KUALA LUMPUR: The FBM KLCI clawed back to positive territory on Monday, but overall market breadth remained downbeat with losers outpacing gainers.
At 5pm, the 30-stock index edged up 0.58 of a point to 1,475.17, its intraday high. The index had earlier dipped to its intraday low of 1,469.26.
The broader market displayed its weakness with 590 decliners against 349 gainers. About 3.7 billion shares, valued at RM2.05bil, changed hands.
Foreign investors continued to dump Malaysian equities for the fifth consecutive week with net selling of RM512.3mil for the week ended Feb 10, according to MIDF Research.
Year-to-date, foreign investors have net sold RM119.9mil.
On Bursa Malaysia, Nestle jumped RM2.90 to RM138, KESM jumped 57 sen to RM8.80, Rapid gained 50 sen to RM16.48 and VisDynamics added 29.5 sen to RM1.03.
Malaysian Pacific Industries
shed RM1.84 to RM32.14, Hextar Technologies fell 98 sen to RM26.02, Vitrox lost 27 sen to RM7.93 and Kuala Lumpur Kepong eased 20 sen to RM21.74.
Among the key regional markets:
Japan’s Nikkei 225 closed down 0.88% to 27,427.32;
Hong Kong’s Hang Seng Index rose 0.12% to 21,164.42;
Shanghai Composite Index added 0.72% to 3,284.16;
Taiwan’s Taiex fell 0.27% to 15,544.28 and
South Korea’s Kospi closed down 0.69% to 2,452.70.
