KUALA LUMPUR, June 20 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened easier Tuesday tracking global bourses’ lacklustre performance on worries over China’s economy, dealers said.
At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.58 points to 1,384.75 from 1,387.33 at Monday’s close.
The key index opened 0.09 of a point easier at 1,387.24.
On the broader market, losers led gainers 145 to 94, while 203 counters were unchanged, 1,841 untraded and 16 others suspended.
Turnover was 160.59 million units worth RM63.15 million (US$1=RM4.64).
At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.58 points to 1,384.75 from 1,387.33 at Monday’s close.
The key index opened 0.09 of a point easier at 1,387.24.
On the broader market, losers led gainers 145 to 94, while 203 counters were unchanged, 1,841 untraded and 16 others suspended.
Turnover was 160.59 million units worth RM63.15 million.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street was closed on Monday (for a bank holiday) but a look at the futures showed that US equities may open on a weak note later today thus regional markets ended mostly in the red.
Over in Hong Kong, the Hang Seng Index slipped 127 points to below the 20,000 mark Monday as traders were becoming impatient that China would only offer limited stimulus to the financial market, he noted.
Back home, he said the FBM KLCI pared earlier losses to end marginally lower due to broad-based buying activities in the afternoon session following the Prime Minister’s announcement of a reform to revive the local stock market that included a cut in stamp duty for equities trading in a bid to enhance market vibrancy.
“We reckon the latest rate and ceiling are good attempts to enhance market participation.
“Whether this will positively reflect in the local bourse remains to be seen but we believe overall sentiment should be boosted somewhat from the move, thus we expect the index to trend between 1,385 and 1,395 today with some interests in the financial sector,” he commented.
Among the heavyweights, CIMB and IHH Healthcare fell four sen each to RM5.04 and RM5.88 respectively, Tenaga Nasional slipped six sen to RM9.16 while Maybank and Public Bank were flat at RM8.65 and RM3.87 respectively.
Of the actives, Sarawak Consolidated slid one sen to 41 sen, Classita and Top Glove warrant both eased half-a-sen each to 8.5 sen, TWL Holdings warrant added one sen to 1.5 sen and YTL slipped three sen to 93.5 sen.
On the index board, the FBM Emas Index was 15.84 points lower at 10,216.97, the FBMT 100 Index reduced 19.49 points to 9,911.60 the FBM Emas Shariah Index trimmed 12.10 points to 10,546.79, the FBM 70 Index declined 30.98 points to 13,518.10 while the FBM ACE Index edged up 0.78 of a point to 5,129.21.
Sector-wise, the Energy Index eased 0.05 points to 788.98 and the Industrial Products and Services Index gave up 0.08 points to 159.25, the Financial Services Index lost 13.60 points to 15,259.62 and the Plantation Index shed 3.42 points to 6,751.29.
— NNN-BERNAMA
