KUALA LUMPUR: Despite opening larger firstly of the opening bell, the FBM KLCI succumbed to profit taking actions on Monday.
The benchmark index closed down 2.68 factors, or 0.17% to 1,604.61 after shifting between 1,613.46 and 1,603.22.
Market breadth turned detrimental as losers overpowered the gainers on a ratio of 774-to-317 shares. Traded volumes rose to 4.4 billion shares valued at RM2.36bil as profit taking actions took management.
Dealers stated the efficiency of the native bourse mirrored the efficiency of its friends. They famous that the expertise index was the most important loser as we speak, falling 4.8%.
Bursa Malaysia expertise index ended down 3.68 factors, or 4.8% at 72.95.
In a notice early as we speak, Malacca Securities Sdn Bhd stated buyers ought to favour shares beneath the restoration theme whereas avoiding the expertise sector.
“Meanwhile, several economic releases for this week include the US inflation rate and the European Central Bank interest rate decision which will be released on April 12 and 14, respectively,” it stated.
On Bursa Malaysia, Malaysian Pacific Industries
(MPI), Vitrox Corp, Greatech and Pentamaster noticed their share costs impacted.
MPI tumbled RM2.20 to RM33.08, ViTrox misplaced 60 sen to RM7.50, Greatech fell 37 sen to RM4.06 and Pentamaster gave up 23 sen to RM3.46.
PMB Technology fell 58 sen to RM18.42, Batu Kawan eased 52 sen to RM26.40 and Petronas Dagangan declined 42 sen to RM21.52.
F&N jumped 66 sen to RM22.18, Ta Ann added 39 sen to RM5.98, Dutch Lady rose 38 sen to RM33.38, Sarawak Oil Palms gained 33 sen to RM6.04 and Kuala Lumpur Kepong superior 30 sen to RM27.
On the exterior entrance, MSCI’s broadest index of Asia-Pacific shares ex-Japan dropped 1.54%.
Japan’s Nikkei 225 misplaced 0.61% to shut at 26,821.52 whereas South Korea’s Kospi ended down 0.27% at 2,693.10.
Hong Kong’s Hang Seng closed down 3.03% to 21,208.30.
China’s CSI300 index fell 3.1% to 4,100.07, whereas the Shanghai Composite Index misplaced 2.6% to three,167.13.
