KLCI falls in early trade, heavyweights weigh


  • Markets
  • Wednesday, 05 Feb 2020

At Bursa, retail investors were net buyers on Bursa on Tuesday at RM53.9mil and local institutions at RM3.1mil while foreign funds were net sellers at RM57mil.

KUALA LUMPUR: Blue chips fell in early Wednesday trade, weighed down by losses in Tenaga Nasional, Petronas Chemicals and banks.

At 9.07am, the KLCI was down 5.74 points or 0.37% to 1,530.06. Turnover was 205.03 million shares valued at RM107.56mil. There were 222 gainers, 76 losers and 163 counters unchanged.

Asian stocks steadied on hopes of additional Chinese stimulus to lessen the economic impact of a coronavirus outbreak, but risks remain as the illness continues to spread and the death toll neared 500, Reuters reported.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3%. Australian shares were up 0.58%, while Japan's Nikkei stock index rose 1.19%.

At Bursa, retail investors were net buyers on Bursa on Tuesday at RM53.9mil and local institutions at RM3.1mil while foreign funds were net sellers at RM57mil.

Hong Leong Bank fell the most, down 16 sen to RM15.84 while HLFG and Public Bank lost 10 sen ech to RM16.10 and RM18.10.

Tenaga lost 12 sen to RM12.60.

Petronas Chemicals fell 11 sen to RM6.33 but Petronas Dagangan and Petronas Gas gained 24 sen each to RM22.42 and RM16.70.

As for semicon and technoloy related stocks, Dufu added 12 sen to RM4.14 and KESM 10 sen to RM9.65.

AirAsia eked out a one sen gain to RM1.16 with 9.68 million shares done.

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KLCI , foreign selling , banks

   

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