KUALA LUMPUR, Nov 29 — Bursa Malaysia remained in the negative territory at mid-afternoon today, dealers said.
A dealer said trading was thin with profit-taking in telecommunications stocks weighing down the benchmark index, dealers said.
At 3.00pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.15 points to 1,625.51, after moving between 1,625.42 and 1,630.22.
The index opened 1.31 points higher at 1,629.97.
Market breadth was negative with decliners outpacing advancers 487 to 187, 301 counters were unchanged, 743 untraded and 58 others were suspended.
Turnover stood at 795.86 million shares worth RM790.05 million.
The market opened on a positive note to buck the regional trend. It, however, ended the morning session lower on lack of buying momentum amid cautious trading.
The market continued to be dampened by the negative sentiments, particularly the weak ringgit and further slide in oil prices ahead of the Organisation of Petroleum Exporting Countries meeting tomorrow.
Of the top losers, Axiata shed 10 sen to RM4.11, Maxis slid eight sen to RM5.92, Telekom slipped 12 sen to RM6.15 and Genting Bhd fell 11 sen to RM7.98.
Among heavyweights, Maybank bagged nine sen to RM7.84, Public Bank gained six sen to RM19.60, Petronas Chemicals and Sime Darby improved one sen each to RM6.80 and RM8.17 respectively, while TNB shed two sen to RM14.12.
Of the actives, AirAsia X shed half-a-sen to 36.5 sen, Trive Property added half-a-sen to nine sen while Green Packet and FGV were flat at 27.5 sen and RM1.44 repectively.
The FBM Emas Index fell 27.32 points to 11,376.79, FBMT100 Index slipped 21.94 points to 11,107.91 and the FBM 70 dropped 27.13 points to 13,050.96.
The FBM Emas Shariah Index gave up 47.77 points for 11,912.34 and the FBM Ace dropped 78.34 points to 4,781.56.
Sector-wise, the Finance Index rose 37.84 points to 14,203.95, Industrial Index eased 0.06 of a point at 3,088.77 and the Plantation Index shed 11.63 points to 7,655.47. — Bernama