KUALA LUMPUR: Bursa Malaysia and key Asian markets were in the red early Thursday due to the weakness on Wall Street and gnawing worries about the trade war but Greatech Technology made a firm debut on the ACE Market.
At 9.11am, the FBM KLCI was down 6.77 points or 0.41% to 1,643.97. Turnover was 125.06 million shares valued atRM78.63mil. There were 104 gainers, 135 losers and 165 counters unchanged.
Meanwhile, Asian stocks stuttered, dogged by the uncertainty over an intractable US-China trade dispute, while oil prices flirted with five-month lows thanks to higher US crude inventories and a bleaker demand outlook, Reuters reported.
MSCI's broadest index of Asia-Pacific shares outside Japan ticked down 0.1%, slipping from a one-month high touched earlier this week, while Japan's Nikkei lost 0.3%.
Brent crude futures barely moved at US$60.01 in early trade after a 3.7% slide on Wednesday to US$59.97 a barrel. US West Texas Intermediate crude futures firmed slightly to US$51.29 per barrel.
At Bursa, Greatech rose 7.5 sen to 68.5 sen and it was the most active with 53.68 million shares done.
Plantations fell on weakness in crude palm oil prices. KL Kepong lost 30 sen to RM24.30 and PPB Group was down 20 sen to RM18.50.
Tenaga continued to trek south, down 12 sen to RM12.42 with 315,500 shares done.
Petronas Gas fell eight sen to RM17.72, Digi seven sen to RM4.82 while KESM lost six sen to RM6.90.
Also down seven each were IHH, Genting and MISC to RM5.61, RM6.55 and RM7.13 respectively.
However, Petronas Dagangan added 18 sen to RM25.50, Bermaz 10 sen to RM2.50 and Genetec five sen to RM1.25.
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