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Bursa in the red at mid-afternoon

On the broader market, losers led gainers by 936 to 133, while 249 counters were unchanged, 540 untraded and 31 others suspended. — Malay Mail picOn the broader market, losers led gainers by 936 to 133, while 249 counters were unchanged, 540 untraded and 31 others suspended. — Malay Mail picKUALA LUMPUR, Feb 9 — Bursa Malaysia remained in the red across-the-board at mid-afternoon today as global sell-offs continued after overnight Wall Street fell into a correction mode, dealers said.

At 3.02pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 18.50 points, or one per cent, to 1,820.94 points, from Thursday’s close of 1,839.44.

The benchmark index opened 32.63 points weaker at 1,806.81.

On the broader market, losers led gainers by 936 to 133, while 249 counters were unchanged, 540 untraded and 31 others suspended.

Turnover stood at 1.69 billion shares worth RM1.45 billion.

On Wall Street, the Standard & Poor’s 500 Index was down 100.66 points, or 3.75 per cent, to 2,581 and the Dow Jones Industrial Average lost 1,032.89 points or 4.15 per cent to 23,860.46.

A dealer said besides, the slide in oil prices were also putting further pressure on the local bourse.

The benchmark Brent crude were trading lower at 0.66 per cent to US$64.38 per barrel.

Of the heavyweights, Maybank fell four sen to RM10.04, Tenaga eased eight sen to RM15.72, Public Bank shed 22 sen to RM21.76 and CIMB dipped 15 sen to RM6.95

Among the losers were Panasonic Manufacturing Malaysia, down 80 sen to RM33.70), Petronas Gas, 50 sen lower to RM17.50) and Carlsberg Brewery which eased 32 sen to RM16.28.

For the most active counters, Naim Indah and AirAsia X eased one sen each to four sen and 39 sen, respectively, and Hibiscus Petroleum reduced 3.5 sen to 82 sen.

Of the gainers, Petronas Dagangan rose 44 sen to RM24.96 and Nestle gained 40 sen to RM115.40.

The FBM Emas Index erased 129.75 points to 12,975.78, FBMT 100 Index fell 120.38 points to 12,703.68 and the FBM 70 shed 121.59 points to 15,930.84.

The FBM Emas Shariah Index dipped 119.73 points to 13,259.23 and the FBM Ace contracted 163.38 points to 6,034.45.

Sector-wise, the Finance Index was 174.44 points lower at 17,489.15, the Industrial Index dipped 48.71 points to 3,221.65 and the Plantation Index slid 35.67 points to 7,932.86. — Bernama

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