KUALA LUMPUR: Amid the rising uncertainty, investors had been fast to take revenue from the native market, erasing positive aspects made earlier in the day.
However, power and plantation counters remained constructive in mild of the surging commodity costs.
At 12.30pm, the FBM KLCI was down 2.49 factors to 1,593.95 as the rising tensions over the the Ukraine disaster and uncertainty over US Federal Reserve rate of interest hikes despatched investors to the sidelines.
CIMB prolonged its fall for a second straight day as investors reacted unfavorable to provisions made. The financial institution counter fell 25 sen to RM5.04.
In Petronas-related shares, Petronas Chemicals continued its advance with a 14 sen achieve to RM9.74 whereas Petronas Gas climbed 20 sne to RM17.40.
Press Metal
leapt 16 sen to RM6.95.
Plantations had been additionally up on rising CPO costs, led by Kuala Lumpur Kepong gaining 86 sen to RM26.90 whereas Sime Darby Plantation added 14 sen to RM5.05.
Among actives, SMTrack was up 0.5 sen to 23 sen, Hibiscus fell one sen to RM1.21 and DNeX gained one sen to RM1.13.
In Asian markets, equities costs remained submerged amid rising efforts by Russia to penetrate Ukrainian defences.
Japan’s Nikkei misplaced 1.9% whereas South Korea’s Kospi bounced 0.15% and Shanghai’s composite index fell 0.4%.
Hong Kong’s Hang Sneg shed 1.1% whereas Australia’s ASX rose 0.1%.
