KUALA LUMPUR, Feb 24 — Bursa Malaysia remained lower at mid-morning, dampened by selling in selected blue chips led by Sime Darby and Genting.
Despite positive news about Fitch Ratings maintaining Malaysia’s A- stable outlook, the local bourse was weighed down by the overnight tumble on Wall Street and European bourses amid the declining oil prices.
At 11.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.06 points weaker at 1,672.22 from yesterday’s close of 1,672.22.
The index opened 0.85 point weaker at 1,676.43.
On the scoreboard, the FBM Emas Index fell 47.8 points to 11,616.43, the FBM 70 contracted 70.83 points to 12,889.57 and the FBM Emas Shariah Index declined 53.6 points for 12,436.34.
The FBMT100 lost 40.9 points to 11,314.47 and the FBM Ace decreased 50.92 points to 5,784.93.
Sector-wise, the Industrial Index trimmed 27.85 points to 3,259.52, the Finance Index eased 14.04 points to 14,042.57 but the Plantation Index gained 34.98 points to 7,917.78.
Losers outpaced gainers 452 to 166, with 264 counters unchanged, 871 untraded and 24 others suspended.
Turnover stood at 496.85 million shares worth RM373.77 million.
Of the heavyweights, Maybank added one sen to RM8.65, TNB rose eight sen to RM13.30 but Petronas Chemicals shed one sen to RM7.06.
Meanwhile, both Public Bank and IHH Healthcare were flat at RM18.40 and RM6.55 respectively.
Among actives, APFT and SKH were flat at 11.5 sen and 7.5 sen respectively, while Comintel eased two sen to 68.5 sen. — Bernama
