KUALA LUMPUR: The FBM KLCI immediately closed 1.04% decrease, snapping two consecutive days of beneficial properties amid a cautious market, as buyers awaited a extremely anticipated inflation report from the US.
At 5pm, the 30-stock index tumbled 14.76 points, or 1.04% to 1,411.32, its lowest shut since May 2020.
The broader market sagged, with decliners outnumbering advancers 578 to 249 whereas 420 counters had been unchanged. Turnover stood at 1.76 billion shares price RM1.28bil.
PETRONAS Chemicals was the highest loser among the many KLCI constituents, down 40 sen to RM7.88.
PPB misplaced 32 sen to RM15.68, MISC fell 30 sen to RM6.54 and PETRONAS Gas eased 18 sen to RM16.20.
Nestle added 60 sen to RM134.40, PETRONAS Dagangan rose 18 sen to RM22.04, MR DIY gained six sen to RM2.09 and IHH climbed three sen to RM6.42.
Newly listed Infoline Tec Group closed down 1.5 sen to 30.5 sen with 114.94 million shares traded.
Meanwhile, Reuters reported that oil edged up on Wednesday, a day after settling beneath US$100 a barrel for the primary time since April, and beneficial properties had been restricted by a U.S. provide report exhibiting rising inventories and warning forward of US inflation knowledge.
US gentle crude oil rose 97 cents to US$96.81 and Brent added 97 cents to US$100.46 per barrel.
Elsewhere within the area, Japan’s Nikkei 225 closed up 0.54% at 26,478.77 and South Korea’s Kospi ended up 0.47%, at 2,328.61.
Hong Kong’s Hang Seng index fell 0.2% to twenty,797.95 whereas China’s CSI300 index rose 0.2% to 4,321.46.
