Share prices on Bursa Malaysia ended the morning session lower today, led by the manufacturing and services sectors following weak data from China, dealers said.
At 12.30pm, the 30-stock index was 7.71 points lower at 1,484.18, after opening 7.76 points lower at 1,484.13, as continuous selling pressure pulled the index into negative territory.
Dealers said China's purchasing managers index for October, a key indicator of manufacturing activity, declined for the first time in three months.
It fell to 50.4 in October from 51.2, reflecting the slow pace of China's manufacturing expansion.
HwangDBS Vickers said the weakness became more pronounced with investors cautious over weak leads from European markets.
Greek Prime Minister George Papandreou has pledged to put the European Union's agreement on financing for Greece to a referendum.
"We expect the benchmark FBM KLCI to not be spared the bearish external sentiment. The index should come under selling pressure today, possibly retreating towards its immediate support level of 1,475," the research house said.
Meanwhile, volume stood at 584.83 million shares worth RM501.87 million, with losers leading gainers 394 to 193 with 241 others unchanged and 642 untraded.
The Finance Index fell 42.91 points to 13,451.29, the Plantation Index declined 26.82 points to 7,538.48 and the Industrial Index lost 11.53 points to 2,714.11.
The FBM Emas Index decreased 54.21 points to 10,115.11, the FBM Mid 70 Index fell 73.72 points to 10,881.46 and the FBM Ace Index declined 0.37 of a point to 4,031.07.
Among the active stocks, Maxbiz gained four sen to 13 sen, MBSB-Wa rose three sen to 93.5 sen and GPRO added four sen to 23 sen.
Among the heavyweights, Maybank increased one sen to RM8.37, CIMB fell nine sen to RM7.84 and Sime Darby decreased four sen to RM8.86. -- Bernama
At 12.30pm, the 30-stock index was 7.71 points lower at 1,484.18, after opening 7.76 points lower at 1,484.13, as continuous selling pressure pulled the index into negative territory.
Dealers said China's purchasing managers index for October, a key indicator of manufacturing activity, declined for the first time in three months.
It fell to 50.4 in October from 51.2, reflecting the slow pace of China's manufacturing expansion.
HwangDBS Vickers said the weakness became more pronounced with investors cautious over weak leads from European markets.
Greek Prime Minister George Papandreou has pledged to put the European Union's agreement on financing for Greece to a referendum.
"We expect the benchmark FBM KLCI to not be spared the bearish external sentiment. The index should come under selling pressure today, possibly retreating towards its immediate support level of 1,475," the research house said.
Meanwhile, volume stood at 584.83 million shares worth RM501.87 million, with losers leading gainers 394 to 193 with 241 others unchanged and 642 untraded.
The Finance Index fell 42.91 points to 13,451.29, the Plantation Index declined 26.82 points to 7,538.48 and the Industrial Index lost 11.53 points to 2,714.11.
The FBM Emas Index decreased 54.21 points to 10,115.11, the FBM Mid 70 Index fell 73.72 points to 10,881.46 and the FBM Ace Index declined 0.37 of a point to 4,031.07.
Among the active stocks, Maxbiz gained four sen to 13 sen, MBSB-Wa rose three sen to 93.5 sen and GPRO added four sen to 23 sen.
Among the heavyweights, Maybank increased one sen to RM8.37, CIMB fell nine sen to RM7.84 and Sime Darby decreased four sen to RM8.86. -- Bernama
