FBM KLCI stays in the red at midday


KUALA LUMPUR: The FBM KLCI is en path to ending the last buying and selling day of 2021 in the red as traders continued to money out of current positive aspects in mild of fears over the unfold of the Omicron variant of the Covid-19 virus.

At 12.30pm, the benchmark index was down 9.2 factors to 1,534.41.

Bank counters have been seen shedding weight with Maybank falling 5 sen to RM8.25, Public Bank down one sen to RM4.14, Hong Leong Bank dropping 14 sen to RM5.64 and CIMB unchanged at RM5.41.

Other laggards included IHH sliding eight sen to RM6.70, Petronas Gas shedding 4 sen to RM17.18 and IOI falling seven sen to RM3.72.

On thee broader market, buying and selling exercise was muted given the vacation season with 1.36 billion shares traded for RM643.67mil.

Top actives have been XOX up 0.5 sen to three.5 sen, SMTrack gaining 1.5 sen to 19 sen and AT Systemization rising 0.5 sen to three.5 sen.

Meanwhile, Asian markets have been subdued by the unfold of Omicron as traders repositioned their portfolios for the new yr.

Japan’s Nikkei fell 0.4%, South Korea’s Kospi slid 0.5% whereas China’s composite index rose 0.4%.

Hong Kong’s Hang Seng added 1.2% whereas Australia’s ASX200 dropped 0.9%.

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