FBM KLCI falls on profit-taking after early gains

KUALA LUMPUR: Despite opening higher at the start of the trading session, the FBM KLCI finished lower, aligning with regional trends.

The 30-stock index closed 2.45 points, or 0.15% lower to 1,615.82. The market traded within a range of 9.97 points between an intra-day high of 1,622.93 and a low of 1,612.96 during the session.

All indices on Bursa Malaysia ended higher, except for the Bursa Malaysia consumer products & services index.

Market breadth turned negative as losers overpowered the gainers on a ratio of 824-to-352 stocks. Traded volumes stood at 4.86 billion shares valued at RM3.8bil.

Among the losers, Carlsberg tumbled 42 sen to RM19.48, PETRONAS Dagangan fell 40 sen to RM19.56, Allianz lost 34 sen to RM22.46 and Sungei Bagan Rubber declined 25 sen to RM6.53.

Dutch Lady, the top gainer on Bursa Malaysia surged RM1.66 to RM35.42. Nestle rose 50 sen to RM127.90, Guan Chong added 49 sen to RM4.35 and PIE Industrial climbed 35 sen tpo RM6.25.

ACE Market debutant, Smart Asia Chemical rose six sen, or 15% to 46 sen with 74.07 million shares traded.

On the forex market, the ringgit was up 0.04% against the greenback to 4.6947. The local unit weakened 0.07% against the pound sterling to 5.9940 and 0.02% against the Singapore dollar to 3.4822.

Elsewhere in Asia, Japan’s Nikkei 225 index ended down 0.11% and South Korea’s Kospi slipped 0.005% while Hong Kong’s Hang Seng Index shed 0.03% and China’s CSI 300 Index closed down 0.73%.

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KLCI , FBM KLCI , Bursa Malaysia


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