FBM KLCI pulls back in line with regional retreat

KUALA LUMPUR: The FBM KLCI ended the day in red on Friday in line with the weak performance of its regional peers.

The market bellwether ended down 6.85 points, or 0.43% to 1,601.65. It opened 6.71 points higher at 1,615.21.

Market breadth turned negative as losers overpowered the gainers on a ratio of 582-to-508 stocks. Traded volumes stood at 6.75 billion shares worth RM4.61bil as profit taking activities took control.

Dealers said the local bourse which tracked the performance of key Asian markets, was weighed down by banking and plantation stocks.

Kuala Lumpur Kepong fell 80 sen to RM22, Hong Leong Financial Group shed 42 sen to RM16.58, PPB declined 16 sen to RM18.50 and Press Metal lost 15 sen to RM5.20.

Maybank and Public Bank lost two sen each to RM8.23 and RM4.15 respectively. CIMB fell five sen to RM4.14, Hong Leong Bank declined six sen to RM17.82 and RHB Bank gave up six sen to RM5.21.

On the broader market, MPI tumbled 86 sen to RM38.80, Transocean lost 81 sen to RM3.99 and F&N fell 56 sen to RM30.

Stella Holdings added 29.5 sen to RM1.10, Batu Kawan gained 28 sen to RM18.50 and Lotte Chemical Titan rose 28 sen to RM3.23.

On the external front, MSCI's Asia ex-Japan stock index was weaker by 0.93%.

Japan’s Nikkei 225 Index fell 0.83% to close at 28,812.63.

South Korea’s Kospi closed down 26.21 points, or 0.83%, at 3,147.86.

Hong Kong’s Hang Seng index fell 2% to 28,724.88.

China’s CSI300 index fell 0.8% to 5,123.49, while the Shanghai Composite Index ended down 0.8% at 3,446.86.

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FBM KLCI , Bursa Malaysia , KLCI


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