KUALA LUMPUR: Bursa Malaysia saw a sea of red on Friday, with losers outpacing gainers and reflecting the market's weak sentiment.
The FBM KLCI fell 7.58 points, or 0.47% to 1,596.68, marking its sixth consecutive decline. The index was down 1.4% for the week.
Losers outnumbered gainers with 857 stocks ending lower and 365 stocks finishing higher. That gave a market breadth of 0.42 indicating the bears were in better control. Traded volume rose to 5.45 billion shares worth RM6.8bil.
Malaysian Pacific Industries
, the top loser on Bursa Malaysia, tumbled RM1.64 to RM37.10. Kuala Lumpur Kepong fell 60 sen to RM20.86, Hong Leong Financial Group lost 48 sen to RM17.02 and BLD Plantation declined 38 sen to RM10.60.
Among the gainers, Carlsberg rose 60 sen to RM19.80, BAT added 46 sen to RM8.90, PETRONAS Dagangan gained 38 sen to RM19.80 and Allianz advanced 36 sen to RM22.30.
On the forex market, the ringgit was down 0.04% against the greenback at 4.7063. The local unit rose 0.04% against the Singapore dollar at 3.480.
Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.49%.
Japan’s Nikkei 225 ended up 1.14% at 38,487.90, while South Korea’s Kospi rose 0.04% to 2,636.52.
Hong Kong’s Hang Seng index closed down 0.83% at 18,079.61 and China’s blue-chip CSI300 index fell 0.4% to 3,579.92.
