KL shares opened moderately

KUALA LUMPUR: Share prices on Bursa Malaysia opened moderately in the absence of new indications and markets affected by losses in heavyweights, dealers said.

At 9:05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 4:27 per cent 1,874.44 1,879.24 after opening.

By HLIB Research, market sentiment is likely affected by geopolitical tensions in Ukraine and Iraq and the beginning of the fast.

"Unless restore KLCI trend, the local bourse is expected to remain stuck in profit-taking after the index hit a new high 1,892.3 on June 24," said a dealer, adding that the market may be able to record a slight increase ahead of the official data of China's economic growth today .

On the scoreboard, the Finance Index fell 28.68 points to 17,143.67, the Plantation Index declined 14:28 points to 9,216.63 and the Industrial Index lost 9.56 points to 3,234.29.

The FBM Gold Index slipped 24.64 points to 13,025.15 points, the FBMT100 fell 26.03 to 12,652.29 but the FBM ACE increased 36.69 points to 6,705.48 and the FBM 70 fell 18.47 points to 14,198.21.

Market trends are positive with gainers outpacing losers 117 versus 91 while 1,429 counters were unchanged.

A total of 86 million shares valued at RM29 million changed hands.

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