Downtrend continues

Local institutions were net sellers at RM36mil. The KLCI-component stocks were overwhelmingly negative, with 29 losers and one closed higher. Sime Darby Plantation Bhd, which fell 19 sen to RM4.60, Press Metal Aluminium Holdings Bhd fell 14 sen to RM4.84, and Petronas Chemicals Group Bhd eased 13 sen to RM9.53. Hartalega Holdings Bhd fell 19 sen to RM2.98, IHH Healthcare Bhd lost 11 sen to RM6.19 and Top Glove Corp Bhd declined two sen to RM1.01.

PETALING JAYA: The FBM KLCI continues its downtrend, dragged by losses in plantation and healthcare stocks amid the decline in most Asian markets.

The 30-stock index was down 22.23 points or 1.5% to 1,459.05 yesterday, its lowest since November 2020.