FBM KLCI pares loss, stays in red as banks drag
KUALA LUMPUR: The FBM KLCI pared some of its earlier losses but still in the red dragged by the decline in Maybank Public Bank and Tenaga.
The benchmark index closed down 4.48 points, or 0.3% at 1,490.57, its intraday high. It hit an intraday low of 1,483.01.
Winners and losers were closely balanced, with 367 gainers against 399 losers and 451 that were flat. About 1.9 billion shares, valued at RM1.35bil, changed hands.
In today’s session, 12 of the 30 KLCI-component stocks closed down, while eight closed higher.
Maybank, Public Bank and Tenaga closed down five sen each to RM8.83, RM4.61 and RM8.25 respectively. The three counters collectively pushed the index lower by 2.7686 points.
MISC fell six sen to RM7.13, nudging the index lower by 0.3994 points while Sime Darby lost five sen to RM2.36 dragging the index lower by 0.5077 points.,
On the broader market, Batu Kawan fell 28 sen to RM23.10, Aeon Credit eased 22 sen to RM13.84 and Dutch Lady lost 20 sen to RM32.30.
Among the gainers, Sam Engineering jumped 30 sen to RM4.63, Malaysian Pacific Industries shed 18 sen to RM31.70 and Petronas Gas fell 14 sen to RM17.06.
Regional markets closed higher amid rising Sino-U.S. tensions over Taiwan.
Japan’s Nikkei 225 gained 0.53% to 27,741.90 while South Korea closed up 0.89% to 2,461.45.
Hong Kong’s Hang Seng edged up 0.4% at 19,767.09 at the close.
China’s Shanghai Composite index was down 0.7% at 3,163.67 points while CSI300 index lost 1% to 4,066.98.