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KL shares lower at mid-day

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained in negative territory at mid-day today, on a lack of buying momentum. At lunch break, the key index declined 3.97 points to 1,817, after moving between 1,807.12 and 1,818.79 throughout the morning session.

The weaker local market was also in tandem with its regional peers, following the sluggish overnight performance of Wall Street.

Market breadth was negative with losers outpacing gainers 360 to 279, while 326 counters were unchanged, 828 untraded and 17 others suspended.

Turnover stood at 831.55 million shares worth RM704.85 million.

Of the heavyweights, Maybank rose five sen to RM9.26, Public Bank was flat at RM19.36, TNB shed six sen to RM14.14, Axiata slid five sen to RM6.70 and Sime Darby was three sen lower at RM9.09.

Among actives, Frontken inched up half-a-sen to 27 sen, Hubline was flat at 2.5 sen, Kanger International declined 3.5 sen to 23.5 sen and Vsolar edged down half-a-sen to 20.5 sen.

On the scoreboard, the FBM Emas Index depreciated 28.60 points to 12,525.99, the FBMT100 Index fell 29.77 points to 12,205.37, the FBM Emas Shariah slid 36.07 points to 13,013.69 and the FBM 70 contracted 45.1 points to 13,573.44. Sector-wise, the Finance Index rose 5.81 points at 16,102.55, the Plantation Index weakened 4.29 points to 7,534.83, and the Industrial Index declined 15.04 points at 3,324.82. – Bernama

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