FBM KLCI edges lower in line with regional retreat

  • Markets
  • Thursday, 02 Jun 2022

KUALA LUMPUR: The FBM KLCI ended the day lower in line with the performance of its regional peers.

At 5pm, the benchmark index closed 3.51 points, or 0.23% lower at 1,549.90. It has risen to an intraday high of 1,555.54.

The broader market was mixed, with 423 counters closing higher, versus 481 that fell and 383 that closed unchanged. About 2.48 billion shares, valued at RM1.89bil, changed hands.

Dealers said the performance of the local bourse tracked its regional peers, amid the lack of market-moving factors.

Japan’s Nikkei 225 slipped 0.16% to 27,413.88 while South Korea’s Kospi index ended down 26.91 points, or 1.00%, at 2,658.99.

Hong Kong’s Hang Seng index closed down 1% to 21,082.13.

The blue-chip CSI300 index rose 0.2%, to 4,089.57, while the Shanghai Composite Index gained 0.4% to 3,195.46 points.

On Bursa Malaysia, Petronas Dagangan surged 88 sen to RM22.50, Malaysian Pacific Industries added 40 sen to RM32.40, F&N gained 38 sen to RM20 and Aeon Credit rose 28 sen to RM14.88.

PPB Group lost 20 sen to RM16.40, British American Tobacco fell 16 sen to RM12.20, Genting Plantations eased 15 sen to RM7.37 and Hap Seng Consolidated declined 15 sen to RM7.75.

Sapura Energy, which has been classified as a PN17, fell one sen to six sen. It is the most actively traded counter with 296.76 million shares done.

Meanwhile, Reuters reported that oil prices slumped following a report of reassurances from Saudi Arabia over production.

US light crude oil lost US$2.42 to US$112.84 and Brent eased US$2.57 to US$113.72 per barrel.

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FBM KLCI , Bursa Malaysia , KLCI


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