FBM KLCI slumps on Top Glove, TNB selldown

TheEdge Mon, Sep 07, 2020 04:23pm - 3 years View Original


KUALA LUMPUR (Sept 7): Bursa Malaysia remained in the red at mid-afternoon, weighed down by selling pressure on selected blue-chip stocks led by Top Glove Corp Bhd and Tenaga Nasional Bhd (TNB).

At 3.06pm, the benchmark FBM KLCI fell 6.92 points, or 0.46%, to 1,508.94 from last Friday's close of 1,515.86.

The key index eased 1.23 points at the opening.

Among the heavyweights, Top Glove gave up 17 sen to RM8.21, TNB shed 16 sen to RM11.00, Dialog Group Bhd lost 11 sen to RM3.71, MISC Bhd was 10 sen weaker at RM7.52, while Petronas Chemicals Group Group was unchanged at RM5.50.

Of the actives, JCY International Bhd went up three sen to 79.5 sen, Ekovest Bhd climbed four sen to 52.5 sen, SYF Resources Bhd inched up five sen to 23.5 sen, while Fintec Global Bhd trimmed 1.5 sen to 14 sen and Permaju Industries Bhd was half-a-sen easier at 43.5 sen.

Supermax warrants continued to dominate the top losers list by taking up five out of the top 10 loser counters, while Supermax, also among them, lost 50 sen to RM9.10.

Other top decliners included Allianz Malaysia Bhd, which slipped 70 sen to RM13.90, Malaysian Pacific Industries Bhd and Thong Guan Industries Bhd which lost 34 sen each to RM17.96 and RM5.10, respectively, and Pharmaniaga Bhd which dwindled 30 sen to RM4.74.

On the index board, the FBM Emas index declined 62.72 points to 10,909.57, the FBMT 100 index was 57.79 points lower at 10,712.75 while the FBM 70 dipped 110.84 points to 14,287.34.

The FBM Emas Shariah index contracted 104.32 points to 12,905.5 and the FBM ACE shrank 107.77 points to 10,698.28.

Sector-wise, the Financial Services index shed 16.37 points to 12,621.49, the Industrial Products and Services index inched down 0.94 of-a-point to 135.99 but the Plantation index improved 24.69 points to 7,087.94.

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Related Stocks

ALLIANZ 19.940
BURSA 7.460
DIALOG 2.290
EKOVEST 0.495
FINTEC 0.010
JCY 0.245
M&A 0.350
MISC 7.660
MPI 30.880
PCHEM 6.710
PERMAJU 0.045
PHARMA 0.350
SUPERMX 0.815
TENAGA 11.380
TGUAN 1.860
TOPGLOV 0.810

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