FBM KLCI takes a breather amid profit taking


KUALA LUMPUR: The FBM KLCI staged a minor pullback on Tuesday, as investors took profit amid the weak sentiment on regional bourses.

The market bellwether fell 1.11 points, or 0.08% to 1,423.63 after moving between 1,432.75 and 1,428.52.

The broader market displayed its weakness as profit-takers triumphed over bargain-hunters. There were 328 gainers, 555 losers and 402 counters traded unchanged on the Bursa Malaysia.

Today's decline is mostly spurred by investors selling on a high, according to dealers. They added that sentiment would remain cautious ahead of the gross domestic product (GDP) data this week.

Among the losers, Mi Technovation tumbled 19 sen to RM1.35, Ajinomoto eased 18 sen to RM14.84, Harrisons lost 16 sen to RM9.79 and Menang Corp declined 14.5 sen to 90.5 sen.

Newly listed Autocount Dotcom jumped 42 sen, ot 127.27% to 75 sen. It is the most actively traded counter on Bursa Malaysia with 277.31 million shares done.

Hextar Technologies rose 40 sen to RM23.18, Hartalega added 39 sen to RM2.26, Rapid gained 30 sen to RM18.28 and Nestle climbed 20 sen to RM135.

Meanwhile, Brent crude fell 60 cents to US$76.41 a barrel while US West Texas Intermediate crude was at US$72.59 per barrel, down 57 cents.

Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.8%.

Japan’s NIkkei 225 ended up 1.01% at 29,242.82 while South Korea’s Kospi was down 0.13%, at 2,510.06.

Hong Kong’s Hang Seng index fell 2.12% to 19,867.58.

China’s Shanghai Composite index ended down 1.1% at 3,357.67 and the CSI300 index was down 0.86% to 4,027.88.

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Bursa Malaysia , FBM KLCI , KLCI

   

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