FBM KLCI slides below 1,600 points

TheEdge Thu, Jul 30, 2020 04:10pm - 3 years View Original


KUALA LUMPUR (July 30): Bursa Malaysia continued its downtrend at mid-afternoon due to profit-taking activities ahead of the long Hari Raya Aidiladha holiday, which begins tomorrow.

At 3.05pm, the benchmark FBM KLCI declined 17.12 points, or 1.06%, to 1,594.3 from 1,611.42 at yesterday's close.

The key index opened 2.6 points higher at 1,614.02 at 9am.

Market breadth remained negative with losers outnumbering gainers 645 to 354, while 415 counters were unchanged, 583 untraded and 64 others suspended.

Trading volume stood at 8.7 billion shares worth RM3.82 billion.

More than two-thirds of the 30 constituents of the FBM KLCI were in the red, led by Petronas Chemicals Group Bhd, which shed 21 sen to RM6.07, Public Bank Bhd lost 42 sen to RM17.12, Malayan Banking Bhd gave up 13 sen to RM7.62, IHH Healthcare Bhd was nine sen easier at RM5.39, and CIMB Group Holdings Bhd decreased six sen to RM3.54.

Of the most active, Lambo Group Bhd, Pegasus Heights Bhd and Pegasus warrants gained half a sen each to 4.5 sen, 2.5 sen and 1.5 sen respectively, while Priceworth International Bhd was flat at three sen and XOX Bhd was one sen lower at 24.5 sen.

Top loser Nestle (Malaysia) Bhd gave up RM1.70 to RM140.30 while top gainer Malaysian Pacific Industries Bhd was 66 sen higher at RM13.36.

On the index board, the FBM Emas Index reduced 96.35 points to 11,372.95, the FBM Emas Shariah Index was 86.54 points lower at 13,378.81 and the FBMT 100 Index shrank 96.84 points to 11,211.14.

The FBM 70 trimmed 32.89 points to 14,532.44 and the FBM ACE was 21.1 points weaker at 8,502.77.

Sector-wise, the Financial Services Index dipped 200.16 points to 13,136.35, the Industrial Products and Services Index edged down 2.71 points to 139.71 and the Plantation Index contracted 30.85 points to 7,109.56.

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