Share prices on Bursa Malaysia started the trading week Monday on a weaker note despite improved external sentiments in the global market, dealers said.
Fifteen minutes after the opening, the FTSE Bursa Malaysia (FBM KLCI) fell 0.81 points to 1,488.21 after opening 0.71 points higher at 1,489.73.
The Finance Index lost 19.57 points to 13,273.33, but the Plantation Index rose 19.49 points to 7,846.26 and the Industrial Index gained 0.68 points to 2,695.60.
The FBM Emas Index slipped 1.271 points to 10,168.34, the FBM Mid 70 Index was 16.88 points higher at 11,040.32 and the FBM ACE Index increased 16.71 points to 4,175.69.
Decliners led advancers 146 to 96 while 134 counters were unchanged, 1,103 untraded and 15 others were suspended. Turnover stood at 193.667 million shares worth RM72.710 million.
HwangDBS Vickers Research said investors could be tempted to turn bullish after the local bourse surged 57.5 points last week.
"However, it is premature to think that the worst is already over when the state of the global economy is still fragile.
"Our benchmark FBM KLCI is likely to trade on a slight downward bias ahead as investors could be taking profit on current market’s strength," it said in a research note today.
Among the actives, Proton-CG added eight sen to 25.0 sen, DPS Resources shed one sen to 18 sen, Compugates slid half-a-sen to eight sen while SYF Res-WA gained 5.5 sen to 47 sen.
Among the heavyweights, Maybank earned two sen to RM8.32, Sime Darby lost seven sen to RM9.05, CIMB shed three sen RM7.17 and Petronas Chemicals was unchanged at RM6.17. -- Bernama
Fifteen minutes after the opening, the FTSE Bursa Malaysia (FBM KLCI) fell 0.81 points to 1,488.21 after opening 0.71 points higher at 1,489.73.
The Finance Index lost 19.57 points to 13,273.33, but the Plantation Index rose 19.49 points to 7,846.26 and the Industrial Index gained 0.68 points to 2,695.60.
The FBM Emas Index slipped 1.271 points to 10,168.34, the FBM Mid 70 Index was 16.88 points higher at 11,040.32 and the FBM ACE Index increased 16.71 points to 4,175.69.
Decliners led advancers 146 to 96 while 134 counters were unchanged, 1,103 untraded and 15 others were suspended. Turnover stood at 193.667 million shares worth RM72.710 million.
HwangDBS Vickers Research said investors could be tempted to turn bullish after the local bourse surged 57.5 points last week.
"However, it is premature to think that the worst is already over when the state of the global economy is still fragile.
"Our benchmark FBM KLCI is likely to trade on a slight downward bias ahead as investors could be taking profit on current market’s strength," it said in a research note today.
Among the actives, Proton-CG added eight sen to 25.0 sen, DPS Resources shed one sen to 18 sen, Compugates slid half-a-sen to eight sen while SYF Res-WA gained 5.5 sen to 47 sen.
Among the heavyweights, Maybank earned two sen to RM8.32, Sime Darby lost seven sen to RM9.05, CIMB shed three sen RM7.17 and Petronas Chemicals was unchanged at RM6.17. -- Bernama
