KUALA LUMPUR: Despite opening higher, the FBM KLCI encountered mild profit-taking and remained in negative territory for most of the day, though the broader market stayed positive.
At closing, the 30-stock index closed down 0.61 of a point, or 0.04% to 1,678.19, recovering from an intraday low of 1,671.90.
Activities were encouraging with 3.25 billion worth RM3.02bil changed hands. Market breadth was positive with 679 securities ending in the green against 467 that closed weaker.
Dealers noted that today's trading activity saw a mix of buying interest and profit-taking.
Among the decliners, Nestle tumbled RM1.70 to RM104.30, PETRONAS Dagangan added 52 sen to RM20.56 and Kuala Lumpur Kepong fell 22 sen to RM21.54.
Bursa Malaysia has suspended intraday short-selling (IDSS) for SAM Engineering due to a significant decline in its share prices.
SAM Engineering slid 75 sen to RM4.60 with seven million shares traded. The counter hit an intraday low of RM4.48.
Gainers on Bursa Malaysia included Dutch Lady
, which increased by 58 sen to RM30.70; Heineken, which rose 40 sen to RM23.40; Crescendo, which added 38 sen to RM4.67; and Hong Leong Financial Group, which advanced 28 sen to RM18.98.
Talam Transform, the most active counter on Bursa Malaysia, rose 20%, or 0.05 sen to three sen with 115.48 million shares traded.
Meanwhile, the ringgit was quoted at 4.3477 down 0.63% against the US dollar. The local unit was down 0.29% against the greenback to 3.3268..
Elsewhere in the region, Japan’s Nikkei 225 rose 0.14%, Hong Kong’s Hang Seng Index closed down 1.65%, South Korea’s Kospi added 0.25% and China’s CSI300 Index fell 1.7%.
