Bursa falls for fourth straight day on PChem, Tenaga losses – Enterprise Information

Bursa falls for fourth straight day on PChem, Tenaga losses - Business News

KUALA LUMPUR: Blue chips closed within the purple for the fourth straight day on Friday as investor sentiment was impacted by uncertainties concerning the US-China commerce pressure truce and forward of the huge rallies over the weekend.

At 5pm, the KLCI was down 2.eight factors or 0.17% to 1,680.54. Turnover was 1.91 billion shares valued at RM1.51bil. There have been 292 gainers, 427 losers and 402 counters unchanged.

After market shut, Moody’s Buyers Service affirmed the federal government of Malaysia’s native and international foreign money issuer and senior unsecured debt rankings at A3. The outlook stays steady.

“Authorities debt will keep excessive for longer and the  authorities’s fiscal coverage decisions will slim the income base and cut back fiscal flexibility additional,” it stated in a press release. 

On the exterior entrance, Hong Kong shares closed decrease because the arrest of a senior Huawei govt dampened hopes of a long-lasting decision to the US-China commerce battle.

The Cling Seng index fell 0.4%, the China Enterprises Index misplaced 1.1%, Japan’s Nikkei 225 tose 0.82%, China’s Shanghai Compositie eked out a 0.03% acquire whereas Singapore’s STI added 0.08%.

At Bursa, Petronas Chemical fell seven sen to RM9.20 and worn out one level from the KLCI, Dialog misplaced 5 sen to RM3.18, Petronas Fuel and Petronas Dagangan have been flat at RM19.10 and RM25.30.

Tenaga continued to lose floor, down six sen to RM13.70 and erased 0.6 of some extent, Genting Malaysia and Genting Bhd shed two sen every to RM2.87 and RM6.26.

IHH was flat at RM5.36, Sime Darby gained one sen to RM2.34 whereas MISC added 4 sen to RM6.10.

Among the many banks, Public Financial institution fell eight sen to RM24.80 and erased 0.55 of some extent, Maybank and CIMB shed two sen every to RM9.42 and RM5.78, HLFG dour sen to RM19.36, Hong Leong Financial institution two sen to RM20.60 whereas RHB Financial institution was unchanged at RM5.34. 

AmBank rose 10 sen to RM4.40 forward of its inclusion into the KLCI on Dec 24.

Telekom and KLCC, which might be faraway from the KLCI, rose two sen every to RM2.61 and RM7.83. 

Digi gained 4 sen to RM4.49, Axiata one sen to RM3.88 and Maxis shed three sen to RM5.40.

As for plantations, KL Kepong fell 24 sen to RM24.14, PPB Group was flat at RM17, IOI Corp rose one sen to RM4.35 and Sime Plantation tywo sen to RM4.69.

MAHB was the highest gainer among the many KLCI shares, up 21 sen to RM7.81 and added 0.62 of some extent to the index.

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