KL shares turn mixed mid-morning

Shares on Bursa Malaysia turned mixed at mid-morning as selling momentum emerged in selected plantation counters, dealers said.

At 11.02am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index declined 3.25 points to 1,847.48, after opening 0.94 point higher at 1,851.67.

Kuala Lumpur Kepong emerged as the top loser, falling 60 sen to RM24.32 while United Plantation eased 10 sen to RM24.80.

In terms of market breadth, the gainer-to-loser ratio was 295-to-265, while 307 counters were unchanged, 757 untraded and 30 suspended.

A total of 669.55 million shares valued at RM438.14 million were traded.

On the scoreboard, the Industrial Index lost 5.88 points to 3,198.75, the Plantation Index dipped 74.63 points to 8,963.5 but the Finance Index added 1.58

points to 16,610.22.

The FBM Emas Index decreased 13.85 points to 12,774.07, the FBMT100 Index erased 16.16 points to 12,434.1, but the FBM Ace rose 6.58 points to 6,705.22

and the FBM 70 added 4.19 points to 13,916.42.

Among actives, Insas advanced nine sen to RM1.30, Privasia Technology earned half a sen to 11 sen, Engenuity Consolidated was flat at 10 sen but Sumatec

Resources eased half a sen to 28.5 sen.

As for heavyweights, Maybank was flat at RM9.66, TNB declined four sen to RM11.94 while CIMB and Sime Darby eased one sen each to RM7.16 and RM9.25,

respectively.