KLCI bucks regional trend, drifts lower

  • Markets
  • Tuesday, 14 Jan 2020

KUALA LUMPUR: Bursa Malaysia bucked the regional trend to finish in negative territory today amid an overall cautious market, in contrast to the regional markets.

At 5pm, the benchmark FBM KLCI closed 4.13 points, or 0.26% to 1,580.60 points. The index opened 0.26 point higher at 1,584.99 this morning.

Market breadth on Bursa was negative with losers leading gainers 541 to 336, while 424 counters closed unchanged. Turnover stood at 2.65 billion shares worth RM1.77bil.

Dealers said investors were waiting for the signing of the truce to end a prolonged US-China trade war. In addition, the US Treasury Department said China should no longer be designated a currency manipulator - a label it applied as the yuan dropped in August.

Topping the top losers list on Bursa Malaysia, Dutch Lady erased 66 sen to RM46.64, Hong Leong Bank shed 36 sen to RM16.84 and Hong Leong Financial Group fell 22 sen to RM16.94.

The gainers included Allianz-PA, which added RM1 to RM17, Carlsberg rose 40 sen to RM30.10 and Dufu gained 33 sen to RM3.87.

Among the component stocks, Sime Darby Plantations fell 12 sen to RM5.30, Tenaga Nasional shed six sen to RM12.90, Public Bank fell eight sen to RM19.14 while CIMB fell two sen to RM5.18.

The ringgit gained 0.25% to the US dollar at 4.0725, fell 0.02% against the pound sterling at 5.2816, added 0.28% against the euro at 4.5340 and fell 0.13% to the Singapore dollar at 3.0210.

Regionally, Japan’s Nikkei added 0.73% to 24,025.17, while Hong Kong’s Hang Seng Index shed up 0.24% to 28,885.14, Singapore’s Straits Times Index went up 0.48% to 3,266.61 while South Korea’s Kospi 0.43% rose 2,238.88.

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KLCI , Bursa Malaysia


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