KLCI gives up most gains on late selling of Tenaga, Petronas stocks

TheStar Mon, Apr 27, 2020 05:45pm - 3 years View Original


KUALA LUMPUR: Bursa Malaysia’s FBM KLCI pared all its hard-earned gains to close marginally higher on Monday due to late selling of Tenaga Nasional and Petronas stocks.

At 5pm, the FBM KLCI was up just 0.3 of a point or 0.02% to 1,370.16, off the intra-day high of 1,378. The broader market was mixed with 469 gainers, 396 losers and 360 counters unchanged. Turnover was 5.18 billion shares valued at RM2.24bil.

The marginal gains registered by the KLCI was in stark contrast with the key Asian markets which posted firmer gains, reflecting the carry over of the weak investment from last week.

F&N was the top gainer, up 40 sen to RM31.66, Heineken 20 sen to RM24 but Carlsberg fell 12 sen to RM27.80.

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