Thursday 28 Mar 2024
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KUALA LUMPUR: Market sentiment was more cautious at the midday break on Thursday, Sept 24, with key Asian indices down between 0.8% and 2.8% as investors were concerned about the Federal Reserve's move to gradually withdraw the stimulus programme.

At 12.30pm, the FBM KLCI was down 1.31 points to 1,217.76, weighed down by losses by Genting and KL Kepong. Turnover was 385.54 million shares valued at RM550.6 million. There were 183 gainers, 346 losers and 206 stocks unchanged.

Light crude oil slipped 69 cents to US$68.28 while crude palm oil futures fell RM45 to RM2,101.

Japan's Nikkei 225 bucked the weaker markets, rising 1.05% to 10,479.07 but Hong Kong's Hang Seng Index fell 2.8% to 21,002.54, Shanghai's Composite Index lost 1.36% to 2,803.97 and Singapore's Straits Times Index shed 0.8%to 2,664.62.

At Bursa Malaysia, the broader market was weaker, with decliners beating advancers two to one while most of the gainers were small cap stocks while volume was thin.

Allianz fell the most, down 18 sen to RM4.72 but with only 100 shares done. OilCorp extended its losses, down 7.5 sen to 19 sen and it was the most active with 41 million units transacted.

KL Kepong fell 12 sen to RM13.80, Genting 11 sen to RM7.20, Kulim and Mudajaya nine sen each to RM7.40 and RM3.73 while Proton eased eight sen to RM4.40.

Car parts makers EPMB rose 10 sen to 55.5 sen in active trade and Ingress nine sen to 81 sen. Warisan jumped 24 sen to RM2.19 and KPJ 15 sen to RM3.90.

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