Bursa in the red at mid-afternoon

KUALA LUMPUR, Jan 26 — Some mild selling in selected heavyweights, mainly finance and trade and services related stocks, kept Bursa Malaysia in the red at mid-afternoon, a dealer said.

At 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 0.61 of-a-point to 1,845.25 from yesterday’s close of 1,845.86. It opened 1.91 points lower at 1,843.95.

Market breadth was negative with 562 losers against 290 gainers, while 410 counters were unchanged, 604 untraded and 48 others suspended.

Turnover stood at 1.79 billion shares worth RM1.15 billion.

Among the finance-related stocks on Bursa Malaysia, Hong Leong lost 10 sen to RM18.04, CIMB was flat at RM7.02, Maybank rose two sen to RM10.02, while Public Bank was 12 sen higher at RM21.32.

Of the actives, Sumatec Resources fell half-a-sen to 10 sen, PUC lost 2.5 sen to 24.5 sen, AirAsia X rose one sen to 40.5 sen and Orion IXL slid two sen to 16 sen.

The FBM Emas Index fell 19.30 points to 13,316.97, the FBMT100 Index declined 16.02 points to 12,989.22 and the FBM Emas Shariah Index depreciated 35.66 points to 13,682.15.

The FBM 70 eased 59.96 points to 16,681.18 and the FBM Ace was 7.66 points weaker at 6,686.66.

Sectorwise, the Finance Index rose 17.86 points to 17,574.36 and the Industrial Index eased 3.90 points to 3,359.42, as the Plantation Index inched down 11.03 points to 8,050.20. — Bernama