Lower in cau­tious trade

The Sun (Malaysia) - - SPEAK UP -

WEAK sen­ti­ment, brought on by the lack of di­rec­tion in oil prices and talk that US in­ter­est rates will in­crease be­fore year-end, pushed share prices to close lower on Bursa Malaysia yes­ter­day. The FBM KLCI slipped 1.69 points to 1,667.03. On the Bursa score­board, there were 398 losers and 355 gain­ers while 416 coun­ters were un­changed, 488 un­traded and 17 sus­pended.

In­vestors turned cau­tious and this was re­flected by sell­ing pres­sure in in­dex-linked and blue chips. A dealer said crude oil prices, which re­turned to the pos­i­tive zone hours be­fore trad­ing closed, and the bet­ter-than-ex­pected Au­gust In­dus­trial Pro­duc­tion In­dex, which grew 4.9%, helped cush­ion the fall.

Among the oil and gas stocks, Petronas Gas rose 18 sen to RM21.96, Petronas Chem­i­cals gained 3 sen to RM6.81 and Petronas Da­gan­gan perked 10 sen to RM23.46.

Of the heavy­weights, May­bank fell 4 sen to RM7.66, Pub­lic Bank eased 2 sen to RM19.76, IHH Health­care lost 7 sen to RM6.48 but Te­naga Na­sional was flat at RM14.38. – Ber­nama

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