KLCI steps back 1.11 points as glove counters retreat

KUALA LUMPUR: The local bourse moved into negative territory on Monday as investors decided to take some money off the table while glove stocks weighed.

At 5pm, the 30-stock index was down 1.11 points to 1,584.24 points after moving between 1,590.67 and 1,582.20. The index opened 0.46 of-a-point easier at 1,584.89.

Turnover was at 7.84 billion shares valued at RM2.8bil. There were 542 gainers against 532 losers while 419 counters unchanged.

Dealers said there were some the local bourse traded sideways today as mixed sentiment weighed on buying patterns amid lack of catalyst.

Among the glove makers, Supermax shed 12 sen to RM3.83, Top Glove fell seven sen to RM4.68 and Hartalega declined three sen to RM8.95.

KLK shed 14 sen to RM22.86, CIMB lost six sen to RM4.35, Dialog declined five sen to RM3.06 and Tenaga fell four sen to RM10.22.

Public Bank and Hong Leong Financial Group lost two sen each to RM4.22 and RM17.46 respectively.

On the broader market, Pecca added 29 sen to RM3.32, KESM rose 26 sen to RM12.80, BSL Corp gained 25 sen to 97 sen and BAT advanced 22 sen to RM13.38.

Paragon Globe fell 36 sen to RM1.11, Cheetah lost 31 sen to RM2.17 and MPI shed 30 sen to RM39.70.

On the external front, Japan’s Nikkei 225 ended 0.82% higher at 30,089.25, hitting the 30,000-mark for the first time in more than two weeks.

South Korea’s Kospi ended up 8.03 points, or 0.26%, at 3,120.83.

Some regional markets including China and Hong Kong are closed today.

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FBM KLCI , Bursa Malaysia , KLCI


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