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Bursa Malaysia closes lower at midday on selling pressure in selected heavyweights

KUALA LUMPUR: Bursa Malaysia turned lower at midday due to selling pressure in selected heavyweights mainly in the industrial products and services sector.

At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 0.19 per cent, or 2.83 points, to 1,484.03 from Wednesday's close of 1,486.86.

The FBM KLCI, which opened 0.29 of-a-point better at 1,487.15, moved between 1,483.41 and 1,492.44 during the morning session.

On the broader market, decliners led gainers 421 to 339, while 430 counters were unchanged.

Turnover amounted to 2.27 billion units worth RM1.36 billion.

Leading the decline was Genting Malaysia Bhd, which slumped 13 sen to RM2.72.

On the heavyweights, Press Metal Aluminium Bhd eased eight sen to RM4.82 and Petronas Chemicals Group Bhd slid six sen to RM6.94.

Both stocks pulled the composite index down by a combined 1.87 points.

Of the actives, Hong Seng Consolidated Bhd inched up 25 sen to five sen and Sarawak Consolidated Bhd gained four sen to RM1.12, while SMTrack Bhd down half sen to five sen and Minetech Resources Bhd fell two per cent to 22 sen. Ends

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