FBM KLCI loses ground for fifth straight session

KUALA LUMPUR: The FBM KLCI gave up earlier gains to end in the negative territory on Friday.

At 5pm, the 30-stock index closed down 0.88 of a point, or 0.06% at 1,441.97, booking declines for the fifth straight session. For the week, the index lost almost 1%, or 14.4%.

There were 453 gainers, 377 losers and 488 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.99 billion shares valued at RM2bil.

PETRONAS Dagangan is the biggest loser, easing 40 sen to RM21.62. Imaspro fell 20 sen to RM4.76, Rapid lost 16 sen to RM28.26 and Hong Leong Financial Group gave up 14 sen to RM16.40.

Nestle rose RM1 to RM117.50, Heineken gained 54 sen to RM22.26, F&N added 54 sen to RM27.50 and Dutch Lady advanced 50 sen to RM22.80.

Meanwhile, the ringgit was quoted at 4.6645, down 0.21% against the US dollar.

US West Texas Intermediate crude rose US$1.79 to US$71.13 and Brent gained US$1.88 to US$75.93 per barrel.

Elsewhere in the region, Japan’s Nikkei 225 fell 1.68%, Hong Kong’s Hang Seng Index declined 0.07%, South Korea’s Kospi closed up 1.03%, China’s CSI 300 index added 0.24% and Singapore’s Straits Times Index closed up 1.2%.

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