KLCI ends higher, bucking regional markets’ downtrend


KUALA LUMPUR: The FBM KLCI closed the day higher on Tuesday but sellers still ruled, in line with the overall sentiment at regional markets.

At 5pm, the 30-stocks index was up 2.07 points to 1,514.60. The index had earlier rose to a high of 1,517.39

Sellers led buyers by 658 to 326, while 443 counters traded unchanged. Volume was 4.37 billion shares, valued at RM2.67bil.

Reuters reported that Asian stocks hit their lowest this year on Tuesday on a third straight session of selling in Chinese internet giants, and real bond yields hit record lows ahead of a Federal Reserve policy meeting.

MSCI's broadest index of Asia-Pacific ex-Japan fell 2.2%, its lowest level since end-December.

China's CSI300 index ended down 3.53% at 4,751.31 while the Shanghai Composite index fell 2.49% to 3,381.18.

Hong Kong’s Hang Seng tumbled 4.22%, or 1,105.89 points to 25,086.43.

Japan’s Nikkei 225 advanced 0.49% to 27,970.22 while South Korea’s Kospi added 0.24% to 3,232.53.

On Bursa Malaysia, Genetec was the top gainer, surging RM1.68 to RM20.40, followed by Nestle, which added 80 sen to RM133.80 and PPB, which gained 20 sen to RM18.40.

Key losers on Bursa Malaysia include F&N, BIG Industries and ViTrox.

Among the heavyweights, Maybank closed unchanged at RM8, Tenaga added three sen to RM9.73, Public Bank gained one sen to RM4.01 and Genting rose three sen to RM4.84.

Top Glove fell 10 sen to RM4 and Hartalega declined nine sen to RM7.30.

Meanwhile, Brent crude oil added 18 cents to US$74.68 a barrel while US crude oil fell two cents to US$71.89 per barrel.

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