Blue chips slip despite firm ringgit, industrial output


At Bursa, market sentiment was cautious despite industrial production index (IPI) grew at a much faster pace of 2% in November 2019 from a year ago, which was nearly double a Bloomberg survey of a 1.1% increase.

KUALA LUMPUR: Blue chips ended Friday morning on a cautious note, weighed down by Tenaga Nasional and Petronas Chemicals, despite the rally in the ringgit against the US dollar and also the stronger-than-expected November industrial output.

At 12.30pm, the FBM KLCI was down 3.75 points or 0.24% to 1,591.90. Turnover was 1.52 billion shares valued at RM710.94mil. Decliners beat advancers 374 to 281 while 387 counters were unchanged.

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