Bursa Malaysia finishes lower as banks pull back


KUALA LUMPUR: Bursa Malaysia finished lower on Thursday, led by declines from the banks.

The FBM KLCI headed down 0.61%, or 8.98 points to 1,455.58, with 21 of the component stocks finishing lower.

Stocks that fell outnumbered those that rose 435 to 390, with another 487 counters unchanged.

A total of 3.06 billion shares changed hands, worth RM2.09bil in all.

Among the banks, Maybank fell eight sen to RM8.89, Public Bank lost five sen to RM4.27 and CIMB declined 10 sen to RM5.80.

Hong Leong Bank tumbled 48 sen to RM18.98, RHB Bank gave up five sen to RM5.45 and AmBank declined two sen to RM4.01.

Kuala Lumpur Kepong rose 24 sen to RM21.92, PPB added four sen to RM14.66 and PETRONAS Chemicals gained three sen to RM7.21.

On the broader market, Malaysian Pacific Industries rose 50 sen to RM27.90, Heineken added 28 nsen to RM23.78, Rapid fell 36 sen to RM27.40 and MBM Resources gave up 30 sen to RM4.18.

Elsewhere in the region, Japan’s Nikkei 225 fell 1.59%, South Korea’s Kospi closed down 0.55%, China’s Shanghai Composite Index gained 0.57% and Hong Kong’s Hang Seng Index closed up 0.04%.

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Bursa Malaysia , FBM KLCI , KLCI

   

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