FBM KLCI extends losing streak on Thursday

KUALA LUMPUR: The FBM KLCI continued to head south, extending its downward streak to four sessions, in line with the weaker sentiment in regional bourses.

At 5pm, the 30-stock index fell 7.14 points, or 0.51% to 1,402.48, its lowest since late March 2023.

Losers outpaced gainers 556 to 293, while 409 counters were unchanged. Turnover was at 2.36 billion shares valued at RM1.63bil.

Dealers said buying interest remained frayed amid the absence of market-moving factors.

According to data from Bursa Malaysia, foreign investors were net sellers at RM33mil while retail investors acquired RM33mil worth of equities.

Among the losers, Kuala Lumpur Kepong slid 76 sen to RM21.78, PETRONAS Dagangan fell 34 sen to RM22, KESM lost 25 sen to RM6.81 and F&N eased 24 sen to RM25.98.

On the other hand, Malaysian Pacific Industries jumped 42 sen to RM25.72, Sam Engineering rose 41 sen to RM4.40, Rapid gained 28 sen to RM20.40 and Heineken added 22 sen to RM26.74.

Meanwhile, regional markets closed lower. The Hong Kong Hang Seng lost 1.93% to settle at 18,746.92, while the Shanghai Composite was down a marginal 0.11% to 3,201.26.

Japan’s Nikkei 225 rose 0.4% to 30,801.13 and South Korea’s Kospi fell 0.5% to 2,554.69.

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KLCI , FBM KLCI , Bursa Malaysia


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