KLCI closes below 1,500-level; major markets in Asia closed for holidays


  • Markets
  • Thursday, 01 Oct 2020

KUALA LUMPUR: Bursa Malaysia came under selling pressure on Thursday as the key FBM KLCI closed below the crucial 1,500-level on blue-chip selling.

At 5pm, the benchmark FBM KLCI fell 8.05 points, or 0.53% to 1,496.77. The local bourse opened 3.24 points lower at 1,501.58 this morning.

There were 501 gainers, 499 counters fell while 404 counters closed unchanged. Traded volumes stood at 4.92 billion shares worth RM2.6bil.

KLCI-component stocks were overwhelmingly in the positive, with 21 decliners, five gainers and four counters closed unchanged.

On Bursa Malaysia, Nestle led the losers list, falling 90 sen to RM140.50, Carlsberg fell 40 sen to RM20.30, PPB fell 30 sen to RM18.70 and Hong Leong Financial Group shed 28 sen to RM14.

FGV closed 8.7%, or 10 sen lower to RM1.05 following the detention order on its palm oil issued by the US Customs and Border Protection (CBP).

The CBP said effective Sept 30, 2020, all US ports would detain palm oil and palm oil products made by FGV, its unit and its joint ventures.

Significant advancers on Bursa Malaysia are F&N, gaining 68 sen to RM32.78, Scientex rose 50 sen to RM11.10 and Vitrox added 44 sen to RM12.64.

Meanwhile, the ringgit was quoted at 4.1490, up 0.18% against the US dollar. The local currency was up 0.02% against the euro at 4.8662. It also up 0.11% against the pound sterling at 5.3227. It was down 0.28% against the Singapore dollar at 3.0425.

Brent crude was last traded at US$41.92 per barrel while US crude traded at US$39.78 per barrel.

Major markets across the region — including China, Hong Kong, South Korea and Taiwan — were closed on Thursday for holidays.

The Tokyo Stock Exchange (TSE) suspended share trading for the full day as a glitch in its electronic trading system caused the worst outage ever suffered by the world's third-largest stock market.

The TSE said trading would be halted all day and said it was not sure when it could recover its systems.

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KLCI , Bursa Malaysia , FGV , Tokyo Stock Exchange

   

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