KUALA LUMPUR: The FBM KLCI tumbled for the third consecutive day on Thursday, weighed down by losses in Tenaga Nasional, YTL Power and YTL Corp, amid weaker regional markets.
The 30-stock index fell 9.50 points, or 0.59%, to 1,588.68—its intraday low—after reaching a high of 1,599.94.
In the broader market, losers outnumbered gainers 675 to 371, with 3.44 billion shares worth RM2.5bil changing hands.
The KLCI-component stocks were overwhelmingly negative, with 21 losers and seven gainers.
Tenaga Nasional single-handedly took 4.2239 points off the index, ending the day 50 sen lower at RM13.80 with 8.34 million shares traded.
YTL Power fell 17 sen to RM2.96, dragging the index down by 2.0425 points, while YTL Corp declined 13 sen to RM1.83, weighing on the index by 2.0969 points.
Gainers among the KLCI component stocks were PETRONAS Chemicals, Maybank and Sunway.
On the broader market, Malaysian Pacific Industries
slid 52 sen to RM24.36, Hong Leong Industries fell 48 sen to RM13.48, Batu Kawan added 12 sen to RM20.14 and Oriental Holdings rose 12 sen to RM7.65.
Meanwhile, data from Bursa Malaysia showed that foreign investors and local retailers were net sellers on Wednesday, offloading RM47mil and RM31mil worth of equities, respectively.
Local institutions were net buyers, acquiring RM78mil worth of equities.
On the external front, Nikkei 225 closed down 0.85% at 38,026.17 while South Korea’s Kospi ended 0.07% higher at 2,480.63.
Hong Kong’s Hang Seng index fell 0.53% to 19,601.11. China’s blue-chip CSI300 index ended up 0.09% at 3,989.30 and the Shanghai Composite Index added.07% to 3,370.40.
