KUALA LUMPUR (Sept 12): The FBM KLCI dipped 0.55% at midday break today, in line with pull back at most regional markets.
At 12.30pm, the FBM KLCI fell 9.86 points to 1,789.31. The index had earlier risen to a high of 1,822.68.
Losers thumped gainers by 604 to 93, while 489 counters traded unchanged. Volume was 1.26 billion shares, valued at RM1.32 billion.
Top losers included Dutch Lady Milk Industries Bhd, Ajinomoto (M) Bhd, Aeon Credit Service (M) Bhd, Top Glove Corp Bhd, Petronas Dagangan Bhd, KESM Industries Bhd, Petron Malaysia Refining & Marketing Bhd, PPB Group Bhd and Heineken Malaysia Bhd.
Actives included Sapura Energy Bhd, My E.G. Services Bhd, Nexgram Holdings Bhd, Borneo Oil Bhd, Priceworth International Bhd, AirAsia X Bhd and Hibiscus Petroleum Bhd.
Gainers included Petronas Gas Bhd, Carlsberg Brewery Malaysia Bhd, Panasonic Manufacturing Malaysia Bhd, Dialog Group Bhd and Malaysia-listed Hang Seng Index-linked put warrants.
Asian stocks slipped to 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict, according to Reuters.
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3%, plumbing its lowest levels since July 2017, Reuters said.
Affin Hwang Capital Research said the FBM KLCI Index closed flat (up 0.60 points) on Friday (Sept 7).
“Prices remain supported above the 20 days EMA. Anticipate the index to move higher in the near-term, as prices are still making higher highs & higher lows.
“The FBM KLCI Index may experience downward bias in the near-term,” the research house added.