Broadly lower

The Sun (Malaysia) - - MEDIA & MARKETING -

BURSA Malaysia closed lower yes­ter­day in line with most of Asian bourses on con­tin­ued profit-tak­ing in se­lected fi­nance and trade/ser­vices heavy­weights, deal­ers said. The FBM KLCI lost 11.33 points to 1,659.60. On the broader mar­ket, losers over­whelmed gain­ers 658 to 206 with 308 coun­ters un­changed, 484 un­traded and 17 sus­pended.

Ax­i­ata and CIMB de­clined 13 sen and 10 sen to RM4.94 and RM4.88, re­spec­tively, ac­count­ing for a com­bined loss of 3.47 points in the com­pos­ite in­dex.

Among other heavy­weights, TNB slipped 8 sen to RM14.32, May­bank fell 5 sen to RM7.81, Pub­lic Bank shed 14 sen to RM19.86 and Petronas Chem­i­cals climbed 2 sen to RM7.

Ke­nanga In­vest­ment Bank, which as­sumed K&N Ke­nanga’s list­ing sta­tus on Bursa Malaysia yes­ter­day, fell 1 sen to 47.5 sen with 156,100 shares traded.

A dealer said most re­gional bourses were weak­ened by grow­ing in­vestors con­cerns over nar­row­ing the gap be­tween US pres­i­den­tial nom­i­nees Don­ald Trump and Hil­lary Clin­ton.

Ad­di­tion­ally, in­vestors were keep­ing an eye on the out­come of the two-day US Fed­eral Re­serve pol­icy meet­ing, he said.– Ber­nama

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