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Bursa Malaysia opens lower in early trade
Last update: 17/04/2018

KUALA LUMPUR, April 17 (Bernama) -- Bursa Malaysia†opened†lower†this morning after having closed at an intra-day high yesterday and as market sentiment remained cautious ahead of China's Gross Domestic Product report to be released today.

At 9.05†am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.52 points lower at 1,873.24 from Monday's†close†of†1,878.76.

The index†opened 4.65 points weaker†at 1,874.11.

Market breadth was positive with 157 gainers as compared to 73 losers, while 164†counters were unchanged, 1,511†untraded and 27†others suspended.

Volume stood at 111.96 million units valued at RM48.15 million.

Bursa† Malaysia had announced yesterday that†Intraday Short Selling has been implemented†for all investors as part of†the exchange's strategy to boost market liquidity.

Among heavyweights,† KLCC†and IHH were both flat at RM7.25 and RM6.10 respectively, PPB added 24 sen to RM18.84, Digi.Com advanced four sen to RM4.58, while MISC down seven sen to RM6.97.

Among the losers, SimePLT†reduced 13 sen to RM5.51, Malpac†eased 11.5 sen to 98.5 sen, SPSetia†was down 11 sen to RM3.09 and TNB lost eight sen to RM15.86.

For actives, UMWOG†and SKH were both†flat at 31.5 sen and nine sen, SapNRG†lost half-a-sen to 76 sen, while INIX†gained†1.5 sen to nine sen.

The FBM Emas Index was 28.42 points lower at 13,154.46, the FBMT 100 Index slid†32.08†points to 12,946.27, the FBM Emas Shariah Index lost†36.34 points†to 13,362.81 and the†FBM 70 declined 18.42 points to 15,821.34.

But, the FBM Ace rose†38.19†points to 5,612.10.

Sector-wise, the Finance Index gave up†25.19 points for 18,291.92, the Industrial Index trimmed 4.06†points to 3,224.37†and†the Plantation Index dropped 34.62†points to 8,027.96.



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US 4.0530/0600
S'pore 2.9686/9748
100 Yen 3.5867/5939
Sterling 5.3131/3235
Euro 4.7238/7327
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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