KLCI closes off days low but broader market weak

TheStar Fri, Mar 19, 2021 05:58pm - 3 years View Original


KUALA LUMPUR: Some fund buying of key blue chips including Sime Darby and Top Glove helped the FBM KLCI close off the day’s low on Friday but the broader market was weak in line with the cautious key Asian markets.

At 5pm, the FBM KLCI was down 1.8 points or 0.11% to 1,626.19. Turnover was 9.04 billion shares valued at RM5.79bil. The broader market weakened with 787 losers to 347 gainers and 417 counters unchanged.

Chinese equities ended lower, marking a weekly loss of 1.4%, after a rough start to China-US bilateral talks prompted heavy selling as risk sentiment soured, Reuters reported. At the close, the Shanghai Composite index was down 1.69% at 3,404.66, while the blue-chip CSI300 index closed 2.62% lower.

In Hong Kong, the Hang Seng index was down 1.41%, at 28,990.94. The Hang Seng China Enterprises index fell 1.63% to 11,283.92. Japan’s Nikkei 225 fell 1.41%, Taiwan’s Taiex 1.34% and Singapore’s Straits Times Index 0.1% lower.

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