FBM KLCI falls 0.5% to shut at intraday low

KUALA LUMPUR: The FBM KLCI closed sharply decrease on Monday as traders began the holiday-shortened week in a risk-off temper amid comparatively quiet buying and selling.

Bursa Malaysia and its subsidiaries shall be closed on Tuesday at the side of Nuzul Al-Quran. It is going to resume operations on April 20.

At 5pm, the important thing index closed down 7.87 factors, or 0.5% to 1,581.14, its intraday low.

Broader market sentiment was weak, with 558 losers outpacing 314 gainers and 397 counters which traded unchanged. Turnover was at 2.44 billion shares valued at RM1.57bil.

In right now’s session, 23 of the KLCI-component shares closed decrease whereas 4 counters chalked up positive factors.

Hong Leong Monetary Group misplaced 34 sen to RM19, Kuala Lumpur Kepong shed 30 sen to RM26.90, Nestle fell 30 sen to RM132.20 and PPB Group eased 24 sen to RM16.90.

Sime Darby Plantation and Petronas Chemical compounds rose eight sen every to RM5.15 and RM10.40 respectively. Petronas Fuel added 4 sen to RM16.88 and Press Metallic climbed two sen to RM6.54.

On the broader market, F&N tumbled 68 sen to RM22.80, Carlsberg fell 40 sen to RM21.18 and Dutch Woman eased 40 sen to RM33.60.

PMB Expertise-WA rose 34 sen to RM13.50, Ajinomoto added 32 sen to RM14.76 and Eco World-WB gained 27 sen to 27.5sen.

Caely closed down three sen to 43 sen whereas Caely-WB fell 1.5 sen to 12 sen. It has earlier introduced that the authorities have frozen the operations of all of the financial institution accounts of its group of firms.

The lingerie producer stated it expects an impression on the monetary and operational facets of the group, though it’s unable to determine the extent of the impression at this juncture.

This newest improvement comes quickly after the group started a forensic audit on one among its subsidiaries, Caely (M) Sdn Bhd.

On the exterior entrance, MSCI’s Asia ex-Japan inventory index was decrease by 0.63%.

Japan’s Nikkei 225 closed down 1.08%, South Korea’s Kospi fell 0.11%, China’s CSI300 misplaced 0.53% and Singapore’s Straits Instances index closed 0.98% decrease.


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