Broadly lower

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