KUALA LUMPUR: The benchmark FBM KLCI ended in the negative territory on Monday, dragged by losses — including at Petronas Chemicals, Genting Bhd
— as well as mild profit taking activity
The benchmark index closed at 1,764.89, down by 7.41 after trading in a range of 1,774.43 and 1,764.89. There were 224 stocks advancing against 688 stocks declining while 345 counters unchanged. Volume declined to 2.31 billion units worth RM1.86bil.
Foreign funds were net seller at RM73mil mil while local institutions were net buyers at RM103.53mil and retailers took profit and were net sellers at RM30.53mil.
Asian market were trading mostly in red; Hang Seng increased 0.24% to 25,701.63 points, Nikkei 225 fell 0.02% to 19,682.57, Shanghai Composite was up by 0.07% to 3,110.06, South Korea’s Kospi fell 0.1% to 2,352.97, Taiwan Taiex shed 0.06% to 10,101.95 and Singapore’s Straits Times Index fell 0.15% to 3,214.55.
Meanwhile, European shares fell slightly on Monday, pulling back further from their highest point in almost two years, dragged lower by financials and as holidays in major markets such as the UK and the United States kept investors away.
Reuters reported European blue chips eased 0.1%. Spain’s IBEX fell 0.4% with shares of travel booking software firm Amadeus down another 2% and extending Friday’s losses. Germany’s DAX was little changed. UK markets were shut for a public holiday.
The top loser on Monday was British American Tobacco that fell 84 sen to RM44.20. MPI lost 40 sen to RM12.78 while Bursa Malaysia fell 36 sen to RM10.60.
Ajinomoto was the top gainer, adding 60 sen to RM20. Panasonic Manufacturing rose 44 sen to RM36.98 and Allianz was 36 sen higher at RM12.60.
Among heavyweights, Petronas Chemicals closed 15 sen lower to RM7.25, Genting Bhd declined 21 sen to RM9.73, Tenaga Nasional Bhd fell 8 sen to RM13.72 and Petronas Gas shed 36 sen to RM18.60.
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