KLCI en route to third day of losses

KUALA LUMPUR: The FBM KLCI continued to lose ground, en route to a third straight day of losses after investors failed to gain confidence from Wall Street's positive performance overnight.

At 12.30pm, the key index was down 11.27 points to 1,605.46. The market breadth had turned negative with 723 decliners versus 300 gainers.

Investors had taken a step back from the recovery-themed rally on Bursa Malaysia amid political developments and as some were cautious that the rally had been overdone.

Maybank was down four sen to RM8.29, Public Bank slid one sen to RM4.21 and Hong Leong Bank fell six sen to RM19.02.

Other laggards included Petronas Chemicals down 11 sen to RM8.09, Hartalega sliding seven sen to RM9.63 and Petronas Gas shedding 20 sen to RM15.54.

Actives included Berjaya up 5.5 sen to 28 sen, Widad up eight sne to 51.5 sen and Dynacia down two sen to 12.5 sen.

In Asia, markets were dragged lower by a retreat in Chinese stocks following a recent rally.

Japan's Nikkei dropped 0.1% and South Korea's Kopsi shed 0.6%.

In China, the composite index fell 1.4% while Hong Kong's Hang Seng slid 1.5%.

Australia's ASX@00 was down 0.1%.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Bursa Malaysia , FBM KLCI , equities


Next In Business News

Zafrul: Govt to strengthen fiscal position, broaden revenue base
MEDAC: MSMEs suffered RM40.7b losses in 2020
Frontken 2Q earnings climb to RM24.74mil on strong semiconductor demand
MRT to announce date for MRT 3 tender after strong interest
CTOS Digital buys minority stake in RAM for RM10m
MAG proposes one warrant for four shares to raise RM84.9m
Mild optimism on China rebound, vaccination rates
Ringgit opens higher as US keeps policy status quo
IJM Corp shares inch up on 15 sen dividend plan
How courage has led a local pet store to digitalise and thrive

Stories You'll Enjoy