Bursa turns red at mid-morning

KUALA LUMPUR: Bursa Malaysia erased earlier gains at the opening and turned red across the board in line with Asian peers and on the back of news that China would be making a request to the World Trade Organisation to impose sanctions on the United States (US).

At 11.04am, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 11.52 points to 1,787.65 after opening 11.02 points higher at 1,810.19.

Market breadth was negative as losers led gainers 705 to 140, with 240 counters unchanged, 798 untraded and 44 others suspended.

Turnover stood at 957.09 million shares worth RM940.58 million.

Among actives, Sapura Energy rose one sen to 34.5 sen, Nexgram and Borneo Oil fell half-a-sen each to two sen and five sen respectively and My EG declined eight sen to RM1.55.

The FBM Emas Index dropped 106.05 points to 12,456.38, the FBMT 100 Index shed 99.41 points to 12,282.15, with the FBM Emas Shariah Index losing 104.22 points to 12,579.31, as the FBM Ace Index went down 107.94 points to 5,038.78.

However, the FBM 70 depreciated 195.89 points to 14,740.93.

Sector-wise, the Finance Index declined 123.34 points to 17,672.73 and the Industrial Index fell 5.5 points to 3,216.05, while the Plantation Index lost 34.15 points to 7,470.68.