KL shares dip at mid-afternoon
KUALA LUMPUR, Oct 11 — Bursa Malaysia trended lower at mid-afternoon today, as selling in bluechips led by Genting and telecommunication stocks continued to drag down the barometer index, dealers said.
At 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.92 points lower at 1,755.21 after opening 0.01 of a point easier at 1,761.12 from yesterday’s close of 1,761.13.
On the broader market, losers outpaced gainers 402 to 349, with 402 counters unchanged, 698 counters untraded and 19 others suspended.
Turnover stood at 1.98 billion shares worth RM1.17 billion.
The composite index was mainly weighed down by Digi, Genting Malaysia, Maxis and Genting with a combined three points.
Digi slipped 12 sen to RM4.86, Genting Malaysia fell nine sen to RM5.27, Maxis lost five sen to RM5.85 and Genting reduced 10 sen to RM9.53.
Of the heavyweights, Sime Darby shed two sen to RM9.12, Petronas Chemicals eased one sen to RM7.33, while Maybank, TNB and Public Bank were flat at RM9.54, RM14.24 and RM20.56 respectively.
Among active counters, Key Asic added 10 sen to 26.5 sen, Hibiscus Petroleum bagged 2.5 sen to 74 sen, Diversified Gateway added half-a-sen to four sen, while MTouche Technology warrant and Tiger Synergy were flat at half-a-sen and 4.5 sen respectively.
The FBM Emas Index declined 22.32 points to 12,564.59, the FBMT 100 Index slipped 26.07 points to 12,209.70, the FBM Emas Shariah Index lost 27.95 points to 12,849.92 and the FBM Ace slid 5.84 points to 6,791.63.
The FBM 70 rose 23.99 points to 15,168.47.
Sectorwise, the Finance Index eased 0.68 of a point to 16,500.21, the Industrial Index lost 7.25 points to 3,220.76, while the Plantation Index was up 1.55 points to 7,939.86. — Bernama
Source: The Malay Mail Online