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Bursa Malaysia Ends Morning Session Lower
Last update: 14/09/2017

KUALA LUMPUR, Sept 14†(Bernama) --Bursa Malaysia ended the morning session†in negative territory in line with†weaker†regional peers, as profit taking activity emerged in selected heavyweights, dealers said.

At 12.30 pm,†the key FTSE Bursa Malaysia KLCI†(FBM KLCI) declined 1.24†points to†1,784.83, after moving between 1,783.33†and 1,788.47†throughout the morning session.

It†opened 0.07†of-a-point higher†at 1,786.14 against Wednesday's close of 1,786.07.

Market breadth turned negative†as losers led gainers 404†to 339, with 333†counters unchanged, 757†untraded and 39†others†suspended.

Turnover stood at 1.06†billion shares worth RM712.63†million.

A dealer said most†Asian stocks retreated from earlier gains on†soft Chinese data, which was largely weaker than what markets had anticipated, with†investors also remaining cautious, ahead†of the†release of†US†inflation data†later today.

China released its†fixed-asset investment, factory output and retail sales data today, which turned out lower, reinforcing views that the world`s second-largest economy is gradually starting†to lose steam in the face of rising borrowing costs.

Among top losers, Globetronics Technology and Scientex slid†32†sen each to RM6.02 and RM9.48, respectively, British American Tobacco declined 28 sen to RM44.02, while Malaysian Pacific slipped 16 sen to RM13.80.

For the heavyweights, †Maybank†was flat at RM9.70, Public Bank rose two sen to RM20.60, Sime Darby went up one sen to RM9.15, while TNB fell two sen to RM14.56.

Among active counters, MMAG Holdings and Land & General advanced one sen each to 20.5 sen and 23 sen†respectively, while MLABS and Sino†Hua-An†earned half-a-sen each to 10.5 sen and 26 sen.

The FBM Emas Index†was 0.75 of-a-point higher at†12,709.20, the FBM 70 rose 28.96†points to 15,194.36, the FBMT 100 Index eased 0.67 of-a-point†to 12,369.90,†the†FBM Ace went down 33†points to 6,694.02†and the FBM Emas Shariah Index declined 7.82†points to 12,912.53.

Sector-wise, the Finance Index gained 25.40†points to 16,842.13,†the Plantation Index shed 25.28 points to†7,959.29†and†the Industrial Index rose 0.96†of-a-point†to 3,240.46.



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US 3.9960/4.0000
S'pore 2.9561/9592
100 Yen 3.6393/6440
Sterling 5.3011/3068
Euro 4.6489/6544
Source: Bank Negara Malaysia

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