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KUALA LUMPUR: The mild gains on Bursa Malaysia in the previous session pointed to cautious buying despite ongoing bullishness on Wall Street.
According to Apex Securities Research, there could be window dressing activities taking place among blue chips while lower liners are expected to build on recent gains due to the calmer market conditions.
"Still, any gains will be measured as trading activities thinned ahead of the extended weekend break," it said in a note.
At the open, the benchmark FBM KLCI was down 0.33 points to 1,453.86 amid a cautious start.
QL Resources rose six sen to RM5.79 while PETRONAS Dagangan added eight sen to RM22.14.
Among banks, Hong Leong Bank was up 10 sen to RM18.60 and CIMB added two sen to RM5.82.
On the broader market, stocks seeing profit-taking included Padini down three sen to RM3.50, Hibiscus Petroleum shedding two sen to RM2.56 and Gamuda falling two sen to RM4.58.
Cahya Mata was up three sen to RM1.08, Hartalega
gained three sen to RM2.80 and Pelikan added three sen to 20 sen.
Top actives included Sarawak Cable rising 3.5 sen to 42.5 sen, Minetec adding 1.5 sen to 17 sne and VSolar gaining 3.5 sen to 21 sen.
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