Bursa Malaysia Stays In Red, Selling Pressure Seen In Selected Heavyweights

KUALA LUMPUR, May 26 (Bernama) -- Bursa Malaysia stayed in the red at mid-afternoon with selling pressure led by transportation and logistics, and technology counters.

 At 3.06 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.67 points, or 0.36 per cent, to 1,529.71 from Friday’s close of 1,535.38.

The benchmark index opened 0.95 of-a-point higher at 1,536.33.

Market breadth was negative with 610 decliners and 244 gainers, 454 counters were unchanged, 1,122 untraded and 42 suspended.

Turnover stood at 2.29 billion shares valued at RM983.51 million.

Among heavyweights, Maybank was flat at RM9.88, and Public Bank gained two sen to RM4.42. Meanwhile, Tenaga, CIMB and IHH were two sen lower at RM13.98, RM6.92 and RM6.88, respectively.

As for active stocks, Harvest Miracle, Sapura Energy and Velesto were flat at 18 sen, four sen and 16.5 sen, respectively, while Tanco Holdings added 1.5 sen to 99 sen, and Thriven Global bagged one sen to 9.5 sen.

On the index board, the FBM Emas Index lost 49.63 points to 11,424.42, the FBMT 100 Index shaved 46.64 points to 11,186.45, and the FBM ACE Index was down 49.07 points to 4,566.87.

The FBM Emas Shariah Index decreased 69.97 points to 11,356.24 and the FBM 70 Index tumbled 88.52 points to 16,261.73. 

Across sectors, the Financial Services Index was 7.45 points better at 18,110.04, the Industrial Products and Services Index inched down 0.99 of-a-point to 153.05, the Energy Index eased 5.19 points to 705.58, and the Plantation Index increased 0.63 of-a-point to 7,330.94. 

-- BERNAMA