KUALA LUMPUR: Bursa Malaysia opened slightly higher but declined thereafter as weak market sentiment caused index-linked stocks to fall. At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.23 points to 1,542.26 from Friday’s 1,554.49, after opening 2.58 points firmer at 1,557.07 this morning. We expect the FBM KLCI to dip below its immediate support of 1,550. Among the heavyweights on Bursa Malaysia, Maybank eased four sen to RM8.47, Tenaga fell 40 sen to RM12.34, while Public Bank and Petronas Chemicals were each 16 sen lower at RM18.18 and RM6.29, respectively. Sector-wise, the Industrial Products and Services Index inched down 1.26 points to 144.12, the Financial Services Index was 102.15 points lower at 14,879.01 and the Plantation Index perked 14.97 points to 7,322.88.

Source: New Strait Times February 10, 2020 02:03 UTC