Kuala Lumpur: Bursa Malaysia share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.98 points or 0.12% to 1,681.75 due to the fresh threats from the US against China and Public Bank and tech-related stocks fell early Tuesday.
Turnover was 128.02 million shares valued at RM50.33mil. There were 80 gainers, 153 losers and 137 counters unchanged.
After flirting with the negative territory in the early morning session the market turns up 9.41 points to 1,693.14 in the mid-morning session as regional markets retraced earlier losses. The trading Volume was 28.44 million lots worth RM13.97 million.
The KlSE gainer stocks early morning list shows, UMW rose nine sen to RM4.74, Aeon Credit and Tenaga eight sen higher at RM15.18 and RM14.18 while BIMB edged up seven sen to RM4.67. At the mid-morning session IOI rose 11 sen to RM4.54, MISC gained 21 sen to RM6.12 and Petronas Chemicals gained six sen to RM9.37.
Among the KLSE most active stocks, Datasonic was the most actively traded counter, jumping four sen to 34.5 sen. My EG rose four sen to RM1.17 and Hibiscus gained one sen to RM1.02.
The KLSE loser stocks data shows Public bank was the top loser in the early morning, down 16 sen to RM24.42 and Bursa 13 sen lower at RM7.42 while IHH lost seven sen to RM4.99. Among the tech stock, Vitrox lost 11 sen to RM7.10, Dufu and Pentamaster 10 sen each to RM2.25 and RM2.86 while SAM Engineering and MI were down six sen each to RM7.50 and RM2.21.
During the mid-morning session, Nestle lost RM1.10 to RM143.90, IHH dropped six sen to RM5 and Petronas Gas slipped two sen to RM18.06.
Asian markets had started today on a bearish step that Washington may be considering executing tariffs on the remaining US$257bil of Chinese goods by December. Japan Nikkei opens up with 1.35% while Hang Seng index opens down with 0.44%.
In the Forex market, the ringgit was little changed against the US dollar at 4.1805. It was also stable against the pound sterling at 5.3530 and Singapore dollar at 3.0222.
Oil prices were mixed on Tuesday with WTI crude rising 15 cents to US$67.19 a barrel and Brent crude dropping 18 cents to US$77.16 a barrel.