KL shares opened mixed, composite index in negative territory

An investor monitors share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters pic
An investor monitors share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters pic

KUALA LUMPUR, April 6 — Bursa Malaysia opened mixed with the composite index in the negative territory in line with Wall Street’s weaker performance, overnight.  

At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,743.80, down 0.87 of-a-point or 0.05 per cent, from yesterday’s close of 1,744.67. 

The key index opened 0.14 of-a-point higher at 1,744.81.

The market breadth was positive as gainers led losers 236 to 103 with 260 counters unchanged, 1,110 untraded while 19 others were suspended.

Turnover stood at 283.28 million shares worth RM109.54 million.

JF Apex Securities said the FBM KLCI was expected to remain lacklustre and below the resistance level of 1,770 points following the mixed performance in the United States and Europe. 

“US markets declined overnight after minutes of the Federal Reserve meeting showed the central bank’s intention of unwinding its US$4.5 trillion balance sheet later this year,” it added.

Meanwhile, JF Apex Securities said European stocks were mixed as oil and mining counters gained while automotive stocks declined following lower US auto sales.

The regional markets’ performance were mixed ahead of the meeting between the presidents of the US and China. 

Among heavyweights, Maxis went up three sen ao RM6.43, Hong Leong Financial Group surged 18 sen to RM16.44, Petronas Dagangan expanded 20 sen to RM24.30,

Maybank declined one sen to RM8.94 while TNB and Public Bank eased two sen each to RM13.74 and RM19.92, respectively. 

Of actives, Dagang Nexchange and Bio Osmo edged up half-a-sen each to 47 sen and nine sen, respectively, Bioalpha added two sen to 27.5 sen, SKH Consortium went up one sen to 12 sen and Niche Capital Emas rose one sen to 10.5 sen. 

The FBM Emas Index was 1.25 points higher at 12,448.22, the FBM Emas Shariah Index increased 6.29 points to 12,928.50 and the FBMT100 Index inched up 0.39 of-a-point to 12,074.57.   

The FBM 70 appreciated 24.71 points to 14,792.03 and the FBM Ace improved 50.12 points to 6,050.94.  

Sector-wise, the Plantation Index grew 9.21 points to 8,205.54, the Finance Index eased 7.82 points to 15,726.42 and the Industrial Index shed 10.68 points to 3,254.17. — Bernama

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