FBM KLCI weighed down by political uncertainty rumour


KUALA LUMPUR: The consolidation on the local bourse continued on Friday amid speculation on Malaysia’s political developments.

At closing, the FBM KLCI eased 4.74 points, or 0.3% to 1,575.16. The index opened 3.37 points higher at 1,583.27 this morning.

Across Bursa Malaysia, there were 531 decliners against 443 gainers while 476 closed unchanged. Trading volume stood at 5.32 billion shares worth RM2.97bil.

Foreign funds sold RM50mil worth of local equities on Thursday, according to data on Bursa Malaysia.

Local institutions acquired RM16mil equities while retailers bought RM34mil worth of equities on Bursa Malaysia yesterday.

MPI, Nestle, Transocean and Central Global are among the top gainers on Bursa Malaysia. MPI surged RM1.80 to RM39.30, Nestle rose RM1 to RM135.80, Transocean climbed 63 sen to RM4.87 and Central Global gained 62 sen to RM2.71.

Among the losers, CI Holdings fell 28 sen to RM3.42, Kuala Lumpur Kepong lost 26 sen to RM21.54 and Pecca shed 20 sen to RM4.41.

All the index-linked gloves counters closed lower. Hartalega fell 12 sen to RM8.30, Supermax declined 11 sen to RM3.71 and Top Glove shed eight sen to RM4.72.

Reuters reported that oil prices rose on Friday to fresh multi-year highs and were set for their third weekly jump on expectations of a recovery in fuel demand.

Brent crude futures edged up 21 cents to US$72.73 a barrel to 0810 GMT, after closing at its highest since May 2019 on Thursday.

Among the key regional markets:

Japan’s Nikkei 225 fell 0.034% at 28,948.73;

South Korea’s Kospi gained 0.77% to 3,249.32;

Shanghai Composite Index fell 0.58%to 3,589.75;

Hong Kong’s Hang Seng Index added 0.34% to 28,837.70;

Taiwan’s Taiex rose 0.32% to 17,213.52 and;

Singapore’s Straits Times Index eased 0.14% to 3,157.97 points.

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KLCI , Bursa Malaysia , FBM KLCI

   

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