KLCI falls to lowest point since October 2022

KUALA LUMPUR: The FBM KLCI fell to its lowest level in almost eight months as IHH Healthcare and Sime Darby Plantation weighed.

At closing, the market bellwether eased 4.52 points, or 0.33% to 1378.65, its lowest since October 13, 2022.

There were 378 gainers, 495 losers and 401 counters traded unchanged. Turnover was at 3.12 billion shares valued at RM1.73bil.

Among the KLCI component stocks, IHH eased 16 sen to RM5.72, Sime Darby Plantation fell 12 sen to RM4.27, PETRONAS Chemicals lost 11 sen to RM6.41 and Axiata declined seven sen to RM2.79.

Among the gainers on Bursa Malaysia, PETRONAS Dagangan jumped 94 sen to RM22.30, Hextar Technologies gained 64 sen to RM26 and Nestle rose 60 sen to RM132.10.

Edelteq closed its first day of listing at 73 sen, up 49 sen, or 204.17% with 104.52 million shares traded.

Meanwhile, the ringgit strengthen against the US dollar at 4.6015 to a US dollar.

US West Texas Intermediate crude rose 12 cents to US$71.86 and Brent gained 10 cents to US$76.39 per barrel.

Elsewhere in the region, Japan’s Nikkei 225 fell 1.82%, South Korea’s Kospi closed flat, China’s Shanghai Composite Index gained 0.08% and Hong Kong’s Hang Seng Index closed up 0.8%.