Bursa Malaysia Ends Morning Session Lower, CI Down 0.64 Pct

KUALA LUMPUR, Jan 2 (Bernama) -- Bursa Malaysia ended the morning session on a negative note, amidst a lower purchasing managers’ index (PMI) for December and weak Wall Street performance. 

At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 10.57 points, or 0.64 per cent, to 1,631.76, compared with Tuesday’s close of 1,642.33.

The index had initially opened 1.01 points lower at 1,641.32 and moved from 1,631.13 to 1,641.32 during the session.

On the broader market, decliners outpaced gainers 505 to 365, while 508 counters were unchanged, 977 untraded, and 11 suspended. 

Turnover stood at 1.58 billion units worth RM871.99 million.

Rakuten Trade Sdn Bhd is confident that the 1,700-point threshold will be surpassed by the first half of 2025; it expects the benchmark index to hover within the 1,645-1,655 range today.

“The FBM KLCI maintained its uptrend to close above the 1,640 mark, a 13 per cent year-on-year gain. However, it is still way off our 2024 target of 1,750, due mainly to major foreign outflows in the fourth quarter of 2024,” it said in a note today. 

Among the heavyweights, CelcomDigi advanced three sen to RM3.65, MISC increased five sen to RM7.65, IHH Healthcare and SD Guthrie were flat at RM7.30 and RM4.95, respectively, while Maybank declined four sen to RM10.20. Public Bank shed three sen to RM4.53, CIMB dipped eight sen to RM8.12 and TNB lost 16 sen to RM14.78.

Of the active stocks, SNS Network appreciated 3.5 sen to 69.5 sen, Winstar Capital went up five sen to 68.5 sen, Metronic gained one sen to two sen, and Vanzo inched down half-a-sen to 21 sen.  

On the index board, the FBM Emas Index went down 54.59 points to 12,530.92, the FBM Emas Shariah Index decreased 44.98 points to 12,545.59, and the FBMT 100 Index shed 58.72 points to 12,207.24.  

The FBM 70 Index trimmed 15.0 points to 18,823.13, while the FBM ACE Index bounced 49.12 points to 5,429.56.  

By sector, the Plantation Index trimmed 19.21 points to 7,629.85, and the Industrial Products and Services Index slid 2.12 points to 174.33. The Financial Services Index tanked 111.29 points to 19,058.84, and the Energy Index improved by 7.59 points to 830.52. 

-- BERNAMA