KUALA LUMPUR: The FBM KLCI erased a few of its earlier losses as the home market was supported by rising commodities costs amid rising tensions over potential armed battle in Ukraine.
At 12.30pm, the important thing index was down 3.62 factors to 1,579.07, off its morning low off 1,567.19.
Energy and commodities performs have been seen regaining their composure after a bout of profit-taking within the early session.
Press Metal
was up 17 sen to RM6.82 whereas Petronas Chemicals gained two sen to RM9.14.
In plantations, Kuala Lumpur Kepong rose 48 sen to RM25.68, IOI added 4 sen to RM4.46 and Sime Darby Plantation gained 9 sen to RM4.67.
Bank nonetheless remained within the crimson led by Maybank down 9 sen to RM8.71, Public Bank down one sen to RM4.36, CIMB sliding three sen to RM5.54 and Hong Leong Bank dropping six sen to RM19.94.
Technology shares continued to retreat according to the Nasdaq. MPI fell 90 sen to RM34.80, Vitrox slipped 29 sne to RM7.46 and D&O dropped 18 sen to RM4.55.
Most energetic counters have been Ta Win down 1.5 sen to 16.5 sen, DNeX sliding three sen to RM1.15 and AT Systemization falling 0.5 sen to 2.5 sen.
In main Asian markets, the rout continued amid the prospects of all-out conflict in Ukraine as RUssia moved its troops into the Eastern breakaway area of the nation.
Japan’s Nikkei fell 2.1%, South Korea’s Kospi slid 1.8% and China’s down 1.4%.
Hong Kong’s Hang Seng dove 3% whereas Australia’s ASX200 shed 1.2%.
