KUALA LUMPUR: The FBM KLCI sank 1.09% to its lowest in two years on persistent promoting strain as traders continued to take flight.
At 5pm, the market bellwether eased 16.03 factors, or 1.09% to 1,456.74, its lowest since May 2020. On a Friday-to-Friday foundation, the index tumbled 37.21 factors.
In the broader market, laggards outnumber gainers 726-to-267. Trading quantity was brisk at 3.05 billion shares valued at RM3.02bil.
Dealers mentioned the native bourse is predicted to stay unstable amid the shortage of recent new leads or constructive catalysts.
Sam Engineering rose 24 sen to RM3.99, Gamuda added 20 sen to RM3.60 and D&O gained 17 sen to RM4.04 and MISC climbed 12 sen to RM7.39.
Nestle tumbled RM8.80 to RM131.20, Petronas Dagangan shed RM1.32 to RM19.82, Aeon Credit
misplaced RM1 to RM13.36 and Kuala Lumpur Kepong eased 64 sen to RM23.40.
Among the banks, Maybank jumped 16 sen to RM8.88, Public Bank declined six sen to RM4.49, CIMB fell 10 sen to RM4.92, RHB Bank added two sen to RM5.88 and Hong Leong Bank rose 16 sen to RM21.
Shares in Top Glove rebounded 3.59%, or 3.5 sen to RM1.01 with 69.93 million shares traded.
Caely misplaced 7.69%, or three sen to 36 sen amid its boardroom tussle.
Meanwhile, the ringgit was quoted at 4.4028 towards the buck, appreciating 0.01%. The native unit opened increased towards the US greenback this morning.
The native foreign money was down 0.85% towards the euro at 4.6231. It fell 1.55% towards the pound sterling at 5.4227 and fell 0.18% towards the Singapore greenback at 3.1768.
Brent crude fell 54 cents, or 0.45%, to US$120.35 a barrel whereas U.S. West Texas Intermediate (WTI) crude fell to US$118.19 per barrel, down 60 cents, or 0.51%.
Among the important thing regional markets:
Japan’s Nikkei 225 closed down 1.77% to 25,963.00;
Hong Kong’s Hang Seng Index rose 1.1% to 21,075.00;
Shanghai Composite Index added 0.96% to 3,316.79;
Taiwan’s Taiex fell 1.25% to 15,641.26;
South Korea’s Kospi eased 0.43% to 2,440.93 and;
Singapore’s Straits Times Index rose 0.02% to 3,098.09 factors.
