KLCI reverses gains, falls 7.64 points

KUALA LUMPUR: Despite opening higher, the FBM KLCI succumbed to mild profit-taking activities as the key index lingered mostly in the negative territory in the afternoon session.

At 5pm, the benchmark index closed 7.64 points, or 0.47% lower at 1,601.88. The index opened 1.54 points higher at 1,611.06 this morning.

Market breadth turned negative as losers overpowered the gainers on a ratio of 624-to-497 stocks. Traded volumes stood at 6.8 billion shares valued at RM4.82bil.

KLCI-component stocks were mostly in the negative, with 18 decliners, six gainers and the remaining counters closed unchanged.

On Bursa Malaysia, KESM is the biggest loser, easing 66 sen to RM16.84. Petronas Dagangan fell 64 sen to RM20.66, Unisem shed 38 sen to RM7.45 and Supermax declined 34 sen to RM6.34.

Carlsberg, the top gainer on Bursa Malaysia, rose 54 sen to RM21.64. Nestle gained 50 sen to RM139, Toyo Ventures added 46 sen to RM3.89 and PMB Technology climbed 42 sen to RM5.75.

Among the heavyweights, Maybank rose two sen to RM8.10, Public Ban shed eight sen to RM20.90, Petronas Chemicals added 23 sen to RM7.51 and Tenaga Nasional fell eight sen to RM10.

Renewable energy players were among the most actively traded stocks today. Vsolar Group closed unchanged at four sen with 352.9 million shares traded. Samaiden added four sen to RM1.72 with 154.6 million shares done. Cypark rose four sen to RM1.38.

Meanwhile, the ringgit, rose 0.05% to 4.0498 against the US dollar. The local currency was down 0.38% against the euro at 4.9065. It also fell 0.54% against the pound sterling at 5.5081 and 0.3% against the Singapore dollar at 3.0465.

Brent crude added 60 cents to US$55.35 per barrel while US crude traded at US$52.58 per barrel, up 22 cents.

Spot gold edged up 0.1% to US$1,843.13per ounce.

Asia benchmark finished mostly higher with Japan’s Nikkei 225 Index ended 1.39% higher at 28,633.46, while the broader Topix inched up 0.56% to 1,855.84.

South Korea’s KOSPI index closed up 78.73 points, or 2.61%, at 3,092.66.

China’s CSI300 index fell 1.5% to 5,437.52, while the Shanghai Composite Index slipped 0.8% to 3,566.38.

Reuters reported that Hong Kong’s Hang Seng index rose 2.7%, to 29,642.28, the highest closing level since May 3, 2019.

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KLCI , Bursa Malaysia , FBM KLCI


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