Bursa Malaysia reverses early gains to end lower


KUALA LUMPUR: The FBM KLCI reversed its earlier gains to end Monday lower, as its index declined 0.16% on profit-taking in selected heavyweights.

At closing, the 30-stocks index declined 2.51 points to 1,519.97 after moving between 1,533.80 and 1,518.73.

There were 511 gainers, 456 losers and 470 counters traded unchanged on the Bursa Malaysia. Turnover stood at 4.82 billion shares valued at RM3.43bil.

Among the 30 FBM KLCI constituents, Petronas Dagangan fell 30 sen to RM18.74, Hong Leong Financial Group shed 22 sen to RM17.66, Kuala Lumpur Kepong eased eight sen to RM19.72 and Telekom Malaysia declined eight sen to RM6.02.

Sime Darby Plantation rose nine sen to RM3.69, IHH Healthcare added six sen to RM5.75 and Tenaga gained six sen to RM9.76.

On the broader market, Genetec tumbled 90 sen to RM16.98, MPI lost 90 sen to RM41.70, K Seng Seng fell 40 sen to 94 sen,

Among the gloves, Top glove fell four sen to RM3.93, Hartalega added five sen to RM7.58, Kossan eased one sen to RM3.31 and Supermax declined three sen to RM3.39.

Meanwhile, Oil prices fell after an agreement over the weekend within the Opec+ group of producers to boost output at a time when the outlook for demand is still cloudy.

Brent crude was down US$2.13, or 2.89%, at US$71.46 a barrel while US crude oil was down US$2.14, or 2.98% per barrel.

Elsewhere in the region, MSCI's Asia ex-Japan stock index was lower by 1.39%.

Japan’s Nikkei 225 fell 1.25% to 27,652.74 while South Korea’s Kospi closed down 1%, at 3,244.04, marking the lowest close since July 9.

Hong Kong’s Hang Seng index was down 514.90 points, or 1.84%, at 27,489.78.

China’s CSI300 index was up 0.37% to 5,113.49 while the Shanghai Composite index was little-changed at 3,539.12.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Bursa Malaysia , KLCI , FBM KLCI

   

Next In Business News

Summary of top read business stories Sept 13 to 18
UK seeks to break down digital trade barriers
UK set for most widespread pay rises in over a decade
Oil giant Shell sets sights on sustainable aviation fuel take-off
U.S. opens probe into 30 million vehicles over air bag inflators
Nigeria to incorporate state-oil firm NNPC, board appointed
Egypt to sell minority stake in state payments firm e-finance
Steel players’ wish list for Budget 2022
Supporting the people and businesses during reopening of economy
Insight - Five mistakes Malaysians make with their money

Stories You'll Enjoy


Vouchers