FBM KLCI Marginally Shaved by 0.03% at Mid Day

Bursa Malaysia ended the Thursday morning trading session almost flattish with the bell-weathered index FBM KLCI marginally shaved by 0.51 point or -0.03% at 1,494.99.

The index opened marginally lower this morning and trended upward afterwards. But the uptrend only sustained for one hour and then started to head southward. It is expected traders to remain cautious ahead of the long break and the volume might be low before the Lunar New Year celebration.

At 9:00 am, the main index opened at 1,494.80 vis-a-vis yesterday’s close of 1,495.50.

During the morning trading session, the index was traded in the range of 1,493.71 – 1,501.71.

Meanwhile, market breadth was negative with decliners outweighed advancers 399 to 325, while 371 counters were unchanged.

Trading volume amounted to 1.41 billion units with total value of RM856.36 million.

Top five active counters for the morning session were Velesto Energy, Dolphin International, Revenue Group, Yew Lee Pacific Group, Zen Tech International.

Top five gainers were Fraser & Neave, Heineken Malaysia, PETRONAS Dagangan, Nestle Malaysia, United Plantation.

Whilst top five decliners were Hextar Technologies Solutions, Malaysian Pacific Industries, Hong Leong Financial Group, Khind Holdings, Vitrox Corp.

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