FBM KLCI falls 10.70 points in early trade after higher opening
Gainers outnumbered losers 299 to 223, with turnover at RM220.76 million as trading resumed after the Deepavali holiday.
The FTSE Bursa Malaysia KLCI (FBM KLCI) reversed its opening gains on Nov 10, declining 10.70 points to 1,605.88 at 9.15 am. The benchmark had started at 1,626.55, up 9.97 points from the previous Friday’s closing level of 1,616.58.
The broader market nevertheless recorded more advances than declines, with 299 gainers against 223 losers. Another 322 counters were unchanged, while 1,929 were untraded and 12 suspended. Trading volume reached 303.96 million units, valued at RM220.76 million.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng attributed Wall Street’s firm performance to lower crude oil prices and increased optimism about a possible resolution to the US-Iran conflict. Investors remained cautious while awaiting a clearer near-term outlook, he said.
Among heavyweight stocks, Public Bank fell 15 sen to RM4.75 and Tenaga Nasional declined eight sen to RM12.96. CIMB eased one sen to RM7.05, while IHH Healthcare advanced one sen to RM7.71. Maybank held at RM10.12.
Malaysian Pacific Industries rose 78 sen to RM36.98, while Nestle gained 66 sen to RM94.02. Mega Fortris declined 30 sen to RM1.10. YTL Power and Hengyuan Refining each fell 22 sen, ending at RM4.79 and RM2.70 respectively.
The FBM ACE Index advanced 28.99 points to 5,269.23 despite the benchmark’s decline. The Financial Services Index dropped 134.20 points to 18,822.86, while the Energy Index lost 8.12 points to 786.74.
