FBM KLCI bucks regional trend to end lower

KUALA LUMPUR: The FBM KLCI bucked regional trends and closed lower on Monday in the absence of fresh catalysts amid rising number of Covid-19 cases in the country.

At 5pm, the FBM KLCI was down 8.09 points or 0.5% to 1,600.29. Turnover was 7.46 billion shares valued at RM4.10bil.

Market breadth turned negative as losers overpowered the gainers on a ratio of 739-to-397 stocks.

In today’s session, 21 of the KLCI-component stocks closed in red while only six counters traded higher and three counters remained unchanged.

Malaysia recorded 2,078 Covid-19 cases on Monday, bringing the cumulative total to 377,132.

Supermax added 13 sen to RM5.44, Telekom Malaysia rose six sen to RM5.96, Hong Leong Financial group added two sen to RM16.76 and Sime Darby gained two sen to RM2.36.

KLK lost 26 sen to RM21.90, Petronas Dagangan shed 24 sen to RM20.02, Nestle fell 20 sen to RM136.30, MISC declined 14 sen to RM6.68 and Hap Seng gave up 14 sen to RM6.68.

On the broader market, BAT jumped 60 sen to RM14.40, Dataprep added 46 sen to RM2 and BLD Plantation gained 30 sen to RM9.50.

MPI fell 50 sen to RM39.08, Carlsberg declined 24 sen to RM20.02 and Aeon Credit lost 16 sen to RM12.74.

Meanwhile, Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while Covid-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections, Reuters reported.

Japan’s Nikkei 225 Index rose 0.01% to 29,685.37.

South Korea’s Kospi ended up 0.22 points, or 0.01%, to 3,198.84.

Hong Kong’s Hang Seng index rose 0.5% to 29,106.15, while the China Enterprises Index gained 0.6% to 11,092.95.

China’s CSI300 index rose 2.4% to 5,087.02 and the Shanghai Composite Index climbed 1.5% to 3,477.55.

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KLCI , Bursa Malaysia , FBM KLCI


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