KUALA LUMPUR: The FBM KLCI prolonged its decline however remained above the 1,600-point psychological degree at noon as investor sentiment soured over aggressive US fee hikes.
At 12.30pm, the benchmark index was down 3.28 factors to 1.601.33. The general market noticed two decliners to each one gainer, indicating rising negativity amongst traders.
Among the many blue chips, Press Metallic Shaved 12 sen to RM6.44, Hong Leong Financial institution slipped 10 sen to RM20.40, IOI dropped 4 sen to RM4.33 and Sime Darby Plantation Dipped two sen to RM5.28.
Main beneficial properties, Petronas Chemical compounds climbed 12 sen to RM10.32 whereas Kuala Lumpur Kepong rose 30 sen to RM27.30.
In the meantime know-how shares remained firmly within the pink. MPI misplaced 40 sen to RM32.68 and Dufu Expertise fell 11 sen to RM2.58 and D&O Inexperienced Expertise slipped six sen to RM4.16.
High actives have been CSH up 0.5 sen to 14.5 sen, TWL rising 0.5 sen to 9 sen and Sapura Vitality shedding 0.5 sen to three.5 sen.
In main Asian markets, equities retreated as US Treasury yields spiked on expectation of aggressive rate of interest will increase.
Japan’s Nikkei was down 1.8%, South Korea’s Kospi slipped 1.2% and China’s composite index fell 0.7%
Hong Kong’s Grasp Seng dropped 0.5% and Australia’s ASX200 gave up 0.6%.