FBM KLCI up slightly
BURSA Malaysia ended higher yesterday, supported by persistent buying in selected heavyweights, dealers said. The FBM KLCI ended at 1,672.46, up 2.19 points. On the broader market, losers overwhelmed gainers 522 to 290 with 346 counters unchanged, 495 untraded and 32 suspended.
Among the heavyweights, Maybank rose 7 sen to RM7.90, Public Bank went up 2 sen to RM19.86, Petronas Chemicals improved 4 sen to RM7, and Genting Malaysia put on 14 sen to RM4.76.
However, TNB slipped 8 sen to RM14.34 and Axiata lost 11 sen to RM4.92.
A dealer said most regional bourses were lower due to renewed concerns over the tightening gap between the US presidential candidates in the run-up to the election next week.
“Investors are also concerned over some important data scheduled for release this week, including China and US’s factory activity,” he added.
The market was also affected by the unsuccessful outcome of the Organisation of the Petroleum Exporting Countries meeting on cutting production, which has weakened oil prices. – Bernama