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

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KLCI , Bursa Malaysia

   

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