KLCI ends lower as investors wait on the sidelines

KUALA LUMPUR: The FBM KLCI ended lower on Tuesday as cautious sentiment weighed on buying patterns amid lack of catalyst.

At 5pm, the benchmark index finished at 1,584.20, down 3.74 points, after moving between 1,589.11 and 1,583.07.

In the broader market, decliners outpaced gainers 589 to 419 while 444 counters were unchanged. Turnover stood at 3.82 billion shares worth RM2.37bil.

Dealers said investors would usually be in a cautious mode and likely to stay at the sideline in view of the tabling of Budget 2022 on Friday.

In today’s session, 10 of the 30 KLCI-component stocks rose, while 14 closed lower.

MR DIY rose 11 sen to RM3.78, Axiata added seven sen to RM4.04, Petronas Gas gained four sen to RM16.94 and Digi climbed three sen to RM4.37.

On the other hand, Petronas Dagangan fell 46 sen to RM20.04, KLK shed 34 sen to RM22.36, Hartalega lost 30 sen to RM5.82 and MISC declined 10 sen to RM7.01.

Among the banks, Maybank fell three sen to RM8.12, Public Bank declined one sen to RM4.23, CIMB Group added one sen to RM5.25, RHB Bank closed unchanged at RM5.70 and Hong Leong Bank gained two sen to RM18.86.

On the broader market, Genetec surged 70 sen to RM47.40, Khind added 37 sen to RM4.44 and Pentamaster rose 19 sen to RM5.43.

PMB Technology shed 66 sen to RM13.28, MPI lost 30 sen to RM45.50 and Ancom fell 13 sen to RM2.82.

On the external front, Japan’s Nikkei closed 1.8% higher at 29,106.01 while South Korea’s Kospi closed up 28.54 points, or 0.94%, at 3,049.08.

Hong Kong’s Hang Seng index fell 0.4%, to 26,038.27 and China’s CSI300 index fell 0.3% to 4,963.10.

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

KLCI , Bursa Malaysia , FBM KLCI


Next In Business News

Glove stocks rally as new Covid-19 variant spooks investors �
IJM Corp posts RM639mil net profit in Q2 on disposal gain�
Axiata signs science-based target initiative pledge to commit to net zero initiative
Aurelius Technologies aims to raise RM104.73mil from Main Market listing
Sime Darby earnings impacted by China industrial slowdown in Q1FY22
Hong Leong Bank posts stronger Q1FY22 earnings of RM858.25mil
Malaysia's exports for Jan-Oct 2021 surge 25% to top RM1 trillion
Bursa pares losses but remains broadly lower
Spectrum costs will dial up debt for some Apac telcos, including Malaysia
Australia dollar takes breather from Omicron shock

Others Also Read