KLCI wavers as Genting, Axiata dip

KUALA LUMPUR: Blue chips wavered in early Thursday trade as investors sought leads from institutional players after the previous day’s pullback with Genting and Axiata easing among the decliners.

At 9.05am, the FBM KLCI was down 0.52 of a point or 0.03% to 1,687.62. Turnover was 99.72 million shares valued at RM36.84mil. There were 118 gainers, 79 losers and 135 counters unchanged.

Asian shares rose after Wall Street managed to end higher, but gains were capped by political uncertainty in the United States and worries about weakening global economic growth, Reuters reported.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2%. It has gained 3.8% so far this month. Australian shares were 0.1% higher while Japan's Nikkei lost more than 0.3% in early trade.

At Bursa, Genting Bhd fell 12 sen to RM6.55 and Genting Malaysia six sen lower at RM3.20, MAHB five sen to RM8.07 while Axiata shed four sen to RM4.04.

RHB Bank fell five sen to RM5.44 and Hong Leong Bank four sen lower at RM20.64.

VS Industry rose 2.5 sen to 81 sen in active trade after positive reports while Bumi Armada was steadier, up 0.5 sen to 21.5 sen.

United Plantations was the top gainer, up 32 sen to RM26.12 with 100 shares done while KL Kepong gained 10 sen to RM24.70.

Petronas Dagangan gained 18 sen to RM25.78, MISC and HLFG eight sen each to RM6.72 and RM19.58.

Dutch Lady fell 42 sen to RM60.50 with 200 shares done but Nestle gained 10 sen to RM148.10 and F&N eight sen to RM34.18.