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Bursa Malaysia opens lower on market consolidation | Malay Mail

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KUALA LUMPUR, Oct 12 — Bursa Malaysia opened lower on market consolidation, as investors digested the recent gains after seeing the key index rallied about 40 points over the past week. At 9.05am, the market benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.10 points, or 0.79 per cent, to...

At 9.05am, the market benchmark FTSE Bursa Malaysia KLCI fell 12.10 points, or 0.79 per cent, to 1,518.25 from last Friday’s close of 1,530.35. — Bernama pic

At 9.05am, the market benchmark FTSE Bursa Malaysia KLCI fell 12.10 points, or 0.79 per cent, to 1,518.25 from last Friday’s close of 1,530.35.However, market breadth was positive with gainers leading losers 215 to 186, while 298 counters were unchanged, 1,438 untraded and 32 others suspended.The fall in the heavyweights was led by IHH, declining 19 sen to RM4.87, followed by Tenaga, losing 18 sen to RM10.22, Petronas Chemicals, slipping 11 sen to RM5.

“On a brighter note, the positive market breadth, coupled with the strong trading volumes in recent days, suggests that investors’ appetite remain within the equity market in search for higher yields,” it said.

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