Bursa Malaysia benchmark falls 10.70 points in early trade
Advancing stocks outnumbered decliners despite the benchmark's retreat as trading resumed after the Deepavali holiday break.
Malaysia’s FBM KLCI stood at 1,605.88 at 9.15am on November 10, down 10.70 points from the previous Friday’s closing level of 1,616.58. The decline followed an initially higher opening at 1,626.55, a gain of 9.97 points.
Across Bursa Malaysia, 299 stocks advanced and 223 declined. Another 322 were unchanged, while 1,929 had not traded and 12 were suspended. Trading volume reached 303.96 million units, with a value of RM220.76 million.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said lower crude oil prices and optimism about a possible resolution of the US-Iran conflict had supported Wall Street. However, he said investors remained cautious and were waiting for greater clarity on the near-term outlook.
Among heavyweight stocks, Public Bank fell 15 sen to RM4.75 and Tenaga Nasional declined eight sen to RM12.96. CIMB eased one sen to RM7.05, while IHH Healthcare added one sen to RM7.71. Maybank held steady at RM10.12.
Malaysian Pacific Industries gained 78 sen to RM36.98, and Nestle rose 66 sen to RM94.02. Mega Fortris lost 30 sen to RM1.10. Other indices were mixed: the FBM Top 100 dropped 46.13 points to 11,752.32, while the FBM ACE advanced 28.99 points to 5,269.23.
