FBM KLCI stays in the red amid FTSE Russell downgrade concerns

TheEdge Wed, Apr 17, 2019 03:47pm - 5 years View Original


KUALA LUMPUR (April 17): Bursa Malaysia remained easier at mid-afternoon today, amid a cautious broader market. 

At 3pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.1 points to 1,620.36, from 1,629.46 at close on Tuesday.  

The index opened 2.39 points weaker at 1,627.07.  

Losers thumped gainers 662 to 155, while 305 counters were unchanged, 766 untraded and 19 others suspended.

Turnover amounted to 2.10 billion shares, worth RM1.06 billion.

Of the heavyweights, CIMB and Petronas Gas were flat at RM5.05 and RM17.70 respectively, while Maybank lost 17 sen to RM9.04. Public Bank trimmed two sen to RM22.58. Petronas Chemicals shed three sen to RM8.92, TNB depreciated 12 sen to RM12.18 and IHH Healthcare went down eight sen to RM5.49. 

Among actives, Daya Materials and Sumatec were flat at one sen each, while Sapura Energy was one sen lower at 32 sen. Bio Osmo inched down half-a-sen to seven sen and Iskandar Waterfront gave up 8.5 sen to 84.5 sen. 

The FBM Emas Index slid 80.71 points to 11,463.76, while the FBMT100 Index decreased 74.45 points to 11,298.96 and the FBM Emas Shariah Index went down 84.55 points to 11,666.31. 

The FBM70 weakened by 139.2 points to 14,292.65 and the FBM Ace Index discounted 98.13 points to 4,587.58.  

Sector-wise, the Financial Services Index depreciated 91.33 points to 16,708.28, the Industrial Products and Services Index eased 0.78 point to 167.71, while the Plantation Index was 28.53 points easier at 7,228.89. — Bernama 

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