Bursa Malaysia continues downtrend at mid-afternoon

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KUALA LUMPUR, Sept 1 ― Bursa Malaysia continued to trend lower at mid-afternoon, dragged down by persistent selling in selected heavyweight stocks, led by Petronas Dagangan...

KUALA LUMPUR, Sept 1 ― Bursa Malaysia continued to trend lower at mid-afternoon, dragged down by persistent selling in selected heavyweight stocks, led by Petronas Dagangan Bhd and Sime Darby Plantation Bhd.At 3.00pm, the benchmark FTSE Bursa Malaysia KLCI fell 11.48 points to 1,500.57 from Tuesday’s close of 1,512.05.Bursa Malaysia and its subsidiaries were closed yesterday for the National Day holiday.

Among the heavyweights, Maybank and Petronas Chemicals eased two sen each to RM8.95 and RM8.78 respectively, Public Bank fell five sen to RM4.66, while CIMB rose 11 sen to RM5.48 and IHH Healthcare gained four sen to RM6.24.

 

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