KUALA LUMPUR, Nov 27 — Bursa Malaysia reversed earlier modest gains and slipped marginally at mid-morning today on the back of weak sentiment on regional markets, dealers said.
At 11.08 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,715.99, down 1.24 points from last Friday’s close of 1,717.23.
The index opened 1.14 points higher at 1,718.37.
A dealer said despite Wall Street having closed stronger last week, Asian markets were weighed down by fresh concerns over China’s economic development, including its climbing bond yields.
Meanwhile, the FBM Emas Index eased 1.03 points to 12,392.21 and the FBMT 100 Index declined 1.22 points to 12,045.66.
However, the FBM Ace rose 14.69 points to 6,417.31, the FBM Emas Shariah Index edged upward 6.96 points to 12,846.22 and the FBM 70 advanced 26.14 points to 15,370.65.
Sector-wise, the Finance Index improved 11.68 points to 15,950.4, the Plantation Index decreased 41.45 points to 7,870.54 and the Industrial Index trimmed 9.54 points to 3,114.55.
On the broader market, losers outpaced gainers 356 to 293, while 316 counters remained unchanged with 908 untraded and 38 others suspended.
Turnover stood at 633.61 million shares worth RM363.82 million.
Among heavyweights, Maybank perked five sen to RM9.20 and Tenaga added two sen to RM14.84, but Petronas Chemicals fell five sen to RM7.30, while both Public Bank and Sime Darby were flat at RM20.32 and RM8.94 respectively.
Among actives, China Stationery slipped half-a-sen to five sen, but DGB Asia gained half-a-sen to 15 sen. — Bernama
