KUALA LUMPUR, April 1 — Bursa Malaysia finished at an intra-day low today as investor sentiments were affected by the weaker manufacturing data amidst straggling crude oil prices. The local bourse’s performance was also tracking that of its regional peers. At 5pm, the FBM KLCI fell 28.23...
File picture shows an investor monitoring stock prices in the gallery of the RHB Investment Bank Bhd headquarters, July 16, 2018. — Bernama pic
Market breadth was negative with losers outpacing gainers 523 to 355, while 358 counters were unchanged, 685 untraded and 19 others suspended. “Investor confidence was also hampered by the sliding crude oil prices which saw the benchmark Brent Crude trading below US$25 per barrel today on oversupply worries,” he said.
Oil and gas-linked stocks continued to dominate the mostly actively traded counters today, with Sapura Energy, Alam Maritim Resources and Hibiscus inching down half-a-sen to 7.5 sen, 4.5 sen and 33.5 sen respectively. Hong Leong Financial topped the top losers list, sinking 88 sen to RM12.80, Petronas Dagangan was 78 sen lower at RM20.38, Heineken dropped 68 sen to RM21.20, Nestle wiped out 60 sen to RM136.10 and F&N trimmed 46 sen to RM30.56.
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