KLCI slips at midday as banking heavyweights drag

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KUALA LUMPUR: The FBM KLCI slipped at midday as banking and Petronas-linked shares dragged, in step with the efficiency in different key regional markets.

At 12.30pm, the FBM KLCI declined 1.6 factors, or 0.1% to 1,538.29.

Losers led gainers by 377 to 339, whereas 432 counters traded unchanged. Trading quantity was 1.28 billion shares valued at RM927.38mil.

Rakuten Trade mentioned on the house entrance, the FBM KLCI continued with its uptrend buoyed by window dressing actions to finish up on a 2- month excessive.

“Though we expect ongoing bargain hunting to continue, sentiments may turn lukewarm ahead of a more volatile regional performance.

“As such, we expect the index to trend around the 1,535-1,545 range today,” it mentioned.

Rakuten mentioned crude oil costs remained excessive with the Brent at the moment buying and selling close to the US$80 per barrel.

Mercury Securities thinks Malaysian shares will commerce sideways this week as it expects quantity to be gentle within the closing week of the yr

Among KLCI part shares, Petronas Dagangan shed 26 sen to RM20.12, Petronas Gas misplaced 14 sen to RM17.36, Genting fell 5 sen to RM4.68, CIMB misplaced 4 sen to RM5.38 and Tenaga declined two sen to RM9.33.

Maybank, Public Bank and RHB Bank eased one sen every to RM8.29, RM4.17 and RM5.33 respectively.

Hartalega added one sen to RM5.66, IHH Healthcare rose two sen to RM6.78 and Top Glove superior 5 sen to RM2.42.

Meanwhile, Genetec jumped 64 sen to RM38.64, MPI gained 54 sen to RM50.34 and Sam Engineering rose 46 sen to RM22.26.



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