For the month, the FBM KLCI is down 3.18% and year-to-date, it is down 8.02%.
The Organization of the Petroleum Exporting Countries will meet in Vienna on Wednesday aiming to implement an agreement outlined in September to cut output by around 1 million barrels per day (bpd), from around 33.82 million bpd in October.
US light crude oil fell 53 cents to US$46.55 and Brent lost 45 cents to US$47.79.
China's blue-chip CSI300 index on Tuesday rose seventh straight day to strike an 11-month high, with big-cap industry leaders easily outperforming growth stocks, Reuters reported.
The blue-chip CSI300 index rose 0.8%, to 3,564.04, while the Shanghai Composite Index gained 0.2% to 3,282.92, Reuters reported.
At Bursa, Maxis fell nine sen to RM5.91 and erased 1.11 points from the KLCI but Axiata rose 11 sen to RM4.32 and added 1.62 points to the KLCI. Digi fell two sen to RM4.95 and Telekom 10 sen lower at RM6.17.
Genting Bhd
fell 12 sen to RM7.97 and wiped out 0.74 of a point while Genting Malaysia was down six sen to RM4.77. Tenaga shed six sen to RM14.08.
Crude palm oil for third-month delivery fell RM26 to RM3,051 per tonne. PPB Group lost 26 sen to RM15.72, KL Kepong lost 10 sen to RM23.88, Sime Darby shed one sen to RM8.15 while IOI Corp was flat at RM4.36. Genting Plantations rose 10 sen to RM10.64.
Among the banks Maybank rose 14 sen to RM7.89 and boosted the KLCI by 2.34 points, Public Bank added four sen to RM19.58, Hong Leong Bank two sen to RM13.28 but CIMB shed four sen to RM4.62.
As for oil stocks, Petronas Gas fell four sen to RM21.36 but Petronas Chemicals gained one sen to RM6.80 and Petronas Dagangan six sen higher at RM23.52. SapuraKencana lost three sen to RM1.41.
Panasonic Malaysia was the top loser, down 72 sen to RM34.58, Perstima lost 26 sen to RM6.68 while DKSH gave up 25 sen to RM4.75 and UMW was down 17 sen to RM4.87.
Ajinomoto fell 24 sen to RM13.08, Carlsberg lost 18 sen to RM13.82 and BAT 16 sen lower at RM44.04. However, Dutch Lady rose 10 sen to RM55.40.
Among the key regional markets,
Japan’s Nikkei 225 fell 0.27% to 18,307.04;
Hong Kong’s Hang Seng Index lost 0.41% to 22,737.07;
CSI 300 rose 0.82% to 3,564.04;
Shanghai’s Composite Index added 0.18% to 3,282.92;
Hang Seng China Enterprise fell 0.3% to 9,846.21;
Taiwan’s Taiex lost 0.32% to 9,192.38;
South Korea’s Kospi edge dup 0.01% to 1,978.39;
Singapore’s Straits Times Index gained 0.16% to 2,879.14.
Spot gold fell US$6.22 to US$1,187.78.
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