Revenue-taking on blue chips sends FBM KLCI decrease

KUALA LUMPUR: The FBM KLCI was barely decrease at noon as traders took revenue on the latest rally in Malaysian blue-chips.

At 12.30pm, the benchmark index was down 2.52 factors to 1,596.4, though the broader market was constructive with 514 gainers in contrast with 322 decliners.

Asian markets nevertheless had been constructive, monitoring the tech-driven rally on Wall Avenue in a single day.

Hong Kong’s Dangle Seng surged 2.1% on the again of the tech rally and information that China was considering eradicating a key audit barrier on US-listed Chinese language corporations to maintain them from being delisted.

Japan’s Nikkei was up 0.1%, South Korea’s Kospi was down 0.1% and China’s composite index rose 0.1%.

In Australia, the ASX200 was up 0.2%.

On Bursa Malaysia, tech counters had been led up by MPI rising 56 sen to RM37.08, Vitrox gaining 19 sen to RM8.29 and D&O climbing 19 sen to RM4.70

In monetary providers, Maybank was down seven sen to RM8.89, Public Financial institution slipped tow sen to RM4.70, CIMB misplaced two sen to RM5.28 and Hong Leong Financial institution was flat at RM20.20.

Nestle misplaced RM2.30 to RRM134.70 whereas Digi shed 9 sne to RM3.88 and Axiata dropped three sen to RM3.76.

Kuala Lumpur Kepong was up 24 sne to RM26.10 whereas Sime Darby Plantation climbed 10 sen to RM5.18.

On the actives record, KNM rose 0.5 sen to 19 sen, Technax was flat at eight sen and Dataprep gained 4 sen to 34 sen.


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