Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

Public Bank, Tenaga weigh on KLCI

TheStar Fri, Jun 14, 2019 05:18pm - 5 months ago

KUALA LUMPUR: Some fund selling of Public Bank, Tenaga Nasional and IOI Corp pushed the FBM KLCI into the red on Friday in the absence of any strong positive leads.

At 5pm, the KLCI was down 5.11 points or 0.31% to 1,638.63. Turnover was reduced to 1.75 billion shares valued at RM1.66bil as investors' interest waned.

The broader market was also weaker with 1.7 losers to one gainer or 498 decliners to 288 advancers while 356 counters were unchanged.

Greatech, which was listed on the ACE Market on Thursday, extended its gains, climbing seven sen to 81 sen in active trade.

Lafarge gave up nearly all its gains from the previous day after a research house poured cold water on rumours of a cement price hike. It fell 26 sen to RM4.08 – but still above the YTL Cement takeover offer of RM3.75 which closed on Thursday.

Tasek managed to hold on to the previous day's gains, ending unchanged at RM5.66.

Building material products including Hume fell 14 sen to RM1.44 while its loan stocks also fell by the same margin to RM1.96.

As for 7-Eleven, it managed to recoup most of the early losses where it fell more than 15% and forcing the suspension of the short selling. It ended the day unchanged at RM1.50.

Public Bank fell 30 sen to RM23.12 and erased 2.02 points from the KLCI, HL Bank was down 10 sen to RM18.809, CIMB four sen to RM5.28, AMBank two sen lower at RM4.41 while RHB Bank and Maybank were unchanged at RM5.70 and RM8.96.

Tenga extended its delcine, faling 14 sen to RM12.18 and wiping out 1.38 points, Press Metal eight sen to RM4.29 but GentingM added three sen to RM3.23 and Hapseng 15 sen to RM9.92. MAHB ended the day 25 sen higher at RM8.17.

As for plantations, IOI Corp lost seven sen to RM4.17 but KL Kepong rose four sen to RM24.60, PPB Group six sen to RM18.70, Sime Plantation eked out a three sen gain to RM4.67.

Petronas Gas lost 16 sen to RM17.60, Dialog two sen toRM3.25, Petronas Dagangan was flat at RM25.60 but Petronas Chemical gained three sen to RM8.34.

Among the telcos, Maxis added five sen to RM5.58, Axiata three sen to RM4.73 but Digi shed one  sen to RM4.87.

On the external front, the Hong Kong stock market fell for the third straight session on Friday and pared of some its weekly gains, as China reported lacklustre industrial production data. The Hang Seng index was down 0.7% at 27,118.53.

China stocks ended weaker, as investors kept a cautious stance ahead of data that was released after market hours, while US tariff threats continued to weigh. The Shanghai Composite index was down 1% at at 2,881.97, but still ended up 1.9% for the week. The blue-chip CSI300 index closed 0.8% lower, but 2.5% higher week-on-week. 


Related Stocks

AMBANK 4.190
AXIATA 4.440
CIMB 5.290
DIALOG 3.470
DIGI 4.680
MAXIS 5.460
PBBANK 19.980
PETDAG 23.960
PETGAS 16.720
PPB 18.100
SIME 2.340
TASEK 5.500
TENAGA 13.680
YTL 0.900


Login to comment.