Qualampur: Barsa Malaysia opened slightly low on Wednesday, tracking the decline of Wall Street that the emotions became alert after tariff announcements by President Donald Trump on weaker US economic data and semiconductor and pharmaceutical fields.
At 9.10 am, FTSE Barsa Malaysia KLCI (FBM KLCI) on Tuesday reduced by about 1.16 points from 1,538.64 to 1.16 points, or 0.08 percent, 1,537.48.
The benchmark index had earlier opened 0.72 of one point short on 1,537.92.
The width of the market was negative, 197 declements surpassed 98 gainers. Another 287 counters were unchanged, 1,920 uncontrolled, and seven suspended.
The turnover was RM82.74 million shares in 168.44 million shares.
Rakuten Trade SDN BHD vice-president Equity Research Thong Pak Lang said that local bors reflected weakness on Wall Street, where sensations were alerted after a weak-to-the-tomed American job market figures.
After the mention of Trump, the situation deteriorated that separate tariffs would soon be installed on both semiconductors and pharmaceutical sectors.
“Nevertheless, we believe that the overall spirit remains positive and hopefully FBM KLCI will have a tendency within 1,535–1,550 range today,” he told Bernama.
Between Heavyweight, Mebank and Public Bank increased 10 Sen to RM9.67 and RM4.25 respectively. IHH Healthcare added three Sen to RM6.88, CIMB was unchanged at RM6.75, while Tenga National dropped Char Sen to RM13.24.
In an actively trading list, Nexg reduced half-to-Sen from 53 Sen, the top gloves fell from 2.5 Sen to 61 Sen, and Hartlega dropped six Sen from RM1.26. Harvest Miracle Capital and Framamiaga received half-to-seven from 16.5 Sen and 19 Sen respectively.
On the broad market, FBM EMAS index fell 18.35 points to 11,523.62, FBMT 100 index declined 16.74 points to 11,289.92, and FBM EMAS Shariah Index slipped 31.83 points.
The FBM 70 index declined 60.50 points to 16,606.25, while FBM Ace Index reached 4,630.86 below 0.60.
According to the sector, the Financial Services Index added 18.17 points to 17,466.63. Industrial products and services index slipped 0.93 of a point by 158.47, the energy index fell 0.39 to 740.01 of a point, and the tree plantation index declined 9.23 points to 7,354.12. – Bernma
