Share prices on Bursa Malaysia remained in the red at the end of the morning session today on investors' reluctance to take heavy positions ahead of the third-quarter gross domestic product growth announcement today, dealers said.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.86 points to 1,462.61 with losses mostly seen in Petronas Chemicals, which accounted for 1.056 points of the FBM KLCI losses.
The Finance Index dropped 55.82 points to 13,018.06, Industrial Index slipped 6.08 points to 2,692.61 and the Plantation Index fell 43.52 points to 7,671.64.
The FBM Emas Index declined 23.92 points to 10,037.1, FBM Mid 70 Index decreased 31.82 points to 10,974.93 and the FBM ACE Index dwindled 39.21 points to 4,227.24.
Losers outnumbered gainers by 471 to 164 while 248 counters were unchanged, 604 not traded and 32 other suspended. Turnover stood at 763.766 million shares worth RM562.011 million.
Maybank Investment Bank, in its research note here today, said that the resistance areas of 1,465 and 1,488 will cap market gains, while the weaker support areas may be located at 1,433 and 1,460.
"Due to the US markets’ very poor tone last night, we may see another downward day for the index. Profit-taking and liquidation would take place ahead of the weekend," it said.
Of the actives, Frontkn shed half sen to 13.5 sen, Compugates was unchanged at eight sen and Frontkn-WA lost one sen to nine sen.
In heavyweights, Maybank declined six sen to RM8.24, Petronas Chemicals slipped seven sen to RM6.18 while Sime Darby added three sen to RM8.93 and CIMB Group rose two sen to RM6.890. -- Bernama
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.86 points to 1,462.61 with losses mostly seen in Petronas Chemicals, which accounted for 1.056 points of the FBM KLCI losses.
The Finance Index dropped 55.82 points to 13,018.06, Industrial Index slipped 6.08 points to 2,692.61 and the Plantation Index fell 43.52 points to 7,671.64.
The FBM Emas Index declined 23.92 points to 10,037.1, FBM Mid 70 Index decreased 31.82 points to 10,974.93 and the FBM ACE Index dwindled 39.21 points to 4,227.24.
Losers outnumbered gainers by 471 to 164 while 248 counters were unchanged, 604 not traded and 32 other suspended. Turnover stood at 763.766 million shares worth RM562.011 million.
Maybank Investment Bank, in its research note here today, said that the resistance areas of 1,465 and 1,488 will cap market gains, while the weaker support areas may be located at 1,433 and 1,460.
"Due to the US markets’ very poor tone last night, we may see another downward day for the index. Profit-taking and liquidation would take place ahead of the weekend," it said.
Of the actives, Frontkn shed half sen to 13.5 sen, Compugates was unchanged at eight sen and Frontkn-WA lost one sen to nine sen.
In heavyweights, Maybank declined six sen to RM8.24, Petronas Chemicals slipped seven sen to RM6.18 while Sime Darby added three sen to RM8.93 and CIMB Group rose two sen to RM6.890. -- Bernama
