KUALA LUMPUR: The FBM KLCI closed lower on Friday and posted a weekly decline, as concerns over an economic slowdown persisted.
The benchmark index closed down 0.38 of a point to 1,480.55 taking its full-week drop to 0.99%, or 14.94 points.
Market breadth turned negative as losers overpowered the gainers on a ratio of 452-to-384 stocks. Traded volumes stood at 3.16 billion worth RM1.62bil.
Leading the losers on the key index was PETRONAS Dagangan, which fell 18 sen to RM22.30. Kuala Lumpur Kepong eased 14 sen to RM21.86, IOI Corp lost nine sen to RM3.91 and Sime Darby Plantation
declined eight sen to RM4.37.
Hong Leong Financial Group added 22 sen to RM18.62 and Hong Leong Bank gained 10 sen to RM20.44.
On the broader market, Malaysian Pacific Industries fell 30 sen to RM30, Computer Forms lost 30 sen to RM2.60 and Dutch Lady eased 22 sen to RM29.76.
Hextar Technologies jumped RM1.60 to RM24.28, KESM added 26 sen to RM6.98 and Negri Sembilan Oil Palms rose 19 sen to RM3.67.
Elsewhere in the region, Japan’s Nikkei 225 rose 0.6%, Hong Kong’s Hang Seng Index fell 0.3%, South Korea’s Kospi rose 1.12%, China’s CSI 300 closed up 0.31% and Singapore’s Straits Times Index fell 0.5%.
