KUALA LUMPUR, Nov 10 — Bursa Malaysia ended lower today, driven by continued profit-taking in telecommunications and media as well as consumer products and services counters, amid weaker sentiments on the regional markets, dealers said.
The FBM KLCI opened 2.0 points higher at 1,526.03 and fluctuated between 1,516.75 and 1,526.15 throughout the trading session. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI remained under pressure due to lack of buying interest while market sentiment was further dampened by the spillover effect of the regional selldown.
“Back home, the FBM KLCI succumbed to more intense selling as it is hovering just around the crucial 1,520 level. If the 1,520 is broken, we see the 1,500 as the immediate psychological support level followed by the next critical support at around 1,490. Of the actives, Eduspec was flat at 1.5 sen, KNM Group slipped 1.5 sen to 19 sen, while Scope Industries rose 4.5 sen to 44.5 sen, and Solution Group improved 20.5 sen to 63 sen.
The Main Market volume rose to 2.26 billion shares worth RM1.90 billion from 1.99 billion shares worth RM2.07 billion yesterday.
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