KUALA LUMPUR: The FBM KLCI extened 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 total market noticed two decliners to each one gainer, indicating rising negativity amongst buyers.
Among the blue chips, Press Metal
shaved 12 sen to RM6.44, Hong Leong Bank slipped 10 sen to RM20.40, IOI dropped 4 sen to RM4.33 and Sime Darby Plantation dipped two sen to RM5.28.
Leading positive factors, Petronas Chemicals climbed 12 sen to RM10.32 whereas Kuala Lumpur Kepong rose 30 sen to RM27.30.
Meanwhile expertise shares remained firmly within the crimson. MPI misplaced 40 sen to RM32.68 and Dufu Technology fell 11 sen to RM2.58 and D&O Green Technology slipped six sen to RM4.16.
Top actives have been CSH up 0.5 sen to 14.5 sen, TWL rising 0.5 sen to 9 sen and Sapura Energy 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 Hang Seng dropped 0.5% and Australia’s ASX200 gave up 0.6%.
