KLCI ends higher but market breadth stays negative

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KUALA LUMPUR: The FBM KLCI closed marginally higher on Tuesday lifted by last-minute shopping for in chosen index-linked counter.

At 5pm, the benchmark index settled 0.29 of-a-point higher at 1,426.08 factors after transferring between 1,426.19 and 1,418.50.

The broader market displayed its weak spot as decliners outpaced advancers, with 569 losers towards 292 gainers and 357 counters unchanged. Traded volumes stood at 2.36 billion shares valued at RM1.27bil.

In immediately’s session, 18 of the KLCI-component shares chalked up beneficial properties whereas 9 counters ended decrease.

The tempo of international fund promoting on Bursa Malaysia slowed within the earlier week to RM120.6mil web of equities, about half the quantity within the week prior.

Following the sell-off, the web influx of worldwide funds to the home market to date this 12 months narrowed to RM5.95bil

On Bursa Malaysia, Ajinomoto was the day’s high gainer, rising 46 sen to RM12.18. Other high gainers included PPB Group, which added 40 sen to RM16 and Kuala Lumpur Kepong, which gained 38 sen to RM21.

Malaysian Pacific Industries fell 38 sen to RM27.82, Panasonic Manufacturing misplaced 34 sen to RM5.49 and Pentamaster eased 27 sen to RM3.40.

Regional markets closed decrease immediately with Hong Kong’s Hang Seng index closed down 1.32% to twenty,844.74 whereas China’s Shanghai Composite was down 0.97% to three,281.47.

Japan’s Nikkei 225 additionally fell 1.77% to 26,336.66 and South Korea’s Kospi index slid 0.96% to 2,317.76.



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