Share prices on Bursa Malaysia started the trading day on a weaker note, tracking the bearish Wall Street market on Wednesday, and as investors globally remained cautious over the impact of the European debt woes on the economy, dealers said.
Eighteen minutes after the opening, the FTSE Bursa Malaysia (FBM KLCI) slipped 6.13 points to 1,470.71 with losses mostly seen in Sime Darby. Earlier, the benchmark index opened 1.32 points lower at 1,475.54.
The Finance Index declined 33.069 points to 13,138.86, the Plantation Index eased 5.67 points to 7,681.82 and the Industrial Index slipped 8.93 points to 2,709.82.
The FBM Emas Index dropped 31.71 points to 10,088.11, the FBM Mid 70 Index was 19.87 points lower at 11,015.46 and the FBM ACE Index decreased 13.95 points to 4,232.12.
Decliners led advancers 163 to 90 while 134 counters were unchanged, 1,094 untraded and 32 others were suspended. Turnover stood at 149.163 million shares valued at RM71.428 million.
HWANGDBS Vickers Research, in its note today, said major US equity indices plunged between 1.6 per cent and 1.7 per cent at the closing bell partly on fears that American banks could be hit by the spreading eurozone sovereign debt crisis.
Consequently, Asian equities will likely suffer from the spillover effects today, it said. "Back home, the benchmark FBM KLCI is expected to drop below its immediate support level of 1,475, possibly falling towards the next support line of 1,445 ahead," it added.
Actives, Compugates was unchanged at eight sen, TMC Life Sciences shed two sen to 47.5 sen and Tricubes edged up half-a-sen to 26.5 sen.
For heavyweights, Maybank slipped two sen to RM8.37, Sime Darby lost 11 sen to RM8.82, CIMB shed seven sen RM6.99 and Petronas Chemicals dropped six sen to RM6.15. -- Bernama
Eighteen minutes after the opening, the FTSE Bursa Malaysia (FBM KLCI) slipped 6.13 points to 1,470.71 with losses mostly seen in Sime Darby. Earlier, the benchmark index opened 1.32 points lower at 1,475.54.
The Finance Index declined 33.069 points to 13,138.86, the Plantation Index eased 5.67 points to 7,681.82 and the Industrial Index slipped 8.93 points to 2,709.82.
The FBM Emas Index dropped 31.71 points to 10,088.11, the FBM Mid 70 Index was 19.87 points lower at 11,015.46 and the FBM ACE Index decreased 13.95 points to 4,232.12.
Decliners led advancers 163 to 90 while 134 counters were unchanged, 1,094 untraded and 32 others were suspended. Turnover stood at 149.163 million shares valued at RM71.428 million.
HWANGDBS Vickers Research, in its note today, said major US equity indices plunged between 1.6 per cent and 1.7 per cent at the closing bell partly on fears that American banks could be hit by the spreading eurozone sovereign debt crisis.
Consequently, Asian equities will likely suffer from the spillover effects today, it said. "Back home, the benchmark FBM KLCI is expected to drop below its immediate support level of 1,475, possibly falling towards the next support line of 1,445 ahead," it added.
Actives, Compugates was unchanged at eight sen, TMC Life Sciences shed two sen to 47.5 sen and Tricubes edged up half-a-sen to 26.5 sen.
For heavyweights, Maybank slipped two sen to RM8.37, Sime Darby lost 11 sen to RM8.82, CIMB shed seven sen RM6.99 and Petronas Chemicals dropped six sen to RM6.15. -- Bernama
