FBM KLCI Losses Widened at Mid Day, In Line with Regional Peers

Bursa Malaysia finished off the Tuesday morning trading session in red with the bell-weathered index FBM KLCI retreated 11.28 points or -0.75% at 1,488.11.

In line with the regional peers, the main index was succumbed to the selling pressure in heavyweights in the oil and gas sector, banking and plantation with the losses were widened towards the end of the morning session.

Traders were tiptoeing with jittery mode ahead of interest rate decisions made by the Federal Reserve as well as Bank of England and ECB.

At 9:00 am, the main index opened lower at 1,493.79 vis-a-vis yesterday’s close of 1,499.39.

During the morning trading session, the index was traded in the range of 1,487.76 – 1,493.89.

Meanwhile, on the broader market exhibited negative breadth with decliners outpaced gainers 552 to 256, while 399 counters were unchanged.

Trading volume and value were registered at 2.513 billion units and RM1.128 billion respectively.

Top five active counters for the morning session Vestland, Borneo Oil, G3 Global, Sapura Energy, Ancom Logistics.

Top five gainers were Fraser & Neave, Harrisons Holdings, Heineken Malaysia, SAM Engineering & Equipment, British-American Tobacco.

Whilst top five decliners were PETRONAS Gas, PETRONAS Dagangan, Hong Leong Bank, Malaysian Pacific Industries, Nestle Malaysia.

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