FBM KLCI up slightly

The Sun (Malaysia) - - MEDIA & MARKETING -

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

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