KLCI skids while glove counters come back into focus

KUALA LUMPUR: The FBM KLCI ended lower as profit-takers triumphed over bargain-hunters after the U.S. Federal Reserve raised interest rates but softened its tone on future hikes.

The market bellwether declined 1.06 points, or 0.08% to 1,410.98. The index dipped to an intraday low of 1,403.55.

There were 468 gainers, 434 losers and 406 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.18 billion shares valued at RM1.66bil.

Glove counters dominated the active list on Bursa Malaysia. Top Glove climbed seven sen to RM1.02 with 200.34 million shares traded.

Careplus added three sen to 33.5 sen with 101.2 million shares done while Hartalega rose five sen to RM2.02 with 37.81 million shares traded.

Among the losers on Bursa Malaysia, United Plantations lost 18 sen to RM16.38, AirAsia X fell 16 sen to RM1.31, DS Sigma eased 15.5 sen to 39 sen and Heineken declined 14 sen to RM27.10.

Carlsberg rose 30 sen to RM21, Kluang Rubber Company added 22 sen to RM3.85, PETRONAS Dagangan gained 22 sen to RM20.96 and ViTrox advanced 17 sen to RM7.88.

Meanwhile, US West Texas Intermediate crude fell 38 cents to US$70.63 and Brent lost 19 cents to US$76.50 per barrel.

On the external front, MSCI’s Asia ex-Japan stock index was higher by 1.49%.

Japan’s Nikkei 225 closed down 0.17% to 27,419.61 while South Korea’s Kospi rose 0.31%, at 2,424.48.

Hong Kong’s Hang Seng ended 2.34% higher at 20,049.64.

China’s CSI300 index added 0.99% to 4,039.09 while the Shanghai Composite advanced 0.64% to 3,286.65.

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KLCI , FBM KLCI , Bursa Malaysia


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