FBM KLCI retraces earlier losses to close flat

KUALA LUMPUR: The FBM KLCI bounced back from its earlier losses and ended the day without much change, as no major factors were driving its movements.

At 5pm, the market bellwether was nearly flat at 1,600.67, down 0.55 of a point, or 0.03%. The index hit an intraday low of 1,599.84. For the week, the index gained 0.7%.

Gainers led sellers by 601 to 538, while 494 counters traded unchanged. Trading volume stood at 4.62 billion units worth RM3.3bil.

Traders noted that the domestic stock market showed a sideways trading pattern today, with selling interspersed with buying activity.

Dutch Lady, the top loser on Bursa Malaysia, tumbled 96 sen to RM32.42. Heineken declined 32 sen to RM23.58, PPB lost 32 sen to RM15.48 and Kuala Lumpur Kepong fell 26 sen to RM22.66.

Sungei Bagan Rubber Company was the top gainer, rising 63 sen to RM5.60, followed by Kluang Rubber Co, which climbed 50 sen to RM5.31 and Nestle, which added 50 sen to RM129.

Elsewhere in the region, Japan’s Nikkei 225 rose 0.41%, Hong Kong’s Hang Seng Index closed up 2.3%, South Korea’s Kospi advanced 0.57%, China’s CSI300 Index added 0.05% and Singapore’s Straits Times Index rose 0.6%.

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KLCI , FBM KLCI , Bursa Malaysia


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