KUALA LUMPUR, Jan 10 — Bursa Malaysia turned lower at mid-morning today as traders booked profit from the recent rally, dealers said.
At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,825.65, down 1.3 points from yesterday’s close of 1,826.95, after opening 1.95 points better at 1,828.9.
A dealer said the inability of the market to go higher than 1,840.15 seemed to signify that all of the aggressive potential buyers had already jumped in and there was no new buying support to carry the market higher on an immediate basis.
“This had somehow created a concern of profit taking pressure which saw the market slipping back below the 1,830 level to a low of 1,823.52. Following the down close on Jan 9, we should see selling attempt again with immediate support at 1,813,” he added.
The FBM Emas Index was 3.561 points lower at 13,266.77, the FBMT 100 Index fell 7.25 points to 12,896.52 and the FBM 70 slid 2.85 points to 16,714.07.
The FBM Emas Shariah Index increased 6.47 points to 13,778.21 and the FBM Ace chalked-up 47.44 points to 7,057.1.
Sector-wise, the Finance Index increased 7.84 points to 17,156.14, while the Industrial Index gained 5.74 points to 3,418.41 and the Plantation Index improved 24.43 points to 8,119.16.
Overall market breadth was bullish as gainers led losers 462 to 374, while 375 counters were unchanged, 592 untraded and 20 others suspended.
Turnover stood at 2.35 billion shares worth RM1.1 billion.
Among heavyweights, Maybank, Public Bank and CIMB were flat at RM9.83, RM20.82 and R M6.75 respectively.
TNB lost four sen to RM15.84 while Petronas Chemicals added three sen to RM8.17.
Of the actives, UMW O&G added 2.5 sen to 45 sen, Sumatec gained one sen to 7.5 sen, Sapura Energy increased two sen to 95.5 sen and Hibiscus garnered three sen to RM1.09.
Borneo Oil was flat at 9.5 sen. — Bernama
