At 9.05 am, key index FTSE Bursa Malaysia KLCI shrank 12.99 points, or 0.96 per cent to 1,337.90 from 1,350.89 at Tuesday’s close.Market breadth was negative, with losers leading gainers 246 to 64, while 166 counters were unchanged, 1,445 untraded and 19 others suspended.Public Investment Bank Bhd said at Tuesday’s closing, the Dow Jones Industrial Average dropped around 410 points, or 1.8 per cent to end near 21,917.
Separately, Malacca Securities Sdn Bhd said volatility remained a feature following the slump on Wall Street overnight. The brokerage firm said for now, it continued to see the 1,360 level serve as the key resistance, followed by the 1,400 psychological level.Decliners among heavyweights were led by Petronas Chemicals, dropping 19 sen to RM4.86, followed by Tenaga which lost 12 sen to RM11.90, Sime Darby Plantation slipped nine sen to RM4.85, MISC was 13 sen easier at RM7.31 and Press Metal Aluminium went down 12 sen to RM3.29.
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