Broad selling across Bursa Malaysia

KUALA LUMPUR: Bursa Malaysia started the week on a lower note on Monday, with a significant downturn as more stocks registered losses compared to those showing gains.

At 5pm, the benchmark FBM KLCI finished at 1,589.66, down a negligible 0.71 of-a-point, after moving between 1,594.09 and 1,582.78.

All indices on Bursa Malaysia, except for the Bursa Malaysia Industrial Products & Services and Bursa Malaysia Construction indices, were down.

The broader market displayed its weakness as profit-takers triumphed over bargain-hunters. There were 302 gainers, 914 losers and 447 counters traded unchanged on the Bursa Malaysia. About five billion shares, valued at RM3.78bil, changed hands.

Nestle, the biggest loser on Bursa Malaysia, slid RM1 to RM123. Dutch Lady fell 50 sen to RM35.82, PIE Industrial lost 41 sen to RM6.30 and Malaysian Pacific Industries declined 40 sen to RM38.82.

Among the gainers, PETRONAS Gas jumped 42 sen to RM18.34, EG Industries rose 27 sen to RM2, PPB added 26 sen to RM14.56 and KESM gained 24 sen to RM7.41.

In the region, MSCI's Asia ex-Japan stock index was lower by 0.5%.

Japan’s Nikkei 225 closed up 0.54% to 38,804.65 while South Korea’s Kospi closed down 0.7% at 2,764.73.

Hong Kong’s Hang Seng index was little changed at 18,027.71. China’s CSI300 index was down 0.54% to 3,476.81 and the Shanghai Composite index fell 1.17% to 2,963.10

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Bursa Malaysia , FBM KLCI , KLCI


Next In Business News

Ringgit surges: Economic reforms, potential us rate cut propel currency to be Asia's second best performer
US producer prices rise moderately in June
MRL confirms ECRL partnership plans with CCCC remain unchanged
Tafi Industries wins RM207.5mil contract for Setia Alam development
Minetech bags RM4.05mil contract for Banting Industrial City project
Redtone Digital acquires 7.12% stake in Theta Edge for RM13.93mil
Ringgit gains ground vs US dollar amidst improved sentiment
BNPL credit exposure stands at RM1.42bil in 1Q
Astaka launches Phase 3 of One Bukit Senyum with RM600mil GDV
Uzma explores hydrocarbon fuel deal in Papua New Guinea

Others Also Read