KUALA LUMPUR: The FBM KLCI ended almost flat on Wednesday in the absence of market moving factors while the ringgit appreciated to three week high level against the US dollar.
The US dollar weakened as US bond yields dipped. The 10-year US Treasuries yield dipped to 1.620%, also its lowest levels since late March.
The ringgit was up 0.19% against the US dollar at 4.1272, touching its lowest level in about three weeks.
At 5pm, the benchmark index closed 0.57 of-a-point higher at 1,598.28. At the opening bell, the index rose 2.48 points to 1,600.19.
Sellers led buyers by 510 to 502, while 476 counters traded unchanged. Volume stood at 5.9 billion shares, valued at RM2.99bil.
Dealers said telcos and banking counters weighed the performance of the local bourse today.
Telekom Malaysia fell five sen to RM5.98, Digi shed four sen to RM4.29 and Maxis declined one sen to RM4.70.
Maybank fell one sen to RM8.31, Public Bank declined three sen to RM4.20, RHB Bank lost two sen to RM5.28, Hong Leong Bank lost 22 sen to RM18 and Hong Leong Financial Group closed 10 sen lower at RM17.20.
On the other hand, Hap Seng rose 18 sen to RM8.33, Supermax added 14 sen to RM4.60 and KLK added eight sen to RM22.58.
On the broader market, BLD Plantation jumped 30 sen to RM9.15, Dataprep rose 29.5 sen to RM1.05, Hengyuan rose 26 sen to RM5.47 and F&N added 22 sen to RM30.34.
MPI fell RM1.80 to RM39.90, Nestle declined 30 sen to RM135.50 and BAT lost 26 sen to RM13.74.
Meanwhile, Asia benchmark finished mostly higher today.
Japan’s Nikkei 225 was down 0.28% at 29,668.74 while South Korea’s Kospi index ended 13.30 points, or 0.42%, higher at 3,182.38.
Hong Kong’s Hang Seng index was up 403.58 points or 1.42% at 28,900.83.
China’s Shanghai Composite index was up 0.6% at 3,416.72, while the CSI300 index was up 0.83% to 4,980.63.