KL shares open lower

By BERNAMA

Markets Morning Opening Bursa Malaysia inside story 01Bursa Malaysia opened lower this morning as tumbling oil prices continued to dampen energy counters and market sentiment, said a dealer.

At 9.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.56 points easier at 1,617.27 against Wednesday’s close of 1,618.83 points.

Losers outpaced gainers 151 to 113 with 163 counters unchanged, 1,324 untraded and 21 others were suspended.

Turnover amounted to 89 million shares worth RM30.17 million.

Sentiment on the local bourse, including regional markets, remained subdued, hit by oil price which fell below US$27 a barrel on Wednesday for the first time since 2003.

Leading the top losers list this morning were Lay Hong and Petronas Dagangan which gave up 42 sen each to RM7.68 and RM23.40, respectively.

KLK reduced 16 sen to RM22.64 and Hong Leong shed 16 sen to RM12.84.

Heavyweights, Maybank shed 1 sen to RM8.27, Petronas Chemicals lost 3 sen to RM6.90, Axiata trimmed 4 sen to RM6.10 but TNB gained 6 sen to RM12.94 and Public Bank increased 2 sen to RM18.16.

Among actives, Berjaya added 4 sen to 38 sen while AirAsia X, Red Sena and Trive Property remained unchanged at 19.5 sen, 38 sen and 4 sen, respectively.

On the scoreboard, the FBM Emas Index was 9.91 points lower at 11,309.05, the FBMT100 Index decreased 13.24 points to 10,995.74 and the FBM Emas Shariah Index slipped 18.01 points to 12,243.40.

The FBM Ace improved 21.08 points to 6,016.14 but the FBM 70 was 24.89 points lower at 12,717.62.

On a sectoral basis, the Finance Index gave up 27.27 points to 13,542.89. However, the Plantation Index rose 8.96 points to 7,461.73 and the Industrial Index lost 13.49 points to 3,109.71.