Last updated Wednesday, September 28, 2016 6:27 pm GMT+8

Friday September 23, 2016
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An investor monitors share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters picAn investor monitors share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters picKUALA LUMPUR, Sept 23 — Bursa Malaysia closed the morning session lower as some traders took profits off the table after three-day of winning streak.

At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,668.62, down 1.04 points, against yesterday's close of 1,669.66.

After opening 5.81 points weaker at 1,663.85, the local index hovered between 1,662.83 and 1,672.28 throughout the morning session.

Losers led gainers 342 to 305 while 392 counters were unchanged, 651 untraded and 17 others were suspended.

Turnover stood at 1.01 billion shares worth RM859.95 million. 

On the technical front, Kenanga Research said the FBM KLCI managed to stage a rebound to escape from its consolidation zone.

“The return of the bulls into the domestic market could allow the local bourse to aim for a higher close later today, with resistance levels now envisaged at between 1,680 and 1,700,” it said in a note.

Meanwhile, Bursa Malaysia’s total market capitalisation rose to RM1.7 trillion as of yesterday from RM1.69 trillion recorded on Wednesday.

Among heavyweights, TNB was flat at RM14.40, Maybank added seven sen to RM7.67, Public Bank rose 14 sen to RM19.72 and Petronas Chemicals fell seven sen to RM6.67.

Of actives, Daya Materials and Iris added one sen each to 7.5 sen and 18 sen, respectively, while Borneo Oil gained half-a-sen to 19 sen.

The FBM Emas Index lost 6.59 points to 11,792.05, the FBMT100 Index fell 7.22 points to 11,492.41 and the FBM Emas Shariah Index was 5.84 points higher at 12,456.26.

The FBM 70 declined 8.84 points to 13,829.73 and the FBM Ace was down 26.8 points to 5,245.59.

On a sectoral basis, the Industrial Index was 0.76 of-a-point lower at 3,133.24, the Plantation Index added 14.99 points to 7,958.13 and the Finance Index lost 44.63 points to 14,261.1. — Bernama 

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