Bursa Malaysia remained in negative
territory at mid-afternoon today, with investors taking profit, while
awaiting US Federal Reserve Chair Janet Yellen's congressional testimony on
interest rate increases today and tomorrow.
At 3 pm, the benchmark FBM KLCI was 2.3 points lower at 1,707.94 from
Monday's close of 1,710.24.
The index opened 0.27 of-a-point lower at 1,709.97.
On the broader market, decliners outpaced gainers 477 to 317, with 363
counters unchanged, 538 untraded and 15 others suspended.
Turnover stood at 1.46 billion shares worth RM1.31 billion.
A dealer said profit-taking in heavyweights stocks continued to drag down
the market after the FBM KLCI broke the 1,700-point level yesterday.
"At the same time, investors are also awaiting clearer direction from Yellen
on the interest rate increases, as some analysts forecast that there would be at
least three, rather than two rate for this year," he added.
Of the heavyweights, Maybank, Petronas Chemicals and IHH Healthcare lost
three sen each to RM8.32, RM7.19 and RM6.22 respectively, Public Bank shed two
sen to RM20.20 and Tenaga fell 16 sen to RM13.50.
Among the actives, Sterling Progress, Hibiscus Petroleum and Borneo Oil slid
half-a-sen each to 21 sen, 53.5 sen and 17 sen, and Hubline inched down one sen
to 14 sen.
The FBM Emas Index eased 12.53 points to 12,019.75, FBMT100 Index was 11.16
points lower at 11,699.56 and the FBM Emas Shariah Index declined 7.48 points to
12,545.88.
However, the FBM70 gained 4.38 points to 13,856.66 and the FBM Ace added
6.37 points to 5,314.97.
On a sectoral basis, the Finance Index slipped 2.79 points to 15,088.60, but
the Plantation Index improved 4.42 points to 8,242.95 and the Industrial Index
advanced 10.66 points to 3,271.59.
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