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The main index at Bursa Malaysia drifted lower in early trade on Wednesday, tracking regional markets as Wall Street took a breather overnight. At 9.05am, the FBM KLCI was down 1.36 points to 1,604.78.
At 10.15am, the FBM KLCI had lost 8.66 points to 1,597.48.
Market sentiment was tepid with losers leading gainers by 512 to 357, while 439 counters traded unchanged. Trading volume was 3.49 billion shares valued at RM1.45 billion.
The losers included Heineken Malaysia Bhd, Malaysian Pacific Industries Bhd, Hong Leong Bank Bhd (HLB), Petronas Chemicals Group Bhd (PetChem), Pentamaster Corp Bhd, UWC Bhd, Telekom Malaysia Bhd (TM), Hengyuan Refining Company Bhd and Genting Bhd.
The actively traded stocks included DGB Asia Bhd, Sapura Energy Bhd, Dagang NeXchange Bhd (DNeX), AT Systematization Bhd and Dataprep Holdings Bhd.
The gainers included UPA Corp Bhd, Supermax Corp Bhd, Ralco Corp Bhd, VSTECS Bhd, Genetec Technology Bhd, Grand Hoover Bhd, ViTrox Corp Bhd and Tasco Bhd.
The FBM KLCI continued to extend its losses today, with the broader market barely in positive territory today. At market close, the local benchmark index finished 0.68% or 10.85 points lower at 1,595.29, led by selldowns in Axiata Group Bhd, Hap Seng Consolidated Bhd and Petronas Chemicals Group Bhd (PetChem).
KUALA LUMPUR (Feb 17): The main index of Bursa Malaysia pared some of its loss before the midday break today, but remained below the 1,600-point level in line with cautious regional markets.
At 12.30pm, the FBM KLCI was down 8.10 points at 1,598.04. The index earlier dropped to a low of 1,596.45.
Broader market sentiment remained cautious with 416 losers and 367 gainers, while 712 counters traded unchanged. Trading volume was 5.99 billion shares valued at RM2.79 billion.
The top losers included Malaysian Pacific Industries Bhd, Pentamaster Corp Bhd, AEON Credit Service (M) Bhd, Kuala Lumpur Kepong Bhd (KLK), Mega First Corp Bhd, Telekom Malaysia Bhd (TM), Inari Amertron Bhd, Unisem (M) Bhd and Axiata Group Bhd.