KLCI takes a hit after Wall St tumble


KUALA LUMPUR: Key Asian markets including Bursa Malaysia fell in early Thursday trade, as investor sentiment was rattled by the overnight tumble on Wall Street following reports that US President Donald Trump tried to influence a federal probe.

At 9.09am, the FBM KLCI was down 12.9 points or 0.73% to 1,762.75. Turnover was 322.95 million shares valued at RM145mil. Decliners thumped advancers 481 to 58 while 175 counters were unchanged.

Reuters reported Asian stocks fell on Thursday in line with global peers, and the dollar nursed deep losses against the yen as uncertainty mounted over Trump's future following reports that he tried to interfere with a federal investigation.

Equities in Asia took cues from Wall Street, where the Dow and S&P 500 both sank about 1.8% overnight MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4%. Japan's Nikkei shed 1.2%, Australian shares lost 1.1% and South Korea's Kospi declined 0.5%.

At Bursa, among the KLCI stocks, Petronas Gas fell 20 sen to RM18.84, Axiata 14 sen to RM5.26 and KL Kepong 12 sen lower at RM24.78.

Nestle was the top loser, down 50 sen to RM81.60  with 400 shares done, Aeon Credit 38 sen lower at RM19, KESM 36 sen to RM13.10, Scientex 14 sen lower at RM8.55. SAM Engineering and JHM lost 12 sen each to RM6.80 and RM4.70.

Priceworth lost 0.5 sen to 28.5 sen with 14.43 million shares done.

However, Hong Leong Bank gained 10 sen to RM14.18. Versatile added 10 sen to RM1.50, Solid gained 0.5 sen to RM1.35 and Lafarge edged up four sen to RM5.87.

UEM Sunrise rose three sen to RM1.32 in active trade while its call warrants C38 jumped 2.5 sen to 22 sen.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

   

Next In Business News

UUE inks underwriting deal with M&A Securities
NCT Group enters MoUs with Smartsel and Mikro
Pasukhas climbs 35% on contract news
Ringgit jumps 225 basis points at opening on mixed US economic data
Sustained buying interest boosts FBM KLCI
Trading ideas: Pasukhas, BHIC, JAKS, Protasco, Sarawak Cable, Epicon, Annum, Yinson, Ajinomoto
New warehouses poised to propel Tasco
Australian airport project expected to fuel PGF’s earnings
Epicon exits PN17 category
Duopharma’s new RM578mil contracts a positive

Others Also Read