KL shares open lower on profit-taking

At 9.40am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.74 points lower at 1,852.78 after opening 4.67 points easier at 1,859.49.

Dealers said the market moved in line with regional peers following significant falls on Wall Street overnight as worse-than-expected Chinese trade data dragged sentiment.

Market breadth was negative with losers outnumbering gainers 383 to 115, while 199 counters were unchanged, 920 untraded and 14 others were suspended.

Turnover stood at 425.9 million shares worth RM226.16 million.

On the scoreboard, the Industrial Index fell 20.66 points to 3,187.75, the Plantation Index slipped 21.84 points to 8,973.54 and the Finance Index lost 49.092 points for 16,888.79.

The FBM Emas Index decreased 53.06 points to 12,851.49, the FBMT100 Index slipped 51.73 points to 12,495.68, the FBM 70 dropped 82.71 points to 14,086.58 and the FBM Ace declined 40.92 points to 6,743.84.

Among actives, KNM-WA gained 1.5 sen to 38.5 sen, PDZ was flat at 14.5 sen and KNM rose 2.5 sen to 90.5.

As for heavyweights, Maybank fell one sen to RM9.74, Tenaga dropped four sen to RM11.88 and CIMB lost five sen to RM7.40.