KLCI snaps out of winning streak, down 3.83 points

KUALA LUMPUR: Despite opening higher at the start of the opening bell, the FBM KLCI succumbed to profit taking activities on Monday.

At closing, the FBM KLCI ended 3.83 points, or 0.24% lower at 1,608.42. The index opened 1.71 higher at 1,613.96 this morning.

In the broader market, losers thumped gainers 667 to 411 while 412 counters unchanged. About 5.82 billion shares, valued at RM3.35bil, changed hands.

Dealers said the key index snapped a three-session winning streak as investors locked in profits in telcos and selected heavyweights.

Petronas Gas fell 20 sen to RM15.90, Hartalega shed 19 sen to RM9.70 and Hong Leong Bank declined 18 sen to RM18.34.

Axiata fell 18 sen to RM3.93, Digi lost 15 sen to RM4.31, Telekom Malaysia shed seven sen to RM6.02 and Maxis declined one sen to RM4.79.

Press Metal rose 16 sen to RM10.18, Hong Leong Financial Group gained 16 sen to RM17.46 and Petronas Chemicals added 15 sen to RM7.98.

On the broader market, MPI shed 28 sen to RM39.80, Cheetah lost 16 sen to RM1.66 and Mercury fell 15 sen to RM1.02.

Around the region, MSCI's Asia ex-Japan stock index was lower by 1.07%.

China’s CSI300 index fell 1.7%, to 4,947.75, while the Shanghai Composite index shed 1.1% to 3,412.95.

Hong Kong’s Hang Seng index was down 245.52 points, or 0.86%, at 28,453.28.

Japan’s Nikkei 225 fell 0.77% to 29,538.73 while South Korea’s Kospi closed up 3.71 points, or 0.12%, at 3,135.59.

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KLCI , Bursa Malaysia , FBM KLCI


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