Bursa Malaysia traded lower today following a 0.24% decline in the key index after a strong performance yesterday.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index fell 3.69 points to 1,519.9 from 1,523.59 at the close on Tuesday.
Bernama reported that the key index opened 1.39 points higher at 1,524.98.
On the overall market, losers outnumbered gainers by 188 out of 123, while 271 counters were unchanged, 1,618 untraded and eight others suspended.
Turnover stood at 319.34 million units worth RM100.82 million.
According to Malacca Securities, market sentiment is likely to remain vigilant as investors still await the appointment of a new prime minister.
Meanwhile, Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah urged party leaders to work together to address the current Covid-19 pandemic as well as the economy.
Meanwhile, the brokerage firm noted that investors are expected to continue to focus on consumer -related, services and logistics as well as construction sectors.
"Investors can also trade cautiously in selected technology stocks following China's decision to tighten competition rules for internet companies," he said.
For heavyweights, Maybank and TNB declined three sen each to RM8.11 and RM9.11, respectively, while Public Bank and Petronas Chemicals were flat at RM3.95 and RM8 respectively. IHH Healthcare rose one sen to RM5.79.
CIMB, Press Metal and Maxis fell one sen each to RM4.59, RM5.09 and RM4.44.
For active stocks, Avillion rose 1.5 sen to 21.5 sen, AppAsia rose half -a -sen to 15 sen, TFP Solutions was flat at 21.5 sen, Advance Synergy fell two sen to 20.5 sen and Malayan United declined one sen to 9.5 sen.
On the index board, the FBM Emas Index declined 17.2 points to 11,103.94, the FBM Emas Shariah Index declined 17.34 points to 12,209.27 and the FBM ACE jumped 22.33 points to 7,154.47.
The FBMT 100 index fell 20.17 points to 10,820.8, and the FBM 70 rose 3.37 points to 14,547.72.
By sector, the Industrial Products and Services Index rose 0.08 points to 190.83, the Financial Services Index declined 25.42 points to 14,819.45, and the Plantation Index fell 5.57 points to 6,317.86.
