Shares of plantation companies on Bursa Malaysia posted an uptrend as investors rejoiced over a possible further rise in crude palm oil price amid dwindling stocks.
KUALA LUMPUR (Jan 11): The main index of Bursa Malaysia lost 1.29% in the mid-morning today, against a backdrop of pausing regional markets, as local sentiment stayed tepid on lockdown fears in Malaysia.
The benchmark index was also pressured as index-linked glove makers Hartalega Holdings Bhd and Supermax Corp Bhd dragged.
At 10am, the FBM KLCI had lost 20.75 points to 1,612.44.
Market breadth was negative with losers outpacing gainers by 640 to 341, while 386 counters traded unchanged. Trading volume was 2.451 billion shares valued at RM1.89 billion.
The losers included CN Asia Corp Bhd, Oriental Interest Bhd, Hartalega, Heineken Malaysia Bhd, Supermax, Nestle (Malaysia) Bhd, TIME dotCom Bhd, Malayan Banking Bhd (Maybank) and Malaysian Pacific Industries Bhd.