share_log

FBM KLCI Edges Lower As Investors Lack Direction

Business Today ·  Oct 21 01:04

Bursa Malaysia shares remained slightly in the red as the lunch bell rang, reflecting investor uncertainty regarding future market movements.

The FBM KLCI fluctuated between positive and negative territories before closing 1.23 points lower at 1,644.76, with market participants seemingly lacking the momentum to push the benchmark out of a horizontal trading range.

The broader market saw 560 decliners compared to 333 gainers, with most sectors ending in the red. The construction, plantations, and utilities sectors were among the hardest hit.

Share turnover reached 1.94 billion, with a value of RM1.06 billion traded.

Leading the laggards were Nestlé, which fell by 80 sen to RM103.20, Kuala Lumpur Kepong, which dropped 30 sen to RM21.08, and Theta Edge, which slid 12 sen to RM1.49.

HeiTech Padu experienced significant profit-taking following the announcement of its highly anticipated government contract win, with its shares slumping 18 sen to RM4.16.

Among the actively traded stocks, Cape EMS rose by 1.5 sen to 34.5 sen, Globetronics climbed 6.5 sen to 68 sen, and Sarawak Cable gained 5.5 sen to 13 sen.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment