Business

Bursa stays depressed after morning trade

KUALA LUMPUR, May 9 — Bursa Malaysia ended the morning session lower, weighed down by losses in key banking heavyweights, dealers said.

At lunch break, the benchmark index stood at 1,767.66, down 6.43 points from yesterday’s close. It had opened 0.21 points lower at 1,773.79 and hovered between 1,766.39 and 1,776.25.

A dealer said the benchmark index’s recent uptrend was temporarily halted by profit-taking, especially in key banking heavyweights, for investors to digest gains from the recent breakout rally on blue chips, while cheap small-caps and penny stocks attracted rotational play.

Among the banking heavyweights, CIMB lost 21 sen to RM8.36, Maybank fell 17 sen to RM9.99 and Public Bank shed 16 sen to RM16.60.

On the scoreboard, the Finance Index dived 160.34 points to 16,655.05.

 The Industrial Index rose 7.07 points to 2,927.85 and the Plantation Index jumped 76.15 points to 8,267.45.

The FBM Emas Index declined 6.86 points to 12,141.37, and the FBMT100 lost 13.40 points to 11,963.42.

The FBM Mid 70 Index soared 99.319 points to 13,655.60 and the FBM Ace Index improved 14.56 points to 4,147.81.

Gainers outpaced losers 400 to 211, with 273 counters unchanged, 717 untraded, and 32 others suspended.

Turnover was heavy at 1.33 billion shares worth RM1.12 billion.

Among actives, Malaysia Airlines added one sen to 35.5 sen, while Alam Maritim and Perisai Petroleum perked six sen each to RM1.17 and RM1.33 respectively.

Scomi slipped half-a-sen to 38 sen while Luster Industries was unchanged at 9.5 sen.

For the heavyweights, Axiata slipped one sen to RM6.98, Petronas Chemicals was down four sen to RM6.56, Tenaga dropped three sen to RM8.26 and Petronas Gas shed six sen to RM20.44.

Sime Darby added three sen to RM9.48. — Bernama

 

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