KLCI snaps two days of gains, IHH falls

TheStar Fri, Dec 14, 2018 05:24pm - 5 years View Original


KUALA LUMPUR: Blue chips snapped their two days of gains on Friday, as selling of IHH Healthcare, Tenaga Nasional and banks dragged the FBM KLCI into the red, in line with the weaker key Asian markets.

At 5pm, the KLCI was down 14.04 points or 0.84% to 1,661.96. Turnover was thin with 1.50 billion shares valued at RM1.38bil. Decliners beat advancers by more than two to one or 541 losers to 242 gainers and 339 counters unchanged.

Weighing down the KLCI was IHH which fell 20 sen to RM5.40 and erased 3.11 points from the KLCI.

India's  Supreme Court put the sale of Fortis Healthcare on hold, sending the shares of the Indian company down.

IHH acquired a 31.1% stake for RM2.348bil in cash-strapped Fortis, which operates about 30 private hospitals in India, in July after an extended bidding war for control of the company.

Tenaga lost 20 sen to RM13.26 and wiped out 2.02 points while MAHB was down 16 sen to RM7.87.

Among the banks, Public Bank fell 24 sen to RM24.74, Maybank seven sen to RM9.37, CIMB four sen to RM5.80 but RHB Bank rose twp sen to RM5.37.

Petronas Dagangan lost 38 sen to RM25.60, Petronas Gas fell 26 sen to RM18.94 and Petronas Chemical five sen to RM9.12 while Dialoj shed two sen to RM3.12.

As for plantations, IOI Corp five sen to RM4.28, Sime Plantation three sen to RM4.28, PPB Group 10 sen lower at RM16.90 while KL Kepong was down eight sen to RM24.

Genting rose five sen to RM6.07, Genting Malaysia lost two sen to RM2.79.

Among the telcos, Maxis rose four sen to RM5.25, Telekom lost four sen to RM2.61 while Axiata and Digi two sen each to RM3.86 and RM4.35.
   

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