Weaker sentiment weigh on Bursa Malaysia at midday

Weaker sentiment weigh on Bursa Malaysia at midday

KUALA LUMPUR: The weak market sentiment took a toll on Bursa Malaysia at midday today, with the benchmark index ending the morning trading session almost flat. 

At 12.30 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.44 of-a-point to 1,397.94 from Thursday’s close of 1,397.50.   

The benchmark index, which opened 2.21 points easier at 1,395.29, moved between 1,390.41 and 1,398.33 throughout the session.  

 On the broader market, decliners outpaced advancers 503 to 210, while 355 counters were unchanged, 1,315 untraded and 37 others suspended.

Turnover stood at 929.54 million units worth RM678.51 million. 

Among the heavyweights, Maybank and IHH Healthcare added two sen each to RM8.58 and RM5.94, respectively, while Public Bank and Petronas Chemicals both rose by one sen to RM4.21 and RM8.40, respectively.

CIMB was flat at RM5.15, and TNB dipped 13 sen to RM8.12.

Of the actives, Top Glove increased 1.5 sen to 60 sen, Green Ocean edged up half-a-sen to 1.5 sen, PT Resources and Widad were flat at 43.5 sen and 36 sen, respectively, while Harvest Miracle declined 1.5 sen to 10.5 sen and Bina Puri edged down half-a-sen to three sen. 

On the index board, the FBM Emas Index decreased 7.93 points to 9,973.51, the FBM 70 dwindled 31.62 points to 12,123.96, and the FBMT 100 Index gave up 3.74 points to 9,731.37. .  

The FBM Emas Shariah Index went down 21.29 points to 10,020.56, and the FBM ACE fell 14.86 points to 4,645.19.     

Sector-wise, the Energy Index lessened 6.88 points to 664.62, the Plantation Index weakened 7.57 points to 6,496.93, the Financial Services Index advanced 20.87 points to 15,903.21, and the Industrial Products and Services Index inched down 0.12 of-a-point to 169.85.