Petronas Dagangan drags KLCI into the red

TheStar Wed, Jan 20, 2021 06:31pm - 3 years View Original


KUALA LUMPUR: Late selling pressure on selected FBM KLCI stocks including Petronas Dagangan pushed the index into the red on Wednesday while the breadth of the broader market was slightly better.

At 5pm, the KLCI was down 0.34 of a point or 0.02% to 1,601.54. Turnover was 5.85 billion shares valued at RM4.38bil. There were 619 gainers, 528 losers and 469 counters unchanged.

The local market trailed behind the key Asian markets, except Japan, and world shares which gained on expectations of hefty US spending.

Earlier, the KLCI climbed higher after Bank Negara’s Monetary Policy Committee (MPC) retained the Overnight Policy Rate at 1.75%.

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