Bursa remains lower at mid-morning

KUALA LUMPUR, Feb 9 — Bursa Malaysia remained lower across-the-board at mid-morning today, tracking its regional peers on the back of the Wall Street drop overnight, dealers said.

At 11.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was trading at 1,187.55 points, down 21.89 points from yesterday's close of 1,839.44.

It opened 32.63 points weaker at 1,806.81.

On the broader market, losers led gainers 907 to 80, while 199 counters were unchanged, 672 untraded and 31 others suspended.

Turnover stood at 1.13 billion shares worth RM797.89 million.

Japan's Nikkei 25 were trading at 3.22 per cent lower, Hong Kong's Hang Seng Index down 4.29 per cent and Singapore's Straits Times Index fell 1.88 per cent.

Maybank Investment Bank Bhd said the local bourse is expected to have another round of sell-off today, adding that the easing oil prices could also weigh on sentiment.

“Trading could be choppy over the next one to two weeks as investors turned risk-off ahead of the Chinese New Year,” it said in a research note today.

Of the heavyweights, Maybank fell six sen to RM10.02, Tenaga eased 12 sen to RM15.68, Public Bank lost 16 sen to RM21.82, and CIMB gave up 10 sen to RM7.00.

Of the top active counters, Naim Indah fell one sen to four sen, Borneo Oil was flat at eight sen and AirAsia X declined 1.5 sen to 38.5 sen.

Of the losers, Panasonic Manufacturing Malaysia lost 50 sen to RM34.00, Ajinomoto eased 44 sen to RM19.50 and Hong Leong Bank gave up 40 sen to RM17.60.

The FBM Emas Index lost 157.83 points to 12,947.70, the FBMT 100 Index fell 146.68 points to 12,677.38 and the FBM 70 erased 163.43 points to 15,889.00.

The FBM Emas Shariah Index dipped 157.67 points to 13,221.30 and the FBM Ace decreased 189.02 points to 6,010.81.

Sectorwise, the Finance Index was 193.85 points lower at 17,469.75, the Industrial Index dipped 70.54 points to 3,199.82 and the Plantation Index shed 46.94 points to 7,921.59. — Bernama

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