KUALA LUMPUR: Profit-taking set in after the FBM KLCI’s surge of 18.88 points the day before, with the index climbing – at one point – by as much as 10 points in morning trading, before slipping into negative territory and settling 1.58 points lower at the break on Friday.
Banking stocks proved to be a drag on the market, with Maybank the worst off, losing 16 sen while erasing 2.612 points from the index, while Petronas Chemical and Maxis and helped to mitigate.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!