Friday 29 Mar 2024
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KUALA LUMPUR (May 23): The FBM KLCI remains under the 1,600-point level after US shares fell overnight on Wednesday amid renewed US-China trade war concerns.

At 11.05am, the index fell 4.64 points or 0.28% to 1,599.10.

The benchmark had earlier fallen to its intra-day low of 1,589.79 before paring losses.

Losers led gainers by 560 to 135.

At the time of writing, those leading the decline on the KLCI include Petronas Chemicals Group Bhd, down 3.06%; Sime Darby Bhd, down 1.38%; and Hartalega Holdings Bhd, down 1.35%.

Other decliners on the KLCI include Petronas Gas Bhd, PPB Group Bhd and IOI Corp Bhd.

IOI Corp fell three sen or 0.71% to RM4.19 after it reported that net profit tumbled 88.12% to RM245.80 million in the third quarter ended March 31 (3QFY19), from the RM2.07 billion a year earlier, due to forex losses and lower plantations earnings.

Meanwhile, those leading the gains on the index are Genting Malaysia Bhd, up 1.63% to RM3.12; Malaysia Airports Holdings Bhd, up 0.14% to RM7.04; and CIMB Group Holdings Bhd, up 0.97% to RM5.19.

Axiata Group Bhd, Top Glove Corp Bhd and IHH Healthcare Bhd were also among the top gainers.

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