KUALA LUMPUR: Bursa Malaysia was marginally decrease in early commerce on gentle profit-taking led by utilities and industrial services counters.
At 9.08am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.49 of some extent simpler at 1,592.20 from Thursday’s shut of 1,592.69.
The benchmark index opened 0.72 of some extent increased at 1,593.41.
On the broader market, decliners outpaced gainers 207 to 188, with 304 counters unchanged, 1,738 untraded and 24 others suspended.
Turnover stood at 336.37 million items price RM145.05 million.
Rakuten Trade Sdn Bhd fairness analysis vice-president Thong Pak Leng stated the FBM KLCI continued with its correction and dipped additional beneath the 1,600 factors stage on persistent selling from foreign funds.
“We imagine bargain-hunting actions ought to emerge anytime quickly as a swift rebound above the 1,600 mark is critical to take care of the (current) uptrend. Therefore, we count on the index to hover on the 1,595-1,605 vary in the present day,” he advised eNM.
Meanwhile, it was a blended Wall Street efficiency in a single day with the S&P 500 touching a brand new report excessive earlier than easing into damaging territory following weaker than anticipated financial knowledge, coupled with a better than estimated weekly jobless claims. The Dow Jones Industrial Average gained 300 factors whereas the Nasdaq misplaced 140 factors because the US 10-year Treasury yield inched marginally increased at 4.26 per cent.
Over in Hong Kong, the Hang Seng Index closed barely decrease yesterday following the declining Chinese yuan which touched a seven-month low as China saved charges intact.
On Bursa Malaysia, heavyweights YTL Power International slid 4.0 sen to RM5.01, Petronas Gas dipped 20 sen to RM17.79 and Press Metal Aluminium was 1.0 sen decrease at RM5.79. Petronas Chemicals eased 3.0 sen to RM6.49 and Nestle gave up 90 sen to RM123.10.
Of essentially the most lively counters, Ingenieur Gudang recovered half-a-sen to 7.0 sen, Agricore CS rallied 35.5 sen to 85.5 sen and ATA IMS added 3.5 sen to 56.5 sen. Siab decreased by 1.5 sen to 12.5 sen and WCT rose 3.0 sen to 79.5 sen.
Nestle led the highest decliners listing, adopted by Dutch Lady Milk Industries which decreased 60 sen to RM36.20. Petronas Gas fell 20 sen to RM17.62, Pentamaster shed 12 sen to RM4.93 and Paragon declined 11 sen to RM3.50.
Agricore CS topped the gainers listing, adopted by United Plantations which added 16 sen to RM23.96. Master-Pack grew 11 sen to RM4.20, AEON Credit gained 9.0 sen to RM7.64 and Genting climbed 8.0 sen to RM4.77.
On the index board, the FBM Emas Index dipped 4.67 factors to 12,238.68, the FBMT 100 Index gave up 6.13 factors to 11,815.55 and the FBM Emas Shariah Index slid 8.64 factors to 12,580.80. The FBM 70 Index dropped 19.42 factors to 17,869.98 and the FBM ACE Index dipped 17.50 factors to five,736.54.
Sector-wise, the Financial Services Index sank 22.52 factors to 17,396.88, the Industrial Products and Services Index eased 0.38 of-a-point to 197.09 and the Energy Index slid 2.37 factors to 971.04.
The Plantation Index weakened by 12.33 factors to six,995.65.
