Bursa Malaysia Still In Negative Territory At Mid-Morning

KUALA LUMPUR, July 16 (Bernama) -- Bursa Malaysia remained in negative territory at mid-morning, dragged down by persistent selling in selected heavyweight counters, led by the financial sector.

At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.17 points to 1,521.23 from Tuesday’s close of 1,525.40. The benchmark index opened 1.63 points lower at 1,523.77.

Market breadth was negative, with 477 decliners outpacing 269 advancers, while 391 counters were unchanged, 1,308 untraded, and eight suspended.

Turnover stood at 1.55 billion shares worth RM685.25 million.

Among the heavyweights, Maybank fell five sen to RM9.60, CIMB lost four sen to RM6.59, and Public Bank slipped two sen to RM4.24. However, SD Guthrie gained four sen to RM4.79, and Axiata went up three sen to RM2.53.

In active trade, NexG and Nationgate rose one sen each to 48.5 sen and RM1.50, respectively, Zetrix AI improved two sen to 95 sen, Green Ocean added half-a-sen to 13 sen, while TWL was flat at 2.5 sen.

On the broader index board, the FBM Emas Index slid 36.02 points to 11,440.06, the FBMT 100 Index sank 36.35 points to 11,201.26, and the FBM Emas Shariah Index declined 24.14 points to 11,459.04.

The FBM 70 Index dropped 78.52 points to 16,6009.88, while the FBM ACE Index eased 8.31 points to 4,579.31.

By sector, the Industrial Products and Services Index inched down 0.31 of a point to 153.08, the Financial Services Index dipped 94.35 points to 17,408.30, the Plantation Index reduced 9.13 points to 7,409.29, and the Energy Index trimmed 1.08 points to 737.84.

-- BERNAMA