Last minute selling drags Bursa Malaysia down

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Last minute selling drags Bursa Malaysia down
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KUALA LUMPUR, March 6 — Bursa Malaysia bucked the regional trend to end slightly lower, dragged down by last minute selling of selected heavyweight stocks. At 5 pm, the...

KUALA LUMPUR, March 6 — Bursa Malaysia bucked the regional trend to end slightly lower, dragged down by last minute selling of selected heavyweight stocks.

However the market breadth was positive with advancers outpacing decliners 465 to 380, while 415 counters were unchanged, 959 untraded and 11 others suspended. “Key regional indices are mostly in positive territory following a positive cue from global equities last Friday amid easing concerns about interest rates following recent comments from Federal Reserve officials and the latest economic data.

At home, heavyweight counters Maybank declined two sen to RM8.69, Public Bank was down four sen to RM4.10, Tenaga Nasional lost six sen to RM9.34, Petronas Chemicals went up four sen to RM7.30 while CIMB was flat at RM5.59. The FBMT 100 Index advanced 6.08 points to 10,275.84 and the FBM Emas Shariah Index gained 39.42 points to 10,853.46.

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