KUALA LUMPUR: Hartalega
and Top Glove's sizzling rally hit a speed bump on Tuesday as investors took profit and helped send the FBM KLCI below the critical 1,600 level as key Asian markets retreated.
At 5pm, the KLCI was down 7.6 points or 0.48% to 1,598.75. However, year-to-date, it is up 0.63%.
Turnover was high at 8.76 billion shares valued at RM8.22bil. In the broader market, decliners beat advancers more than two to one or 770 losers to 304 gainers and 394 counters were unchanged.
On the external front, Asian markets closed lower on investor worries about fresh US-China tensions and Covid-19 infections which could prompt more lockdowns by affected countries.
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