Bursa broadly in the red at mid-day

KUALA LUMPUR, Feb 9 — Bursa Malaysia ended the morning session in the red territory across-the-board today on bearish sentiment, tracking the global selloffs following another day of Wall Street losses, dealers said.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,823.58 points, down 0.86 per cent or 15.86 points from yesterday's close of 1,839.44.

The benchmark index moved between 1,806.25 and 1,824.11 throughout the morning session after opening 32.63 points weaker at 1,806.81.

On the broader market, losers led gainers 905 to 130, while 242 counters were unchanged, 581 untraded and 31 others suspended.

Turnover stood at 1.47 billion shares worth RM1.24 billion.

The Japan’s Nikkei 225 was trading at 2.62 per cent lower, as the Hong Kong Hang Seng Index down 3.33 per cent and the Singapore Straits Times Index fell 1.53 per cent.

A dealer said the correction on Wall Street emanated from worries among investors over rising inflation as the US economy strengthened, and the likelihood that the US Federal Reserve might raise interest rates faster to a higher level than what they had expected.

The Standard & Poor's 500 Index was down 3.75 per cent and the Dow Jones Industrial Average lost 4.15 per cent.

Of the heavyweights, Maybank and Public Bank fell six sen each to RM10.02 and RM21.92, respectively, Tenaga lost 10 sen to RM15.70 and CIMB reduced 12 sen to RM6.98.

Topping the losers, Panasonic Manufacturing Malaysia lost 80 sen to RM33.70, Petronas Gas fell 50 sen to RM17.50 and Ajinomoto eased 34 sen to RM19.60.

For the most active counters, Naim Indah and Fintech Global eased one sen each to four sen and 13 sen, respectively, while Borneo Oil was flat at eight sen.

The FBM Emas Index erased 113.03 points to 12,992.50, the FBMT 100 Index fell 102.85 points to 12,721.21 and the FBM 70 shed 102.67 points to 15,949.76.

The FBM Emas Shariah Index dipped 114.20 points to 13,264.77 and the FBM Ace contracted 162.89 points to 6,036.94.

Sectorwise, the Finance Index was 130.48 points lower at 17,533.12, the Industrial Index dipped 48.78 points to 3,221.58 and the Plantation Index slid 36.86 points to 7,931.67. — Bernama

Related Articles

Up Next