KLCI tumbles to 15-week low

KUALA LUMPUR: Bursa Malaysia saw a follow-through selling pressure on Tuesday, pushing the benchmark index to its lowest in over three months.

At 5pm, the FBM KLCI fell 11.23 points, or 0.73% to 1,531.30, its lowest since Feb 8. It has risen to an intraday high of 1,547.84.

The broader market sagged, with decliners overtaking advancers 696 to 247 while 406 counters were unchanged.

Market breadth was negative with 696 securities ending in the red versus 247 which closed higher. About 3.59 billion shares, valued at RM2.09bil, changed hands.

According to data on Bursa Malaysia, foreign investors and local institutions sold RM36mil and RM11mil of local equities respectively on Monday. Local retailers acquired RM47mil worth of equities.

In today’s session, 22 of the KLCI-component stocks closed lower while five counters chalked up gains and three counters unchanged.

On Bursa Malaysia, Nestle was the top loser, falling 90 sen to RM133.30, Malaysian Pacific Industries lost 76 sen to RM30.04, Hengyuan Refining fell 70 sen to RM6.60 and Petron Malaysia eased 53 sen to RM6.70.

Among the gainers, F&N closed 16 sen higher at RM20.72, Lee Swee Kiat Group gained 16 sen to 83 sen, Berjaya Food added 15 sen to RM4.35 and QL Resources climbed 15 sen to RM4.88.

Green Packet, the most actively traded counter on Bursa Malaysia fell 1.5 sen, or 15.79% to eight sen with 466.29 million shares done.

Meanwhile, the ringgit was quoted at 4.3942, down 0.11% against the US dollar.

The local currency was down 0.43% against the euro at 4.7079. It rose 0.57% against the pound sterling at 5.4843 and fell 0.09% against the Singapore dollar at 3.1939.

The Singapore dollar reached a record high of RM3.1964 on Monday, before easing to RM3.1950 later in the day.

US light crude oil fell 23 cents to US$110.06 and Brent lost 21 cents to US$113.21 per barrel.

On the external front, Japan’s Nikkei 225 closed 0.94% lower at 26,748.14 while South Korea’s Kospi fell 1.57% to 2,605.87.

Hong Kong’s Hang Seng closed down 1.75% to 20,112.10.

China’s CSI300 index was down 2.34% to 3,959.15 while the Shanghai Composite index ended 2.41% lower at 3,070.93.

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Bursa Malaysia , FBM KLCI , KLCI , ringgit


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