Bursa Malaysia continued its downward momentum at midday on Wednesday, due to persistent selling of selected heavyweights led by the utilities sector.
The market was also weighed down by regional markets’ downbeat performance.
At 12.30pm, the FBM KLCI had decreased 7.99 points to 1,550.81, from Tuesday’s close at 1,558.80.
Tenaga Nasional Bhd eased 44 sen to RM10.98 per share, YTL Power International Bhd slid 19 sen to RM3.96, and YTL Corp Bhd lost seven sen to RM2.64. These utilities counters pushed the composite index down by a combined 8.07 points.
The benchmark index, which opened 2.50 points weaker at 1,556.30, moved between 1,549.54 and 1,556.69 during the morning session.
The broader market saw losers leading gainers 678 to 297, while 387 counters were unchanged, 947 untraded, and 77 others suspended.
Turnover amounted to 2.68 billion units worth RM1.53 billion. – Bernama
