Share prices on Bursa Malaysia opened mixed in early trading today, with the FTSE Bursa Malaysia KLCI (FBM KLCI) in the minus territory on selling pressure in plantation-related counters, dealers said.
The market's barometer was 0.71 of a point lower to 1,560.95 as at 9.30am after opening 1.31 points lower at 1,560.35.
HwangDBS Vickers Research said the benchmark FBM KLCI could consolidate today following a 40.8-point or 2.7 per cent increase over the last fortnight.
"Still our local bourse would likely show resilience as investors, who have missed out on the earlier market run-up may be waiting to buy on weakness," it said in a research note.
The research house said the bellwether may find immediate support at the 1,555 level.
The Finance Index eased 6.84 points to 13,852.57, Plantation Index fell 16.29 points to 8,861.99 and the Industrial Index inched down 4.13 points to 2,897.15. The FBM Emas Index lost 4.95 points to 10,878.81, FBM70 Index slipped 19.72 points to 12,472.11, but the FBM Ace Index gained 12.46 points to 4,758.05.
Advancers led decliners 211 to 179 while 243 counters were unchanged, 847 untraded and 14 suspended. Turnover stood at 529.528 million shares worth RM228.919 million.
Among active counters, BLD Plantation jumped 23 sen to RM9.99, Genting Bhd rose 15 sen to RM10.46, Huat Lai Resources and QSR Brands each added 15 sen to RM2.50 and RM6.60, respectively. As for heavyweights, Maybank lost four sen to RM8.48, Sime darby earned one sen to RM9.68, Petronas Chemicals was unchanged at RM6.99 and CIMB eased two sen to RM7.19. -- BERNAMA
The market's barometer was 0.71 of a point lower to 1,560.95 as at 9.30am after opening 1.31 points lower at 1,560.35.
HwangDBS Vickers Research said the benchmark FBM KLCI could consolidate today following a 40.8-point or 2.7 per cent increase over the last fortnight.
"Still our local bourse would likely show resilience as investors, who have missed out on the earlier market run-up may be waiting to buy on weakness," it said in a research note.
The research house said the bellwether may find immediate support at the 1,555 level.
The Finance Index eased 6.84 points to 13,852.57, Plantation Index fell 16.29 points to 8,861.99 and the Industrial Index inched down 4.13 points to 2,897.15. The FBM Emas Index lost 4.95 points to 10,878.81, FBM70 Index slipped 19.72 points to 12,472.11, but the FBM Ace Index gained 12.46 points to 4,758.05.
Advancers led decliners 211 to 179 while 243 counters were unchanged, 847 untraded and 14 suspended. Turnover stood at 529.528 million shares worth RM228.919 million.
Among active counters, BLD Plantation jumped 23 sen to RM9.99, Genting Bhd rose 15 sen to RM10.46, Huat Lai Resources and QSR Brands each added 15 sen to RM2.50 and RM6.60, respectively. As for heavyweights, Maybank lost four sen to RM8.48, Sime darby earned one sen to RM9.68, Petronas Chemicals was unchanged at RM6.99 and CIMB eased two sen to RM7.19. -- BERNAMA
