Bursa Malaysia slips at midday as declining stocks outnumber gainers
The FBM KLCI lost 0.19 per cent, with turnover reaching 1.81 billion units worth RM1.04 billion.
Bursa Malaysia’s benchmark ended morning trade on Oct 23 at 1,605.09, down 3.05 points, or 0.19 per cent. Most regional markets also retreated after overnight losses on Wall Street.
The FTSE Bursa Malaysia KLCI (FBM KLCI) stood below Thursday’s closing level of 1,608.14 at 12.30 pm. It started trading at 1,607.63 and recorded a morning low of 1,604.63 and a high of 1,609.93.
Across the exchange, 537 counters declined and 345 advanced. Another 465 were unchanged, while 1,554 were untraded and 16 suspended. Trading volume totalled 1.81 billion units, valued at RM1.04 billion.
Heavyweight stocks were mixed. Public Bank gained one sen, reaching RM4.72, while SD Guthrie finished at RM5.76 after adding three sen. Maybank lost one sen, ending at RM9.96. CIMB closed at RM7.11 and TNB at RM13.20, each down four sen.
Among the leading gainers, Nestle rose 54 sen, reaching RM89.50. Allianz Malaysia ICPS was among the biggest decliners, losing 48 sen and ending at RM19.52.
The sector indices diverged: the Financial Services Index finished at 18,558.78 after losing 46.22 points, while the Plantation Index reached 8,674.43 following an 11.75-point gain.
