FBM KLCI tumbles 8.02 points to below 1,400-level

  • Markets
  • Tuesday, 30 May 2023

KUALA LUMPUR: The FBM KLCI finished below the critical support level of 1,400 on Tuesday as sellers dominated the market amid profit-taking activities.

At 5pm, the 30-stock index closed down 8.02 points, or 0.57% at 1,396.91, its lowest since March 16 and also intraday low.

The broader market displayed its weakness as profit-takers triumphed over bargain-hunters. There were 358 gainers, 466 losers and 431 counters traded unchanged on the Bursa Malaysia.

About 2.38 billion shares, valued at RM2.01bil, changed hands.

According to data on Bursa Malaysia, foreign investors continued to sell local stocks on Monday, offloading RM79mil worth of equities.

Local institutions and retailers acquired equities worth RM56mil and RM23mil respectively.

Among the losers on Bursa Malaysia, Nestle slid RM2.60 to RM130, PETRONAS Dagangan eased 52 sen to RM21.82, British American Tobacco fell 50 sen to RM10.32 and Heineken declined 30 sen to RM26.70.

On the other hand, Allianz rose 36 sen to RM14.36, KLCCP Stapled Group gained 14 sen to RM7.10, Gamuda added 13 sen to RM4.26 and DKSH climbed 11 sen to RM5.32.

Asian benchmarks finished mostly higher with Japan’s Nikkei 225 and South Korea’s Kospi adding 0.3% and 1.04% respectively.

Hong Kong’s Hang Seng index rose 0.24% and Shanghai Composite Index closed up 0.086%.

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KLCI , FBM KLCI , Bursa Malaysia


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