KUALA LUMPUR, May 10 — Share prices on Bursa Malaysia opened easier today due to a lack of buying interest given the current weak market sentiment.
At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 13.22 points weaker at 1,618.97 from yesterday's closing of 1,632.19, after opening lower 3.29 points lower at 1,628.90.
Market breadth was negative with losers outpacing gainers 118 to 99, while 144 counters were unchanged, 1,341 untraded and 12 others suspended.
Turnover stood at 92.33 million shares worth RM35.83 million.
AllianceDBS Research said an analysis of overall market action yesterday revealed that buying power was weaker than selling pressure.
"As such, the FBM KLCI will likely trade below the 1,632.19 level today," it said in a note.
The FBM Emas Index fell 77.42 points to 11,358.79, the FBMT100 Index lost 80.69 points to 11,047.01, while the FBM Emas Shariah Index shed 72.39 points to 11,835.86.
The FBM 70 dipped 60.35 points to 12,917.83, while the FBM Ace declined 1.83 points to 5,691.88.
On a sectoral basis, the Finance Index lost 138.31 points to 14,372.69, the Industrial Index dropped 30.18 points to 2,998.97, while the Plantation Index slid 13.56 points to 7,477.88.
Among heavyweights, Maybank slipped 16 sen to RM8.60, Tenaga inched down 14 sen to RM13.98, Public Bank eased 20 sen to RM18.86 and IHH Healthcare was down two sen to RM6.49.
Of the losers, Petronas Dagangan declined 50 sen to RM22.50, MISC fell 26 sen to RM6.99, while PPB and BAT gave up 22 sen each to RM15.48 and RM47.00, respectively.
Actively traded stocks this morning included Hiap Huat, AirAsia X, KNM and Inix Technologies. — Bernama
