FBM KLCI continues losing streak, down for third day

KUALA LUMPUR: The FBM KLCI finished lower on Friday, marking its third day of a losing streak, bucking the regional trend.

The 30-stock index closed down 0.84 of-a-point to 1,497.55 after hitting an intraday high of 1,500.91. For the week, the FBM KLCI fell 2.78 points, or 0.18%.

Overall market breadth remained positive with 542 gainers compared with 384 decliners while 404 closed unchanged. Market turnover rose to 4.62 billion shares worth RM2.42bil.

Among the losers on Bursa Malaysia, Ajinomoto fell 20 sen to RM13.80, Chin Teck Plantations lost 19 sen to RM8.11, Batu Kawan eased 18 sen to RM22.56 and Negri Sembilan Oil Palms shed 13 sen to RM3.52.

Hextar Technologies jumped RM1.14 to RM28.62, Heineken added 82 sen to RM27.50, F&N rose 68 sen to RM24.76 and Carlsberg climbed 52 sen to RM23.70.

Among the banks, Maybank fell four sen to RM8.74, Public Bank eased three sen to RM4.25, Hong Leong Bank lost eight sen to RM20.88, AmBank added three sen to RM4.11, CIMB gained two sen to RM5.74 and RHB Bank rose one sen to RM5.73.

Elsewhere in the region, MSCI’s Asia ex-Japan stock index was higher by 0.2%.

Japan’s Nikkei 225 rose 0.07% to 27,382.56 while South Korea’s Kospi closed up 0.62% at 2,484.02.

Hong Kong’s Hang Seng index was up 0.54%, at 22,688.90.

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