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KUALA LUMPUR, Nov. 30 – Bursa Malaysia fell in mid-morning, weighed down by a selection of heavyweights on profit taking led by Maybank, dealers said.
At 11:00, the FTSE Bursa Malaysia KLCI benchmark index (FBM KLCI) was improved by 1.57 points to 1,694.77 points after the close of 1,696.34 points yesterday.
The index opened 5.22 points higher at 1,701.56.
In the wider market, the losers led the winners 399 to 207, with 278 chips unchanged, 1,032 tickets not exchanged and 69 others suspended.
The volume amounts to 840.12 million units valued at 567.27 million RM.
Maybank, which announced its results yesterday, paid six sen to RM9.39. Its net profit was 1.96 billion RMB lower in the third quarter ended September 30, 2018 compared to 2.23 billion RMB for the same period last year.
The country's largest bank in terms of assets said net operating income was down 3.3%, mainly due to continued volatility in global markets, which dampened economic growth and demand in the main sectors.
The other heavyweights, Public Bank and Tenaga, were each flat at RMB 24.90 and RM 14.24, respectively, while the ICMB brought back two sen to RM 5.83.
Oil and gas stocks improved due to higher oil prices. Petronas Chemicals remained stable at RMR 9.25, PetGas rose 18 Sen at 18.98 RMB and PetDag gained two at 26.14 NMR.
Among the assets, Bumi Armada fell from 1.5 sen to 17.5 sen, Jaks plunged nine sen to 48.5 sen, while MYEG brought back eight to 1.13 RM.
The FBM Emas Shariah index was down 27.75 points to 11,769.65, the FBM 70 lost 36.09 points to 13,695.33 and the FBM Ace index was 20.36 points higher low at 4,782.91.
The FBM Emas index was contracted by 18.74 points to 11,712.43 and the FBMT 100 index lost 15.38 points to 11,588.51.
At the sectoral level, the plantation index fell by 37.00 points to 6,998.08 points, the industrial products and services index rose by 0.38 points to 171.25 points and the Financial Services Index slipped 31.07 points to 17,436.10. – Bernama
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