At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.45 points or 0.62% to 1,509.46 from Thursday’s close of 1,518.91. The benchmark index opened 9.90 points easier at 1,509.01.
Decliners thumped gainers 382 to 47, while 183 counters were unchanged, 1,747 untraded, and 19 suspended.
Turnover stood at 120.43 million shares worth RM68.47 million.
As investors anticipate that heavier tariffs on Chinese gloves will benefit local glove players, Malacca Securities Sdn Bhd said it expects the rebound momentum to persist, supported by yesterday’s strong volume, suggesting bottom-fishing opportunities.
“Meanwhile, we maintain our view that investors will gravitate toward less affected sectors by reciprocal tariffs, including utilities and consumer products and services,” it said in a research note today.
Regionally, Japan’s Nikkei 225 slipped 2.47% to 33,878.41, Singapore’s Straits Times Index declined 1.27% to 3,892.17, and Hong Kong’s Hang Seng Index fell 1.52% to 22,849.81.
Back home, as for Bursa Malaysia’s heavyweights, IHH Healthcare advanced 5 sen to RM6.80, Press Metal was flat at RM4.87, Maybank shed 6 sen to RM10.20, Public Bank eased 2 sen to RM4.38, while TNB and CIMB declined 6 sen each to RM13.52 and RM7.07, respectively.
Among the actives, Jadi Imaging and Supermax both increased 1.5 sen to 3.5 sen and 79 sen, T7 inched up 0.5 sen to 33 sen, Oversea Enterprise and Velocity Capital were flat at 5 sen and 8 sen, while Sapura Energy and Elridge Energy inched down 0.5 sen each to 4 sen and 46 sen.
On the index board, the FBM Emas index dipped 81.97 points to 11,255.59, the FBMT 100 index was 77.13 points easier at 11,031.40, and the FBM Emas Shariah index shaved 78.32 points to 10,990.13.
The FBM 70 index lost 144.07 points to 16,008.58, while the FBM ACE index gave up 47.57 points to 4,660.74.
Sector-wise, the financial services index dropped 123.20 points to 18,357.71, the industrial products and services index trimmed 1.11 points to 148.68, the energy index went down 10.93 points to 724.21, and the plantation index narrowed 37.35 points to 7,368.18.