KUALA LUMPUR: Consumer stocks, long-time favourites among investors for their high-yielding dividends, ended Thursday lower as investors decided to take profit.
At 5pm, the FBM KLCI was down 7.06 points or 0.42% to 1,674.35. Turnover was 9.23 billion shares valued at RM4.33bil. The broader market was weaker with 790 decliners to 445 gainers and 454 counters unchanged.
Consumer stocks topped the losers list as investors viewed it was time to take some money off the table but trading volume was relatively small.
The ringgit firmed up against a weakening US dollar to 4.0352 at 5.50pm.
On the external front, Japan’s Nikkei 225 rose 0.18%, Shanghai Composite 1.13%, Hang Seng Index 0.82% higher but Singapore’s Straits Times Index fell 0.51%.
At Bursa, F&N fell 90 sen to RM31.90, Nestle 70 sen to RM137.60, Carlsberg 58 sen to RM23.82, Dutch Lady 20 sen to RM37.74 and BAT 16 sen to RM14.10.
Among the banks, Public Bank fell 38 sen to RM21.50 and erased 2.28 points from the KLCI, CIMB was down 10 sen to RM4.40 but Maybank rose three sen to RM8.70. Hong Leong Bank was flat at RM18.70.
Press Metal rose 17 sen to RM8.03, Tenaga Nasional was unchanged at RM10, IHH added three sen to RM5.77. Genting rose six sen to RM4.78 but GentingM gave up five sen to RM2.78.
Among the plantations, KL Keong was up 80 sen to RM24.80, PPB Group 18 sen to RM18.90, IOI Corp five sen to RM4.45 and Sime Plantation four sen to RM5.16.
US light crude oil rose 57 cents to US$48.39 and Brent also 57 cents higher at US$51.65.
Petronas Dagangan skidded 56 sen to RM19.94, Petronas Chemicals shed four sen to RM7.56 but Petronas Gas added two sen to RM17.40 and Dialog was up three sen to RM3.41.
As for glove makers, Top Glove shed seven sen to RMRM6.70 and Hartalega six sen to RM12.38. Supermax, which will be included in the KLCI next week, fell 21 sen to RM6.90 with 19.9 million shares done.
Among the telcos, Axiata advanced eight sen to RM3.95 and Digi one sen to RM4.21. However, Maxis shed one sen to RMRM5.09 and Telekom gave up part of the recent gains to decline 14 sen to RM5.35.
MR DIY rose 15 sen to RM3.09, and it is almost double from its IPO price of RM1.60.
Other gainers were Ralco, which jumped 24.5 sen to 95 sen, Perak Corp 20 sen to 43.5 sen and Khind 13 sen to RM2.90.