Marginally lower

The Sun (Malaysia) - - SPEAK UP -

BURSA Malaysia closed marginally lower yes­ter­day after two days of gains due to a fall in crude oil prices, and as lo­cal in­vestors awaited the an­nounce­ment of Bud­get 2017 today, a dealer said. The FBM KLCI ended down 1.09 points to 1,667.18. Over­all, losers out­paced gain­ers 417 to 342, while 386 coun­ters were un­changed, 513 un­traded and 20 sus­pended.

The lo­cal mar­ket hit an in­tra­day high of 1,671.49 late af­ter­noon after which it suc­cumbed to bouts of sell­ing to close in neg­a­tive ter­ri­tory. Con­flict­ing state­ments on the tim­ing of the ex­pected US in­ter­est rate hike added to the un­cer­tainty in the mar­ket.

Te­naga Na­sional shed 2 sen to RM14.36, May­bank eased 10 sen to RM7.60, Petronas Chem­i­cals added 9 sen to RM6.95, Sime Darby perked 1 sen to RM7.96, IHH Health­care slid 2 sen to RM6.42 and Pub­lic Bank was flat at RM19.80. – Ber­nama

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