KLCI pares losses but stays below 1,450-mark at closing

KUALA LUMPUR: The FBM KLCI pared some of its earlier losses to close lower on Tuesday amid a weak market sentiment.

At 5 pm, the FBM KLCI closed down 1.56 points, or 0.11% at 1,449.46. The market traded within a range of 7.01 points between an intra-day high of 1,451.59 and a low of 1,444.58 during the session.

In the broader market, losers outnumbered gainers 492 to 369, with 3.5 billion shares worth almost RM2bil changing hands.

Dealers said investors exhibited caution, anticipating crucial economic data releases from various countries.

On Bursa Malaysia, Heineken is the biggest loser, easing 38 22 to RM21.28. Hextar Technologies shed 20 sen to RM22.60, Hap Seng lost 14 sen to RM4.39 and Ayer declined 10 sen to RM7.09.

Nestle jumped RM1.10 to RM115, Dutch Lady added 38 sen to RM22.60, Malaysian Pacific Industries rose 36 sen to RM26.98 and Panasonic Manufacturing gained 30 sen to RM18.

Meanwhile, the ringgit was quoted at 4.6635, down 0.13% against the US dollar.

US West Texas Intermediate crude rose 70 cents to US$73.74 and Brent gained 72 cents to US$78.75 per barrel.

Elsewhere in the region, Japan’s Nikkei 225 fell 1.37%, Hong Kong’s Hang Seng Index closed down 1.91%, South Korea’s Kospi declined 0.82%, China’s composite index lost 1.67% and Singapore’s Straits Times Index declined 0.28%.

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Bursa Malaysia , FBM KLCI , KLCI , ringit


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