Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
KUALA LUMPUR (Sept 19): The FBM KLCI slid 0.39% today, as renewed caution shadowed the market ahead of the two-day US Federal Reserve policy meeting, which will begin later today.
On market close, the KLCI settled at 1,776.66 points, down seven points.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong told theedgemarkets.com that the mood turned cautious as investors are waiting for updates from the Fed meet for clues on its plans to pare its balance sheet.
The market has largely been in the negative zone throughout the trading day. "The lower liners were also in the negative, in tandem with the local board," said Leong.
Across the board, Bursa Malaysia saw 2.01 billion shares worth RM1.92 billion traded. Decliners led gainers by 485 to 309.
Panasonic Manufacturing Malaysia Bhd topped the gainers list, closing 2.72% higher at RM38.50, while CIMB Group Holdings Bhd led the decliners as it fell 3.44% to close at RM6.46.
Hubline Bhd was the most active counter, with over 191.14 million shares traded. It closed 8.33% higher at 6.5 sen.
Across Asia, Japan's Nikkei 225 was up 1.96%; South Korea's Kospi fell 0.09% while Hong Kong's Hang Seng slid 0.38%.
Reuters reported that Japan's Nikkei share average surged 2% on Tuesday to hit its highest close in more than two years as investors drew confidence from a weakening yen and gains on Wall Street, while hopes of a snap election underpinned the market.
Source: The Edge
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