KUALA LUMPUR, Dec 8 ― The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower today due to lack of buying support.
At 9.26am, the index fell 5.73 points to 1,666.27 after opening 2.33 points weaker at 1,669.67.
Market breadth was slightly negative with losers outpacing gainers 222 to 171, with 210 counters unchanged, 1,159 untraded and 33 others suspended.
Turnover stood at 319.49 million shares worth RM103.54 million.
The index today was weighed down by losses in Petronas-linked stocks such as Petronas Gas, which fell 34 sen to RM22.98, and Petronas Dagangan, down 16 sen to RM24.62.
On the technical front, Maybank Kim Eng said support levels of 1,654 to 1,672 might be areas to buy, while liquidation activities would cap rebounds at the resistances of 1,675 and 1,690.
“We expect the index to remain range bound, with a sideward bias for now,” it said in a note.
Of the heavyweights, Maybank lost a sen to RM8.40, Public Bank shed 18 sen to RM18.16, while Tenaga and Petronas Chemicals were flat at RM13.46 and RM6.72, respectively.
Among actives, 1Utopia and XOX added half-a-sen to 5.0 sen and 21 sen respectively, Instacom rose 1.5 sen to 29.5 sen, while Sumatec lost half-a-sen to 13 sen.
On the scoreboards, the FBM Emas Index lost 36.18 points to 11,619.7, the FBMT100 Index declined 35.89 points to 11,301.19 and the FBM Emas Shariah Index went down 38.39 points to 12,535.15.
The FBM 70 decreased 30.17 points to 12,971.01, but the FBM Ace benefited 26.07 points to 6,449.14.
On a sectoral basis, the Finance Index was 54.98 points lower at 14,094.9, the Industrial Index fell 16.13 points to 3,262.03.But, the Plantation Index garnered 2.69 points for 7,461.14. ― Bernama
