FBM KLCI Ends Morning Session Flat
KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia's key index ended the morning trading session flat amid continued selling in selected heavyweights led by plantation and financial services counters, as well as losses in regional markets.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.67 of a point to 1,530.05 from Monday's close of 1,529.38.
The benchmark index, which opened 0.20 of a point firmer at 1,529.58, moved in the range of 1,529.17 to 1,537.62 during the session.
However, the broader market sentiment was bearish, with losers surpassing gainers 537 to 288, while 456 counters were unchanged, 1,240 untraded, and 44 suspended.
Turnover stood at 2.25 billion units worth RM1.08 billion.
Bursa Malaysia's performance tracked regional peers, with Hong Kong's Hang Seng losing 0.95 per cent to 25,319.39, Singapore's Straits Times Index falling 0.41 per cent to 4,223.90, and Japan's Nikkei 225 slipping 0.88 per cent to 40,637.48. South Korea's Kospi, however, gained 0.42 per cent to 3,209.52.
In a note today, Malacca Securities Sdn Bhd said market participants could be adopting a 'wait-and-see' approach following a weaker Wall Street performance overnight.
'Wall Street trended sideways, despite recent de-escalation in the trade war, with the United States (US) and European Union (EU) capping tariffs at 15 per cent,' it said in a note.
IOI Corporation lost 11 per cent to RM3.75, CIMB fell five sen to RM6.70 and Public Bank shed two sen to RM4.23, while Petronas Chemicals gained 17 sen to RM3.78 and Press Metal Aluminium grew 13 sen to RM5.48.
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