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 (Nov 11): The FBM KLCI closed 1.58 points or 0.1% lower today on profit taking and as investors weighed fresh violence in the Hong Kong protest and watched the progress of US-China trade talks.
At Bursa Malaysia, the KLCI closed at 1,608.15, after paring losses sharply in the final trading hour from its intraday low at 1,601.99. The KLCI, which opened higher, had earlier risen to its intraday high at 1,611.43.
Rakuten Trade Sdn Bhd vice president of research Vincent Lau told theedgemarkets.com that profit taking in the KLCI followed buying of KLCI-linked stocks over the last few days.
"The negative performance of the KLCI today was in line with regional markets, due to uncertainty," Lau said.
Globally, Reuters reported Asian shares sank on Monday, the
safe haven yen rose and gold jumped following a fresh escalation of
violence in Hong Kong, while uncertainty still remained over whether the
US and China could end their damaging trade war.
It was reported US President Donald Trump told reporters on Saturday that talks with China had moved more slowly than he would have liked, but added Beijing wanted a deal more than he did. That was a more upbeat tone than just a few days earlier, when he had stressed the White House would not agree to a full rollback of existing tariffs, remarks that hit stock prices and the dollar, according to Reuters.
Today, Bursa saw 2.37 billion shares worth RM1.64 billion traded across the exchange. Top decliners included Kuala Lumpur Kepong Bhd, PPB Group Bhd and Malaysia Airports Holdings Bhd (MAHB).
Among the 30 KLCI stocks, MAHB was the largest-percentage decliner, after the stock closed down 14 sen or 1.65% at RM8.35.
Source: The Edge
It was reported US President Donald Trump told reporters on Saturday that talks with China had moved more slowly than he would have liked, but added Beijing wanted a deal more than he did. That was a more upbeat tone than just a few days earlier, when he had stressed the White House would not agree to a full rollback of existing tariffs, remarks that hit stock prices and the dollar, according to Reuters.
Today, Bursa saw 2.37 billion shares worth RM1.64 billion traded across the exchange. Top decliners included Kuala Lumpur Kepong Bhd, PPB Group Bhd and Malaysia Airports Holdings Bhd (MAHB).
Among the 30 KLCI stocks, MAHB was the largest-percentage decliner, after the stock closed down 14 sen or 1.65% at RM8.35.
Source: The Edge
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