KLCI tumbles to 15-week low

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KUALA LUMPUR: Bursa Malaysia noticed a follow-through promoting stress on Tuesday, pushing the benchmark index to its lowest in over three months.

At 5pm, the FBM KLCI fell 11.23 factors, or 0.73% to 1,531.30, its lowest since Feb 8. It has risen to an intraday excessive of 1,547.84.

The broader market sagged, with decliners overtaking advancers 696 to 247 whereas 406 counters have been unchanged.

Market breadth was adverse with 696 securities ending within the purple versus 247 which closed increased. About 3.59 billion shares, valued at RM2.09bil, modified arms.

According to information on Bursa Malaysia, international buyers and native establishments bought RM36mil and RM11mil of native equities respectively on Monday. Local retailers acquired RM47mil price of equities.

In in the present day’s session, 22 of the KLCI-component shares closed decrease whereas 5 counters chalked up positive aspects and three counters unchanged.

On Bursa Malaysia, Nestle was the highest loser, falling 90 sen to RM133.30, Malaysian Pacific Industries misplaced 76 sen to RM30.04, Hengyuan Refining fell 70 sen to RM6.60 and Petron Malaysia eased 53 sen to RM6.70.

Among the gainers, F&N closed 16 sen increased at RM20.72, Lee Swee Kiat Group gained 16 sen to 83 sen, Berjaya Food added 15 sen to RM4.35 and QL Resources climbed 15 sen to RM4.88.

Green Packet, essentially the most actively traded counter on Bursa Malaysia fell 1.5 sen, or 15.79% to eight sen with 466.29 million shares completed.

Meanwhile, the ringgit was quoted at 4.3942, down 0.11% in opposition to the US greenback.

The native foreign money was down 0.43% in opposition to the euro at 4.7079. It rose 0.57% in opposition to the pound sterling at 5.4843 and fell 0.09% in opposition to the Singapore greenback at 3.1939.

The Singapore greenback reached a report excessive of RM3.1964 on Monday, earlier than easing to RM3.1950 later within the day.

US mild crude oil fell 23 cents to US$110.06 and Brent misplaced 21 cents to US$113.21 per barrel.

On the exterior entrance, Japan’s Nikkei 225 closed 0.94% decrease at 26,748.14 whereas South Korea’s Kospi fell 1.57% to 2,605.87.

Hong Kong’s Hang Seng closed down 1.75% to 20,112.10.

China’s CSI300 index was down 2.34% to 3,959.15 whereas the Shanghai Composite index ended 2.41% decrease at 3,070.93.



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