KUALA LUMPUR: While the FBM KLCI swung into positive territory in chopping trade, the broader-market breadth indicated most stocks are losing ground.
At 5pm, the 30-stocks index closed 8.16 points, or 0.51% higher at 1,606.25. The index opened 1.53 points firmer at 1,599.81 this morning.
Market breadth turned negative as losers outnumbered advancers on a ratio of 801-to-323 stocks. Traded volumes stood at 6.49 billion shares valued at RM4.73bil.
Meanwhile, 13 of the FBM KLCI component stocks traded higher while 17 closed lower.
Hong Leong Financial Group shed 30 sen to RM16.90, Genting fell 19 sen to RM4.90, KLK lost 18 sen to RM22.40, Telekom Malaysia declined 11 sen to RM5.87 and Genting Malaysia gave up 10 sen to RM2.93.
Among the banks, Maybank lost one sen to RM8.30, Public Bank added three sen to RM4.23, CIMB rose two sen to RM4.30 and Hong Leong bank fell six sen to RM17.94.
Transocean hit limit up rising 30 sen or 34.09% to RM1.18. Transocean has proposed to buy a 40% stake in Enfrasys Solutions Sdn Bhd from Enfrasys Consulting Sdn Bhd for RM20mil.
Elsewhere in the region, Japan’s Nikkei 225 closed 0.07% higher at 29,642.69.
South Korea’s Kospi closed up 11.95 points, or 0.38%, to 3,194.33.
Hong Kong’s Hang Seng index was down 107.69 points or 0.37% at 28,793.14.
China's Shanghai Composite index closed down 0.52% at 3,398.99 points, while the blue-chip CSI300 index ended down 0.64% at 4,948.97.