KLCI in negative territory on continued profit-taking

KUALA LUMPUR: The FBM KLCI ended the day in negative territory as traders continued to take profits, marking a second straight day of losses.

At 5pm, the FBM KLCI closed down 5.41 points, or 0.34% at 1,565.05. The index opened 3.21 points firmer at 1,573.67 this morning.

The market traded within a range of 11.86 points between an intra-day high of 1,580.68 and a low of 1,568.82 during the session.

There were 603 gainers against 602 decliners while 450 counters closed unchanged. Volume stood at 11.45 billion units worth RM5.54bil.

Dealers said selling pressure on glove counters continued ahead of the Covid-19 vaccine rollout.

Meanwhile, Asian peers were mixed with MSCI’s Asia ex-Japan stock index was lower by 1.7%.

South Korea’s Kospi closed 9.66 points, or 0.31%, lower at 3,070.09.

Japan markets are closed today for The Emperor’s Birthday holiday.

Hong Kong’s Hang Seng index rose 1.0% to 30,632.64 while China’s CSI300 index fell 0.3% to 5,579.67.

On Bursa Malaysia, MPI fell 86 sen to RM36.38, Hartalega declined 58 sen to RM11.06, KESM shed 40 sen to RM16.10 and Hong Leong Bank fell 28 sen to RM17.40.

Top Glove fell 11 sen to RM5.67, Supermax declined eight sen to RM5.45, Comfort Glove shed four sen to RM2.34 and Careplus closed three sen lower at RM1.91.

Frontken, the top gainer on Bursa Malaysia, jumped 45 sen to RM5.32. Pimpinan Ehsan rose 44 sen to RM1.93, Muda advanced 35 sen to RM3.80 and Mobilia gained 32.5 sen to 55.5 sen.

Top active traded stocks were Techna-X up one sen to 19 sen, AirAsia X up two sen to 10 sen and Industronics jumped 30 sen to 49 sen.

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KLCI , Bursa Malaysia , FBM KLCI


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