Bursa Malaysia Lower At Mid-Morning, Weighed Down By Banking, Property Counters
KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia stayed lower at mid-morning, weighed down by selling pressure in selected heavyweight stocks, particularly banking and property counters, while gains in plantation and energy stocks helped limit the downside.
At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 23.63 points, or 1.38 per cent, to 1,689.02 from Friday’s close of 1,712.65.
The benchmark index had opened 10.57 points weaker at 1,702.08.
Market breadth was negative with losers thumping gainers 810 to 302, while 317 counters were unchanged, 1,313 untraded and 13 suspended.
Turnover amounted to 1.58 billion units worth RM1.38 billion.
Among the heavyweights, Maybank fell 26 sen to RM11.20, Public Bank lost 16 sen to RM4.64, CIMB went down 25 sen to RM7.45, and IHH Healthcare dropped 15 sen to RM8.90. Tenaga Nasional, meanwhile, gained six sen to RM14.16.
On the most active list, Top Glove rose five sen to 62 sen, Sunway Healthcare slid 11 sen to RM2.26, Hartalega gained 16 sen to RM1.16, and Zetrix AI weakened half a sen to 73 sen.
Among the top gainers, Nestle surged 92 sen to RM99.98, Batu Kawan added 82 sen to RM20.58, Kuala Lumpur Kepong increased 60 sen to RM20.72, and Press Metal improved 49 sen to 8.10.
As for the top losers, Fraser & Neave erased 76 sen to RM30.00, Hong Leong Financial slid 46 sen to RM18.94, Malaysian Pacific declined 44 sen to RM28.56, and Malayan Cement retreated 41 sen to RM5.89.
On the index board, the FBM Top 100 Index shrank 171.58 points to 12,165.92, the FBM Emas Index gave up 171.33 points to 12,293.93, the FBM Emas Shariah Index reduced 80.06 points to 12,192.13, the FBM 70 Index shaved 243.52 points to 16,855.27, and the FBM ACE Index eased 92.03 points to 4,235.42.
By sector, the Financial Services Index trimmed 512.81 points to 19,814.69, while the Industrial Products and Services Index advanced 2.04 points to 184.93, the Plantation Index strengthened 215.30 points to 8,920.27, and the Energy Index inched up 3.42 points to 801.71.
-- BERNAMA