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Bursa shares slip into red at mid-morning

At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,731.09, down 2.52 points from yesterday’s close of 1,733.61. — Bernama picAt 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,731.09, down 2.52 points from yesterday’s close of 1,733.61. — Bernama picKUALA LUMPUR, Nov 15 ― Share prices on Bursa Malaysia slipped into the red at mid-morning today, weighed on by selling activities in selected heavyweights led by Maybank and Maxis.

At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,731.09, down 2.52 points from yesterday’s close of 1,733.61.

The index opened 0.29 of-a-point better at 1,733.90 at 9 am.

On the broader market, losers thumped gainers 390 to 226, while 376 counters remained unchanged with 848 untraded and 21 others suspended.

Turnover stood at 861.32 million shares worth RM486.22 million.

Maybank led the top losers’ list among the heavyweight counters by falling 10 sen to RM9.24, followed by Maxis which went down eight sen to RM5.87.

The two counters contributed a collective 2.88 points to the benchmark index's losses.

Other heavyweight counters included IHH, shedding six sen to RM5.64, CIMB trimming five sen to RM6.04 and MISC was one sen easier at RM7.30.

Of the actives, Borneo oil and Hubline added half-a-sen each to 9.5 sen and 12 sen, respectively, Berjaya Corporation gained 1.5 sen to 41 sen, but Hibiscus erased one sen to 76.5 sen, while DGSB was flat at nine sen.

Petron Malaysia led the list of top losers, slipping 36 sen to RM11.90, Heng Yuan losing 32 sen to RM10.08, Hong Leong Financial declining 24 sen to RM15.18, Far East went down 20 sen to RM9.50 and PMB Technology was 19 sen weaker at RM3.86.

The FBM Emas Index fell 21.77 points to 12,513.69, the FBMT 100 Index decreased 18.27 points to 12,155.67, the FBM Emas Shariah Index erased 20.77 points to 12,966.53 and the FBM 70 slid 25.27 points to 15,525.94.

The FBM Ace, however, gained 37.14 points to 6,715.85.

Sector-wise, the Industrial Index lost 9.54 points to 3,166.21, the Finance Index dipped 80.74 points to 16,163.22 and the Plantation Index was 3.53 points easier at 7,906.29. ― Bernama

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