FBM KLCI, most key Asian markets in the red


KUALA LUMPUR: The FBM KLCI closed in the red on Wednesday in line with the weak performance of its regional peers.

At 5pm, the benchmark index fell 7.24 points, or 0.48% to 1,512.32. The market traded within a range of 13.3 points between an intraday high of 1,522.87 and a low of 1,509.57 during the session.

Turnover stood at 4.37 billion shares valued at RM2.99bil. There were 411 gainers against 542 losers while 465 counters unchanged.

Dealers said the local bourse, which tracked the performance of key Asian markets, was weighed down by banking and Petronas-linked stocks.

Petronas Gas lost eight sen to RM15.60, Petronas Chemicals declined seven sen to RM8.03 and Petronas Dagangan eased four sen to RM19.04.

Genting lost eight sen to RM4.70 while Genting Malaysia declined five sen to RM2.75.

Among the banks, Maybank fell one sen to RM8.05, Public Bank lost one sen to RM4.07, CIMB added three sen to RM4.53, RHB Bank gained two sen to RM5.26 and Hong Leong Bank shed 32 sen to RM18.18.

On the broader market, MPI surged RM2.42 to RM43.32, ViTrox jumped 36 sen to RM15.96, D&O gained 32 sen to RM5.21 and Greatech added 31 sen to RM6.21.

On the other hand, Genetec fell 50 sen to RM18.08, Panasonic Manufacturing lost 28 sen to RM32.44 and Kumpulan H & L High-Tech eased 21 sen to RM4.69.

Meanwhile, the ringgit was quoted at 4.2017, down 0.23% against the US dollar.

US light crude oil fell 43 cents to US$74.82 and Brent declined 35 cents to US$76.14 per barrel.

Reuters reported mood across Asian markets is also darkened by the biggest jump in U.S. inflation in 13 years that stokes fears of an earlier-than-expected U.S. monetary tapering.

Among the key regional markets:

Japan’s Nikkei 225 fell 0.38% to 28,608.49;

Shanghai Composite Index lost 1.07% to 3,528.50;

Hong Kong’s Hang Seng Index eased 0.63% to 27,787.46;

South Korea’s Kospi declined 0.2% to 3,264.81;

Taiwan’s Taiex eased 0.01% to 17,845.75 and;

Singapore’s Straits Times Index fell 0.38% to 3,154.91 points.

Source link