IHH Healthcare, PetChem drag KLCI into the red


  • Markets
  • Thursday, 09 Jun 2022

KUALA LUMPUR: IHH Healthcare Bhd, Petronas Chemicals Group Bhd and Sime Darby Plantation Bhd dragged the FBM KLCI into the red at midday on Thursday.

At lunch break, the benchmark index eased 9.27 points, or 0.61% to 1,514.59 amid a weak broader market.

Decliners beat advancers with 518 losers to 271 gainers while 354 counters were unchanged. Turnover was 1.8 billion shares valued at RM953.78mil.

Hong Leong Investment Bank said Bursa Malaysia is likely to stay in choppy mode ahead of t he key US May CPI data and FOMC meeting, coupled with the renewed political fluidity as the MoU expires on 31 July, paving way for a possible GE15 in 2H22.

“Crucial supports are pegged at 1,500-1,512 whilst resistances are situated near 1,531-1,554-1,565 zones,” it said.

IHH Healthcare lost 13 sen to RM6.40, dragging the index 1.7032 points lower. Petronas Chemicals fell 13 sen to RM9.72, pushing the index lower by 1.5478 points.

Sime Darby Plantation declined nine sen to RM4.74, nudging the index 0.9263 points lower and Tenaga Nasional eased nine sen to RM8.81, pushing the index 0.7670 points lower.

On the broader market, Malaysian Pacific Industries shed 60 sen to RM32.60, Batu Kawan fell 30 sen to RM27.02 and Kuala Lumpur Kepong lost 28 sen to RM25.18.

Petronas Dagangan added 42 sen to RM21.52, Heineken gained 26 sen to RM24.84 and Petron Malaysia rose 20 sen to RM7.36.

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FBM KLCI , KLCI , Bursa Malaysia

   

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