KUALA LUMPUR (July 5): A dearth of catalysts kept Bursa Malaysia lower at midday. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 5.7 points to 1,527.65 at 12.30 p.m., from a close of 1,533.35 on Friday.
During the morning session, the market bellwether opened 0.69 of a point higher at 1,534.04 and traded between 1,526.02 and 1,535.88.
Losers outnumbered gainers 490 to 437 on the broader market, with 360 counters unchanged, 886 untraded, and nine others suspended.
Despite the cautious tone, the FBM KLCI remained lackluster, according to Rakuten Trade.
“In the lack of clear buying catalysts, we believe the index’s performance will remain modest today, and we expect it to remain trapped inside the 1,530-1,540 range witnessed since end-June,” it added.
Petronas Chemicals Group Bhd was up three sen to RM8.10, Tenaga Nasional Bhd was up one sen to RM9.74, Malayan Banking Bhd was unchanged at RM8.11, Public Bank Bhd was down two sen to RM4.09, IHH Healthcare Bhd was down three sen to RM5.58, CIMB Group Holdings Bhd was down two sen to RM4.62, and Hong Leong Bank Bhd was down
Serba Dinamik Holdings Bhd increased by 10 sen to 48.5 sen, Kumpulan Jetson Bhd increased by 5.5 sen to 42 sen, Pasukhas Group Bhd increased by one sen to 29.5 sen, Sarawak Consolidated Industries Bhd increased by 3.5 sen to 84.5 sen, and Metronic Global Bhd remained unchanged at 7.5 sen among the actives.
The FBM Emas Index dropped 36.62 points to 11,124.29, the FBMT 100 Index dropped 38.86 points to 10,834.56, the FBM Emas Shariah Index dropped 36.27 points to 12,139.84, the FBM ACE surged 41.5 points to 7,252.71, and the FBM 70 fell 45.5 points to 14,404.78 on the index board.
The Financial Services Index down 60.12 points to 15,067.33, the Industrial Products and Services Index up 0.52 points to 187.45, and the Plantation Index fell 60.66 points to 6,355.16./n
