KUALA LUMPUR: Shares on Bursa Malaysia turned lower at mid-morning today as selling in blue chips continued to dampen market sentiment, dealers said.
At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 13.45 points lower at 1,772.52, down from the 1,788.15 at opening.
RHB Research said unsurprisingly traders opted to take profit after the strong sell-down seen on December 1.
"The near-term resistance level is situated at 1,790 points, set near the middle of December 1’s "Long Black Day" candle.
"Towards the downside, we maintain our support level at 1,760.50 points, derived near the low of October 16 and yesterday’s low," it added.
Market breadth was negative with losers outpacing gainers 410 to 173, while 234 counters were unchanged, 884 untraded and nine others suspended.
On the scoreboard, the FBM Emas Index fell 81.08 points to 12,174.95, the FBMT100 Index lost 77.67 points to 11,892.07, and the FBM 70 declined 37.19 points to 13,168.08.
The FBM Emas Syariah Index contracted 57.78 points to 12,592.89 and the FBM Ace slid 56.95 points to 6039.98.
On a sectoral basis, the Finance Index was down 170.8 points to 15,783.29, the Industrial Index trimmed 15.58 points to 3,222.58, and the Plantation Index lost 55.83 points to 8,108.67.
Turnover stood at 480.06 million shares worth RM411.02 million.
Of the heavyweights, Maybank lost 20 sen to RM9.01, TNB remained flat at RM14 and Public Bank was down eight sen to RM18.24.
Among actives, IFCA MSC eased half-a-sen to 77.5 sen and Minetech improved half-a-sen to 11.5 sen, and Sumatec fell one sen to 22.5 sen.
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