KLCI ends at 2-month low; Serba Dinamik plunges 68%


KUALA LUMPUR: The FBM KLCI closed 1% decrease on Monday after lingering in damaging territory for your complete session on broad-based promoting.

At 5pm, the 30-stock index closed down 15.16 factors, or 0.97% decrease at 1,549.18, its lowest since March 8. The index hit an intra-day low of 1,546.64.

A whopping 827 counters fell on the broader market whereas 183 rose and 333 have been unchanged. Trading quantity on Bursa Malaysia stood at 3.21 billion shares value RM2.03bil.

Dealers stated the sell-off is but to point out indicators of abating and count on buying and selling to stay unstable going ahead.

Twenty-two of the 30 KLCI-linked counters closed within the purple with solely Tenaga Nasional Bhd, Petronas Gas Bhd and Dialog Group Bhd being the gainers.

Tenaga added seven sen to RM8.96, PetGas rose 4 sen to RM16.88 and Dialog climbed one sen to RM2.42.

Plantation shares dominated the losers’ record on Bursa Malaysia. Bursa Plantation Index fell 281.67 factors, or 3.3% to eight,251.43.

Kuala Lumpur Kepong tumbled 70 sen to RM27.30, Batu Kawan shed 62 sen to RM27.64, Genting Plantations closed down 47 sen to RM8.51, United Plantations fell 34 sen to RM14.72 and Sarawak Oil Palms misplaced 30 sen to RM6.16.

Serba Dinamik was in focus because it resumed buying and selling at present following a suspension of six months from Oct 22, 2021.

The counter, which tumbled 68.57%, or 24 sen to 11 sen, was essentially the most closely traded counter with 580.93 million shares executed.

The proprietary day buying and selling (PDT) and intraday brief promoting (IDSS) of Serba Dinamik’s securities have been suspended at present.

Meanwhile, the ringgit was quoted at 4.3845, down 0.41% in opposition to the US greenback.

On the exterior entrance, MSCI Asia ex-Japan was decrease by 1.44%.

Japan’s Nikkei 225 fell 2.53% to 26,319.34 whereas South Korea’s Kospi index ended 1.27% decrease at 2,610.81.

China’s CSI300 closed down 0.8% at 3,877.44 factors whereas Shanghai Composite index edged up 0.086% to three,004.14 factors.

Markets in Hong Kong are closed at present for a public vacation.

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