Share prices on Bursa Malaysia were traded lower in the early session Friday on profit-taking in the plantation, palm oil and finance counters, dealers said.
After 10 minutes of trading, the underlying FBM KLCI lost 1.15 points to 1,522.71 after opening 0.01 of a point higher at 1,523.87.
The HwangDBS Vickers Research said the benchmark FBM KLCI would probably tread in a tight band with a marginal downward bias.
"The immediate support line for the bellwether currently stands at 1,515," it said in a research note today.
The research house said while the broad market performance was expected to be sluggish, there could be excitement in individual stocks such as IJM Corp and Ahmad Zaki Resources Bhd amid media reports that they have been awarded construction packages worth RM1.7 billion for the Mass Rapid Transit project.
Kumpulan Europlus' shares are also expected to rise after securing government approval to undertake the RM7.1 billion West Coast Expressway project. The concession is for 60 years.
Market sentiments were broadly higher, with gainers outpacing losers 137 to 77, with 140 counters unchanged, 1,120 untraded and 26 suspended.
Turnover stood at 152.07 million shares worth RM80.17 million.
The Finance Index dwindled 10.74 points to 13,485.87, the Plantation Index lost 13.58 points to 8,713.63, and the Industrial Index fell 5.09 points to 2,787.61.
However, the FBM Emas gained 7.12 points to 10,581.73, the FBM Mid 70 surged 65.69 points to 12,127.71 and the FBM Ace rose 10.52 points to 4,460.92.
Among the volume leaders, The Media Shoppe earned half a sen to 12 sen, Karyon Industries added 1.5 sen to 5.5 sen, while Jotech Holdings eased half sen to 15 sen.
Among the heavyweights, Maybank gained four sen to RM8.26, Sime Darby stood unchanged at RM9.08, while Petronas Chemicals lost one sen to RM6.66. -- Bernama
After 10 minutes of trading, the underlying FBM KLCI lost 1.15 points to 1,522.71 after opening 0.01 of a point higher at 1,523.87.
The HwangDBS Vickers Research said the benchmark FBM KLCI would probably tread in a tight band with a marginal downward bias.
"The immediate support line for the bellwether currently stands at 1,515," it said in a research note today.
The research house said while the broad market performance was expected to be sluggish, there could be excitement in individual stocks such as IJM Corp and Ahmad Zaki Resources Bhd amid media reports that they have been awarded construction packages worth RM1.7 billion for the Mass Rapid Transit project.
Kumpulan Europlus' shares are also expected to rise after securing government approval to undertake the RM7.1 billion West Coast Expressway project. The concession is for 60 years.
Market sentiments were broadly higher, with gainers outpacing losers 137 to 77, with 140 counters unchanged, 1,120 untraded and 26 suspended.
Turnover stood at 152.07 million shares worth RM80.17 million.
The Finance Index dwindled 10.74 points to 13,485.87, the Plantation Index lost 13.58 points to 8,713.63, and the Industrial Index fell 5.09 points to 2,787.61.
However, the FBM Emas gained 7.12 points to 10,581.73, the FBM Mid 70 surged 65.69 points to 12,127.71 and the FBM Ace rose 10.52 points to 4,460.92.
Among the volume leaders, The Media Shoppe earned half a sen to 12 sen, Karyon Industries added 1.5 sen to 5.5 sen, while Jotech Holdings eased half sen to 15 sen.
Among the heavyweights, Maybank gained four sen to RM8.26, Sime Darby stood unchanged at RM9.08, while Petronas Chemicals lost one sen to RM6.66. -- Bernama
