FBM KLCI stays below 1,600-mark at closing

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KUALA LUMPUR: The FBM KLCI gave up all its hard-earned gains to close in the red on Tuesday as banking and gloves counters weighed.

At 5pm, the 30-stock index ended down 2.48 points, or 0.16% to 1,588.25. The index opened 0.94 of-a-point better at 1,591.67. The market traded within a range of 25.72 points between an intra-day high of 1,597.42 and a low of 1,587.87 during the session.

There were 524 gainers, 529 losers and 440 counters traded unchanged on the Bursa Malaysia. Turnover stood at 7.48 billion shares valued at RM4.12bil., which saw its net profit surged to RM1.12bil in the fourth quarter ended March 31,2021, closed five sen lower at RM9.93.Supermax fell six sen to RM5.82 while Top Glove declined three sen to RM5.45.

Nestle fell 20 sen to RM135.80, Axiata declined eight sen to RM3.70 and Kuala Lumpur Kepong fell six sen to RM22.08. Maybank fell three sen to RM8.24, pushing the index lower by 0.5271 points. Public Bank lost one sen to RM4.12, dragging the index 0.2988 points lower.On the broader market, Transoceran was the top gainer, rising RM1.02 to RM6.20. Hengyuan added 34 sen to RM5.60, Gopeng gained 29.5 sen to RM1.13 andfell 20 sen to 25.52 while Dataprep declined 16 sen to RM1.50.South Korea’s Kospi rose 20.17 points, or 0.64%, at 3,147.37.Chinese markets are closed from May 1-5 for the Labour Day holiday.

 

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KLCI closes at day's low, banks weighThe FBM KLCI closed at the day's low on Wednesday, weighed down losses in banks and gloves as buying sentiment remained weak due to the rising Covid-19 numbers and also tracking the downbeat key Asian markets.
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