Bursa Ends Morning Session Lower

Bursa Malaysia ended the morning trading session in negative territory, weighed down by the persistent selling of blue chip stocks, led by banking as well as industrial products counters.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.84% or 12.1 points to 1,417.45 from Wednesday’s closing of 1,429.55.

The barometer index opened 1.77 points higher at 1,431.32, then moved in a downtrend mode to as low as 1,416.67 during the session. Market breadth was negative as decliners thumped gainers 458 to 242, while 359 counters were unchanged, 1,157 untraded and 12 others suspended.

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