KUALA LUMPUR, May 7 — Bursa Malaysia remained in the red at mid-morning today on persistent across-the-board selling as investors remained risk averse, ahead of the 14th General Elections on May 9.
At 11.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was at 1,829.72, down by 12.11 points from last Friday’s close of 1,841.83.
The index opened 0.73-of-a-point higher at 1,842.56.
Market breadth was negative with losers outpacing gainers by 624 to 115, while 279 counters were unchanged, 843 untraded and 15 others suspended.
Volume stood at 81.10 million units valued at RM43.73 million.
Among heavyweights, Maybank slipped four sen to RM10.58, Public Bank eased 12 sen to RM23.68, Tenaga lost eight sen to RM16.00 and CIMB was seven sen lower at RM6.70, while Petronas Chemicals improved two sen to RM8.47.
For actives, Borneo Oil, Nexgram and Maxwell were unchanged at eight sen, 6.5 sen and one sen respectively, while Sapura Energy and Sumatec inched down half-a- sen each to 65 sen and four sen.
Nestle led the top losers list by easing 50 sen to RM135.30, Hong Leong Bank slid 26 sen to RM18.34, Mercury was 25 sen easier at RM1.21, while Petronas Dagangan and Ayer Holdings each dropped 24 sen to RM26.56 and RM5.5.
The FBM Emas Index retreated 88.19 points to 12,771.10, the FBMT 100 Index decreased 82.97 points to 12,586.36 and the FBM Emas Shariah Index declined 94.18 points to 12,993.26, as the FBM Ace dipped 125.47 points to 5,102.70 and the FBM 70 lost 99.02 points to 15,179.86.
Sector-wise, the Industrial Index slipped 22.40 points to 3,182.63, the Finance Index was 120.64 points weaker at 17,828.74, and the Plantation Index gave up 55.02 points to 7,850.69. — Bernama
