KL lower in lacklustre trading
SHARES on Bursa Malaysia closed lower yesterday in lacklustre trading, weighed by losses in finance counters.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 8.42 points to end at 1,784.06 after hovering between 1,783.15 and 1,791.18 throughout the day.
Of finance-related counters, Maybank fell 12 sen to RM9.85, while CIMB slipped 11 sen to RM7.79. Hong Leong Bank dropped 24 sen to RM14.12, RHB Capital eased 14 sen to RM7.84 and Public Bank trimmed 10 sen to RM17.78.
Affin Investment Bank vice-president/head of retail research, Dr Nazri Khan, said investors were mindful of the concerns over the US Federal Reserve’s deferment of its bond-buying programme and the deadline for the US debt ceiling.
The Industrial Index was down 6.62 points to 3,047.28, the Plantation Index was 12.93 points lower at 8,354.24, the Finance Index slipped 158.29 points to 16,631.18 and the FBM Emas Index dipped 45.59 points to 12,397.34.
The FBMT100 decreased 48.73 points to 12,134.88, the FBM 70 Index fell 21.59 points to 14,099.48 but the FBM ACE Index added 3.47 points to 5,492.05.