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

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Bursa Malaysia , FBM KLCI , KLCI

   

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