BURSA MALAYSIA LOWER IN EARLY SESSION
KUALA LUMPUR, Feb 16 (Bernama) -- Bursa Malaysia opened lower today as
investors were cautious ahead of the release of Malaysia's 2016 full-year Gross
Domestic Product (GDP) data at noon.
At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood
at 1,707.57, down 2.22 points, from Wednesday's close of 1,709.79.
The index opened 2.18 points lower at 1,707.61.
However, market breadth was positive, with gainers outpacing losers 125 to
74 while 198 counters were unchanged, 1,324 untraded and 23 others were
suspended.
Turnover tood at 97.82 million shares worth RM37.01 million.
RAM Rating Services Bhd has estimated the country's economy to clock in
at 4.2 per cent for 2016, with resilience underpinned by domestic demand.
It also forecast the country's GDP to grow by 4.5 per cent for 2017.
Among heavyweights, Petronas Chemicals fell six sen to RM7.15, Maxis lost
two sen to RM6.39, Maybank gained one sen to RM8.38 while Public Bank and
Tenaga remained unchanged at RM7.79 and RM7.60, respectively.
Of actives, Sterling Progress shed one sen to 20.5 sen, Dagangan
Nexchange rose 2.5 sen to 31 sen while Encorp and Iris remained flat at 62
sen and 13.5 sen, respectively.
The FBM Emas Index eased 11.15 points to 12,026.40, the FBMT100 Index
declined 12.74 points to 11,703.56 and the FBM 70 shed 5.64 points to 13,886.28.
The FBM Emas Shariah Index added 9.87 points to 12,559.90 and the FBM Ace
was 26.11 points better at 5,321.27.
Sector-wise, the Finance Index gave up 52.51 points to 15,071.67 while the
Plantation Index rose 8.44 points to 8,209.64 and the Industrial Index advanced
9.43 points to 3,283.42.
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