KUALA LUMPUR: The FBM KLCI ended higher on Tuesday but overall market breadth remained downbeat.
At 5pm, the 30-stock index rose 1.91 points, or 0.14% to 1,383.17 after moving between its intraday high of 1,383.58 and low of 1,377.35.
The broader market sagged, with decliners overtaking advancers 507 to 355 while 413 counters were unchanged. About 3.55 billion shares, valued at RM1.91bil, changed hands.
Foreign investors upped the ante in disposing of stocks listed on Bursa Malaysia, selling RM506.5mil of local equities last week, a level last seen in the middle of March.
In its weekly fund flow report, MIDF Research said foreign investors have been sellers of 16 out of 22 weeks this year, with a total net foreign outflow of RM2.96bil.
Local institutional investors turned net buyers last week at RM372.9mil while retailers acquired RM133.6mil worth of equities last week.
Among the losers on Bursa Malaysia, Panasonic Manufacturing
eased RM1.50 to RM19.86, Hong Leong Financial Group fell 52 sen to RM17.06, Carlsberg lost 46 sen to RM20.42 and Malaysian Pacific Industries slid 34 sen to RM27.
Hextar Technologies jumped 46 sen to RM25.36, PMB Technology rose 26 sen to RM3.89, Petron Malaysia added 23 sen to RM5 and IHH Healthcare gained 18 sen to RM5.88.
Meanwhile, regional equities closed mixed. Japan’s Nikkei 225 advanced 0.9% to 32,506.78 while South Korea’s Kospi closed up 0.54%, at 2,615.41.
Hong Kong’s Hang Seng ended 0.05% lower at 19,099.28.
China’s CSI300 index fell 0.94% to 3,808.16 while the Shanghai Composite eased 1.15% to 3,195.34.
