KLCI retreats as Maybank, Public Financial institution drag

KUALA LUMPUR: The FBM KLCI closed within the purple amid some uneven commerce as index heavyweights Malayan Banking Bhd (Maybank), Public Financial institution Bhd and Tenaga Nasional Bhd (TNB) weighed.

At 5pm, the market’s key barometer misplaced 4.10 factors or 0.26% to complete at 1,587.16. It has risen to an intraday excessive of 1,589.49.

There have been 558 gainers, 398 losers and 402 counters traded unchanged on the Bursa Malaysia. Traded volumes stood at 2.43 billion shares value RM2.26bil.

Sellers mentioned the shopping for curiosity right this moment was interspersed with profit-taking. They mentioned the market will proceed to be uneven and commerce in a spread.

In right this moment’s session, 12 of the KLCI-component shares have been traded decrease whereas 13 counters superior whereas 5 counters remained unchanged.

Maybank contributed essentially the most to the index decline. The financial institution fell 17 sen to RM8.85, dragging the index down by 3.0354 factors.

Public Financial institution misplaced six sen to RM4.63, pushing the index decrease by 1.7507 factors. Tenaga fell 17 sen to RM9.25, nudging the index 1.4632 factors decrease.

Kuala Lumpur Kepong misplaced 32 sen to RM24.98, Digi fell six sen to RM4.01, Petronas Fuel added 32 sen to RM16.96 and Petronas Dagangan gained 30 sen to RM20.92.

On the broader market, Malaysian Pacific Industries surged RM2.22 to RM36.02, F&N rose RM1.16 to RM22.36 and Heineken added 76 sen to RM22.44.

The decliners included Hap Seng Consolidated, PMB Expertise and Full Logistic.

On the exterior entrance, MSCI’s broadest index of Asia-Pacific shares exterior Japan fell 4.28%.

South Korea’s Kospi fell 0.77%, Hong Kong’s Cling Seng misplaced 0.89%, China’s Shanghai Composite added 0.08% and Taiwan’s Taiex gained 0.59%.


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