KUALA LUMPUR, May 6 — Bursa Malaysia opened lower this morning on continued selling pressure and global developments which continued to weigh on local sentiment.
At 9.03am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.96 points lower at 1,642.13 from Yesterday’s close of 1,645.09, after opening 3.00 points weaker at 1,642.09.
Market breadth was almost equal with gainers outnumbering losers just 74 to 73, with 128 counters unchanged, 1,428 untraded and seven others suspended.
Turnover was thin at 40.91 million shares worth RM18.64 million Maybank Investment Bank which recommended a “sell on rallies” strategy for today, expects the FBM KLCI to have a poor week-on-week close.
“Due to the negative close yesterday, the index’s onus has turned downwards 1,636, 1,618 and 1,600,” it said in a note.
A dealer, meanwhile said, investors are in a wait-and-see mode until the release of the US jobs data today.
Among heavyweights, Maybank and Public Bank each were flat at RM8.53 and RM18.76, respectively, TNB rose two sen to RM14.12 and IHH Healthcare added one sen to RM6.52.
Of the actives, R&A Telecommunication, SapuraKencana and AirAsia X each were flat at 1.5 sen, RM1.62 sen and 34 sen respectively, while Niche Capital Emas was up half-a-sen to 12.5 sen.
Among losers, BAT declined 90 sen to RM47.40, Petronas Gas fell 24 sen to RM21.56 and Hong Leong Finance shed 14 sen to RM14.84.
The FBM Emas Index slid 14.35 points for 11,472.24, the FBMT100 Index lost 14.06 points to 11,165.23, and the FBM Emas Shariah Index gave up 11.81 points to 12,048.54.
The FBM Ace, however, rose 6.94 points to 5,656.45 and the FBM 70 was 5.35 points higher at 12,914.52.
Sector-wise, the Plantation Index improved 0.40 of-a-point to 7,548.53, but the Finance Index lost 32.01 points to 14,348.33, and the Industrial Index shed 19.24 points to 3,128.50. — Bernama
