KLCI tumbles 31 points; trading volume surges to record high

  • Markets
  • Monday, 03 Aug 2020

KUALA LUMPUR: The FBM KLCI closed down 31 points today after broad-based selling across Bursa Malaysia while trading volume on Bursa Malaysia surged to a record high.

At 5pm, the benchmarked index closed 1.94%, or 31.14 points to 1,572.61 after moving between 1,599.34 and 1,570.18. The index opened 8.74 points weaker at 1,595.01 this morning.

Losers led gainers by 707 to 505, while 294 counters traded unchanged. Trading volume high a record high of 13.12 billion shares valued at RM8.24bil.

Dealers said the performance of the local bourse was bogged down by selling interest in heavyweight counters such as Petronas Chemicals, Tenaga Nasional and Maybank.

Glovemakers continued to gain traction with some counters hitting record highs. Top Glove rose RM1 to a record of RM26.88 while Hartalega added 22 to RM20.50.

Laggards on the FBM KLCI movers were Petronas Chemicals, falling 28 sen to RM5.90, Tenaga shed 34 sen to RM11.10 and Maybank fell 17 sen to RM7.50.

Petronas Chemicals dragged the index lower by 3.3937 points, Tenaga pulled the index down by 2.9385 and Maybank nudged the index 2.8953 lower.

Nestle, PPB Group and Petronas Dagangan were the top losers on Bursa Malaysia, falling RM1.30, RM1.14 and 84 sen to RM140.70, RM18.56, and RM20.66 respectively.

Elsewhere in the region, Hong Kong’s Hang Seng index was down 137.22 points or 0.56% at 24,458.13.

The Shanghai Composite index was up 1.75% at 3,367.97 while the blue-chip CSI300 index was up 1.62%.

Japan’s Nikkei share average closed 2.24% higher at 22,195.38 while South Korea’s Kospi rose 1.67 points, or 0.07%, to 2,251.04

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

KLCI , Bursa Malaysia


Did you find this article insightful?


95% readers found this article insightful

Next In Business News

Mesiniaga sees turnaround in 2021 after dismal 2020
HLT Global reports robust growth in profit margins�
Hong Kong arrests 12, seizes US$116mil after stock scam
Axis REIT buys industrial property in Shah Alam
Teladan Setia’s public offer of 40.8m new shares oversubscribed 17.47 times
Beware of frothy SPACs, London Stock Exchange warns investors
Crude oil price surge pushes FBM KLCI above 1,600
Bank Negara forex reserves higher at US$109bil
Oil soars to near 14-month high as Opec+ extends output cuts into April
China blue-chip index ends lower after Beijing sets conservative growth target

Stories You'll Enjoy