along with a weak down close, the market was under pressure with immediate support zone seen between 1,500 and 1,525.
On the scoreboard, the FBM Emas Index fell 168.89 points to 10,316.25, the FBMT100 Index was down 162.93 points to 10,078.87 and the FBM Emas Shariah Index dropped 171.13 points to 10,730.78.
The FBM 70 declined 170.42 points to 11,037.01 and the FBM Ace depreciated 169.87 points to 4,716.04.
On a sectoral basis, the Finance Index slid 204.73 points to 13,470.88, the Industrial Index shed 38.35 points for 2,900.63 and the Plantation Index slipped 149.79 points to 6,566.09.
Among actives, Hubline, Metronic, Sumatec and Frontken all eased half-a-sen each at one sen, 6.5 sen, 10 sen and 16.5 sen, respectively, while IFCA MSC shed three sen to 47.5 sen.
Among heavyweights, Maybank was down eight sen at RM8.24, Public Bank and Maxis fell 18 sen each to RM17.10 and RM6.25, respectively, TNB eased six sen to RM10.30 and Axiata shed one sen to RM5.79. — Bernama
