KLCI slips back on profit-taking; Maybank, TNB lead decline


KUALA LUMPUR: Bursa Malaysia was brought lower by profit-taking on Thursday morning following the 23-point rally in the previous session.

Most regional markets, however, rallied on Wall Street's continued rebound.

At 12.30pm, the FBM KLCI was 4.04 points lower at 1,705.23. Trunover was 1.23 billion shares valued at RM764.99mil. There were 376 advancers versus 303 decliners and 313 counters unchanged.

Maybank led the decline with an eight sen dip to RM9.41, while CIMB shed sixx sen to RM5.66 and Tenaga Nasional weighed 16 sen to RM14.54.

Among telcos, Digi fell seven sen to RM4.24 and Maxis slid three sen to RM5.20.

On the advancing end, MISC rose 10 sen to RM6.20 for a third straight day of gains, Hong Leong Bank added 22 sen to RM20.60 and Genting gained six sen to RM7.40.

Top active counters for the morning session were Seacera rising three sen to 26.5 sen, Prestariang gaining 6.5 sen to 59 sen and Datasonic adding two sen to 38 sen.

Heineken was one of the leading gainers, rising 34 sen to RM18.34, following the release of its third quarter earnings yesterday.

Also seeing positive momentum was Shangri-La jumping 43 sen to RM5.95, KESM climbing 30 sen to RM10.50 and Carlsberg adding 20 sen to RM18.

Leading laggards included Ajinomoto dropping 46 sen to RM17.94, F&N trimming 24 sen to RM33.46 and Top Glove falling 14 sen to RM5.80.

In oil markets, prices came under pressure as US inventories climbed for a sixth straight week. WTI crude dropped 36 cents to US$64.95 a barrel while Brent crude fell 44 cents to US$74.60 a barrel.

The ringgit was marginally weaker against the US dollar at 4.1858. It fell 0.85% against the pound sterling to 5.3781 and 0.22% against the Singapore dollar to 3.0276. 

 

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