GE13: KLCI falls as investors take profit ahead of Parliament dissolution


By Liz Lee

KUALA LUMPUR: The FBM KLCI reversed its early gains on Wednesday to fall as much as 34 points as investors booked gains from the recent rally ahead of the Parliament dissolution announcement due at 11.30am.

At 10.30am, the KLCI fell 34.21 points to 1,650.79 after a short rally in the early trade, with 475.69 million shares done at a value of RM858.25mil. There were 71 counters up, 606 down and 192 unchanged.

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

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read