KUALA LUMPUR: The FBM KLCI declined on Wednesday for a third straight trading day, dragged down by losses in banking and telco stocks.
The 30-stock index pulled back 1.95 points, or 0.13% to 1,446.07, with 16 out of the 30 constituent counters falling into the red. The index earlier slipped to its intraday low of 1,445.61.
Market breadth was negative with 588 securities ending in the red versus 354 that closed higher. Turnover was at 3.27 billion shares valued at RM2.27bil.
Heineken was the top loser on Bursa Malaysia, falling 52 sen to RM22.28, followed by Ajinomoto, which fell 24 sen to RM15.76 and Kobay, which slid 17 sen to RM1.48.
F&N jumped 56 sen to RM28.04, Pertama gained 27 sen to RM3.03, British American Tobacco
rose 18 sen to RM9.53 and HeiTech Padu gained 14.5 sen to 91.5 sen.
Top Glove, the most active counter on Bursa Malaysia, declined four sen to 86 sen with 140.61 million shares traded.
Among the banks, Maybank fell one sen to RM9.04, Public Bank added two sen to RM4.24, CIMB slid four sen to RM5.64, RHB Bank gave up two sen to RM5.49 and AmBank closed flat at RM4.05.
Public Bank rose two sen to RM4.24 and Hong Leong Bank added 10 sen to RM19.10.
Elsewhere in the region, Japan’s Nikkei 225 fell 0.26%, Hong Kong’s Hang Seng Index closed down 2.08%, South Korea’s Kospi fell 0.08%, Singapore’s Straits Times Index added 0.8% and China’s CSI 300 Index fell 0.86%.
