KL shares open mixed in early trade

By BERNAMA

Markets Morning Opening Bursa Malaysia inside story 01The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged down this morning on selective trading as traders remained on sidelines.

At 9.15 am, the key index stood at 1,621.97, down 3.24 points from Friday’s  1,625.21 points. The index opened 2.08 points higher at 1,627.29 at 9.00am.

The market was closed yesterday for the Thaipusam holiday.

On the broader market, losers outpaced gainers 223 to 130, with 193 counters unchanged, 1,215 counters untraded and 32 others were suspended.

“Sentiment remains cautious as oil prices resumed its decline to rekindle concerns over global economic growth,” said a dealer.

On the scoreboard, the FBM Emas Index lost 19.13 points to 11,312.39, the FBMT100 Index declined 18.01 points to 11,012.14 and the FBM Emas Shariah Index shed 10.33 points to 12,221.04.

The FBM 70 eased6.30 points to 12,680.81, the FBM Ace dipped 27.14 points to 5,940.90, while on a sectorial basis, the Industrial Index declined 6.04 points to 3,140.38 and the Finance Index trimmed 32.89 points to 13.596.62.

The Plantation Index bucked the trend, appreciating 22.69 points to  7,481.49.

Among heavyweights, Maybank and Petronas Chemicals gained 2 sen each to RM8.33 and RM6.92, respectively, Tenaga edged down two sen to RM12.78 while Public Bank declined 14 sen to RM18.06.

Actively traded stocks this morning included Compugates, TMS, Priceworth, DPS and RGB.