FBM KLCI up slightly, broader market down
BURSA Malaysia ended steady yesterday with the FBM KLCI edging up 2.04 points at 1,629.32.
The market barometer moved between 1,627.57 and 1,632.71 points during the day, after opening 0.87 point better at 1,628.15.
However, overall market breadth was negative as losers outpaced gainers 410 to 344 with 366 counters unchanged, 604 untraded and 24 suspended.
Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew said foreign buying supported the local stock market yesterday, particularly the heavyweight counters.
“The big-cap stocks were holding up quite well and this was actually enough to bring the barometer index up. We could see trading was supported by an easing in foreign selling, which had been active for the past few days. Small-cap stocks were traded mixed,” he said.
Among the heavyweights, TNB went up 10 sen to RM14.20, Petronas Chemicals rose 2 sen to RM6.89, Maybank slipped 9 sen to RM7.69 and Sime Darby dropped 10 sen to RM7.95 while Public Bank was flat at RM19.54.
Of the actives, FGV lost 20 sen to RM1.69, Sumatec Resources and AirAsia X were flat at 6 sen and 40 sen respectively and Hibiscus Petroleum was down half-a-sen to 28 sen. – Bernama