KUALA LUMPUR, March 10 ― Bursa Malaysia was easier at mid-morning today on lack of impetus, dealers said.
At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.33 points to 1,714.09 from yesterday's close of 1,717.42.
The index opened 1.08 points easier at 1,716.34.
Market breadth was negative with decliners outpacing gainers by 374 to 273, while 363 counters were unchanged, 692 untraded and 23 others suspended.
Turnover stood at 1.01 billion shares worth RM693.57 million.
Kenanga Research, in a note today, said the downside-bias trade later today was very much expected given the lack of fresh catalysts.
“The resistance levels are expected to cap at 1,720/1,730 and support levels seen at 1,710/1,700,” it said.
Of the heavyweights, Maybank rose four sen to RM8.77 and TNB was up two sen to RM13.76.
Sime Darby decreased eight sen to RM9.02, Petronas Chemicals fell three sen to RM7.34 and IHH Healthcare was two sen lower at RM5.90.
Public Bank was flat at RM19.80.
Among actives, Iskandar Waterfront City rose 34 sen to RM2.10 and Lion Diversified was up two sen to 6.5 sen.
Hibiscus Petroleum decreased 2.5 points and Dagang Nexchange and Frontken was half-a-sen lower at 40 sen and 24 sen, respectively.
On the scoreboard, the FBM Emas Index lost 23.93 points to 12,110.52, FBMT100 Index fell 24.85 points to 11,779.32 and the FBM 70 eased 37.13 points to 14,094.01.
The FBM Emas Syariah Index contracted 20.04 points to 12,530.36 and the FBM Ace declined 13.06 points to 5,314.62.
On a sectoral basis, the Finance Index declined 33.77 points to 15,368.7 and the Industrial Index was down 13.95 points to 3,223.58.
The Plantation Index rose 1.82 points to 8,085.87. ― Bernama
