KUALA LUMPUR (April 26): Bursa Malaysia reversed Tuesday's (April 25) gains to trade lower in the early session on Wednesday due to profit-taking, taking its cue from the weaker Wall Street performance overnight, an analyst said. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 3.3 points to 1,421.89 from Tuesday’s close of 1,425.19. “Given the cautious global market undertone, investors may lean away from technology counters especially after Nasdaq fell under the psychological 12,000 level,” it said. Among heavyweight counters, Malayan Banking Bhd was one sen lower at RM8.64, Public Bank Bhd fell one sen to RM3.92, Petronas Chemicals Group Bhd shed nine sen to RM7.11, and CIMB Group Holdings Bhd eased two sen to RM5.14, while CelcomDigi Bhd rose one sen to RM4.42. The FBM ACE Index was 6.55 points easier at 5,313.09 and the FBM 70 index fell 33.82 points to 13,595.79.
