Share prices on Bursa Malaysia ended the morning session lower today on continued selling pressure but selective buying limited losses, dealers said.
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI was 11.59 points lower at 1,464.05, after opening 7.84 points lower at 1,467.8.
The index hovered between 1,454 and 1,473.45.
HwangDBS Vickers Research said major equity indices on Wall Street rebounded between 1.3 per cent and 1.6 per cent overnight, boosted by stronger US economic fundamentals.
The US Federal Open Market Committee said that the country's economy had strengthened in the third quarter and policymakers were ready to employ new tools if required to promote a stronger economic recovery.
As a result, the benchmark FBM KLCI will probably rise to challenge the immediate resistance level of 1,475 moving ahead, the research house said.
Meanwhile, losers led gainers 417 to 298 while 244 counters were unchanged, 601 untraded and 23 others suspended.
A total of 1.1 billion shares worth RM538.52 million were traded.
The Finance Index fell 86.84 points to 13,187.54, the Plantation Index declined 86.05 points to 7,432.96 and the Industrial Index lost 18.46 points to 2,672.55.
The FBM Emas Index decreased 62.33 points to 9,977.9 and the FBM Mid 70 Index fell 62.73 points to 10,781.1, but the FBM Ace Index rose 36.35 points to 4,066.25.
Among active stocks, Karambunai fell two sen to 18.5 sen but Tejari gained half-a-sen to eight sen and Harvest-Wa added 6.5 sen to 51.5 sen.
For heavyweights, Maybank and Sime Darby lost three sen each to RM8.25 and RM8.75 respectively, and CIMB fell nine sen to RM7.22. -- Bernama
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI was 11.59 points lower at 1,464.05, after opening 7.84 points lower at 1,467.8.
The index hovered between 1,454 and 1,473.45.
HwangDBS Vickers Research said major equity indices on Wall Street rebounded between 1.3 per cent and 1.6 per cent overnight, boosted by stronger US economic fundamentals.
The US Federal Open Market Committee said that the country's economy had strengthened in the third quarter and policymakers were ready to employ new tools if required to promote a stronger economic recovery.
As a result, the benchmark FBM KLCI will probably rise to challenge the immediate resistance level of 1,475 moving ahead, the research house said.
Meanwhile, losers led gainers 417 to 298 while 244 counters were unchanged, 601 untraded and 23 others suspended.
A total of 1.1 billion shares worth RM538.52 million were traded.
The Finance Index fell 86.84 points to 13,187.54, the Plantation Index declined 86.05 points to 7,432.96 and the Industrial Index lost 18.46 points to 2,672.55.
The FBM Emas Index decreased 62.33 points to 9,977.9 and the FBM Mid 70 Index fell 62.73 points to 10,781.1, but the FBM Ace Index rose 36.35 points to 4,066.25.
Among active stocks, Karambunai fell two sen to 18.5 sen but Tejari gained half-a-sen to eight sen and Harvest-Wa added 6.5 sen to 51.5 sen.
For heavyweights, Maybank and Sime Darby lost three sen each to RM8.25 and RM8.75 respectively, and CIMB fell nine sen to RM7.22. -- Bernama
