FBM KLCI dips into red amid ongoing consolidation

KUALA LUMPUR: The FBM KLCI slid into negative territory at midday as the index failed to make headway amid an absence of trading leads.

Coming out of the weekend, several global markets remained closed for national holidays.

At 12.30pm, the key index was down 2.79 points to 1,582.56.

Maybank led gains with a six sen increase to RM8.31 while Hong Leong Bank added 12 sen to RM18.66.

However, Press Metal was down six sen to RM10, Top Glove dropped four sen to RM4.71 and Public bank shed three sen to RM4.21.

Semiconductor stocks were positive as the tech sector came back into the spotlight.

KESM rose 26 sen to RM12..80, Unisem gained 15 sne to RM8.40 and D&O Green Technologies climbed 12 sen to RM4.63.

Of actives, Parkson rose three sen to 28 sen, Matang put on 1.5 sen to 13.5 sen and Berjaya Corp gained two sen to 47 sen.

In Asian markets, equities were generally higher amid positive factory data and falling US unemployment figures.

Japan's Nikkei was up 0.9% while South Korea's Kospi was flat.

China's and Hong Kong's stock exchange were closed for the Qingming festival while Australia's markets remained shuttered for Easter Monday.
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Bursa Malaysia , FBM KLCI , equities


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