Bursa retreats on Public Bank, IHH losses


A weak ringgit, uninspiring earnings growth and policy uncertainties continue to damp foreign interest.

KUALA LUMPUR: Bursa Malaysia took a step back on Friday as profit taking on Public Bank and IHH Healthcare weighed on the FBM KLCI after the previous day's splendid rally.

At 5pm, the FBM KLCI was down 4.64 points or 0.29% to 1,593.34 and is down 5.75% year-to-date. Turnover was 2.79 billion shares valued at RM1.64bil, reflecting the poorer quality of trade. Decliners beat advancers 451 to 353 while 420

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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

Wall St set to open higher on tech boost, PCE data
US inflation rises in line with expectations in March
Gamuda Land announces retail partners for Gamuda Gardens
YNH reaffirms bondholders with remedied technical defaults
Ringgit ends firmer against US dollar
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih

Others Also Read