KUALA LUMPUR: Bursa Malaysia looked set to end the week on a consolidation pattern as the corporate earnings season entered its final day, while the Thanksgiving holiday on Wall Street left few leads for Asian markets.
Following the dip in the previous session, the FBM KLCI fell 1.29 points at Friday's open to 1,616.75.
The benchmark index had been caught in range-bound trading over the week as the absence of fresh domestic leads gave invstors little inspiration.
Despite the subdued mood, Rakuten Trade said bargain-hunting activities should emerge anytime soon amid the absence of headwinds.
"As for corporate results, it
has been a mixed bag thus far with most coming in within consensus expectations. As such, we expect the index to hover within the 1,615-1,625 range today," it said in a note.
In early trading, ACE Market debutant Foodie Media topped the actives list aftering surging 12.5 sen to 42.5 sen on 67.32 million shares done.
Sentoria was down 0.5 sen to two sen while MMAB was unchanged at 7.5 sen.
Of blue chips, YTL Power dropped eight sen to RM3.48 on profit-taking while Axiata dropped six sen to RM2.53 and QL Resources shed six sen to RM4.19 following the recent announcement of the companies' respective results.
