Share prices on Bursa Malaysia ended the morning session lower today on selling pressure after recent gains, led by Petronas Dagangan, dealers said.
At 12.30pm, the 30-stock index was 4.04 points lower at 1,477.78, pulled down mostly by loses in selected heavyweights, although it opened 2.84 points higher at 1,484.66 this morning.
They said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) moved in line with the weaker trend on key equity indices on Wall Street which closed between -0.1 per cent and +0.2 per cent.
HwangDBS Vickers said the markets possibly imply waning investor optimism on the European debt bailout plan, which thus far still lacks actionable details.
"Some investors are standing on the sidelines waiting for a fresh catalyst," it said, adding, the FBM KLCI's immediate support level is seen at 1,475.
The benchmark index has gained three per cent over the last four trading days, HwangDBS said.
Meanwhile, volume stood at 637.1 million shares worth RM526.3 million with losers leading gainers 334 to 261 with 263 others unchanged and 612 untraded.
The Finance Index fell 21.16 points to 13,399.43, the Plantation Index declined 6.71 points to 7,487.97 and the Industrial Index lost 10.12 points to 2,704.54.
The FBM Emas Index decreased 29.811 points to 10,087.55, the FBM Mid 70 Index fell 51.07 points to 10,908.58 and the FBM Ace Index declined 32.03 points to 4,040.92.
Among active stocks, JCY International rose four sen to 61 sen while Integrated Rubber Corp and Borneo Oil, was up 1.5 sen each to 20.5 sen and 42.5 sen respectively.
For the heavyweights, Maybank fell one sen to RM8.34 and Sime Darby fell five sen to RM8.85 but CIMB improved two sen to RM7.48. -- Bernama
At 12.30pm, the 30-stock index was 4.04 points lower at 1,477.78, pulled down mostly by loses in selected heavyweights, although it opened 2.84 points higher at 1,484.66 this morning.
They said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) moved in line with the weaker trend on key equity indices on Wall Street which closed between -0.1 per cent and +0.2 per cent.
HwangDBS Vickers said the markets possibly imply waning investor optimism on the European debt bailout plan, which thus far still lacks actionable details.
"Some investors are standing on the sidelines waiting for a fresh catalyst," it said, adding, the FBM KLCI's immediate support level is seen at 1,475.
The benchmark index has gained three per cent over the last four trading days, HwangDBS said.
Meanwhile, volume stood at 637.1 million shares worth RM526.3 million with losers leading gainers 334 to 261 with 263 others unchanged and 612 untraded.
The Finance Index fell 21.16 points to 13,399.43, the Plantation Index declined 6.71 points to 7,487.97 and the Industrial Index lost 10.12 points to 2,704.54.
The FBM Emas Index decreased 29.811 points to 10,087.55, the FBM Mid 70 Index fell 51.07 points to 10,908.58 and the FBM Ace Index declined 32.03 points to 4,040.92.
Among active stocks, JCY International rose four sen to 61 sen while Integrated Rubber Corp and Borneo Oil, was up 1.5 sen each to 20.5 sen and 42.5 sen respectively.
For the heavyweights, Maybank fell one sen to RM8.34 and Sime Darby fell five sen to RM8.85 but CIMB improved two sen to RM7.48. -- Bernama
