KLCI tumbles, different Asia markets fall after US losses – Enterprise Information

KLCI tumbles, other Asia markets fall after US losses - Business News

KUALA LUMPUR: Share costs on Bursa Malaysia tumbled on Wednesday, monitoring regional markets as political uncertainties within the US because the market reopened after the Christmas vacation.

At 5pm, the 30-stock index slipped beneath the flat line, shedding 11.22 factors, or 0.67% to 1,672.60 after shifting between 1,674.85 and 1,660.80 all through the day. 

Market breadth was overwhelmingly destructive 567 to 208 whereas 318 counters have been unchanged. Turnover stood at 1.41 billion shares valued at RM966.8mil.

In at this time’s session, 20 of the KLCI-component shares have been traded decrease whereas eight counters superior whereas two counters remained unchanged.

Sellers stated the general sentiment appeared weak and promoting strain might proceed taking cues from abroad markets. They added that the efficiency of our native bourse was primarily slowed down by heavy promoting curiosity in heavy weights counters similar to Tenaga Nasional, Maxis and Genting. 

Main decliners on the index have been Tenaga, dropping 46 sen to RM13.54, pushing the index down by 4.654 factors. Maxis shed 11 sen to RM5.24, dragging the index down by 1.53 factors and Genting fell 21 sen RM6.02, nudging the index down by 1.449 factors.

On Bursa Malaysia, United Plantations fell 80 sen to RM25, Nestle declined 50 sen to RM145.50 whereas Petronas Fuel shed 40 sen to RM18.78.

Dutch Woman and Heineken Malaysia topped the gainers’ checklist, including RM2.10 and 48 sen respectively to RM62 and RM20.36.

Elsewhere within the area, China shares slipped amid financial worries and the US political uncertainty. 

The blue-chip CSI300 index fell 0.5%, to three,002.03, whereas the Shanghai Composite Index misplaced 0.3% to 2,498.29 factors.

Japan’s Nikkei 225 closed 0.89% larger at 19,327.06. South Korea’s Kospi index fell 1.31% to 2,028.01. 

Reuters reported that Singapore shares led the decline in Southeast Asia, shedding 1.3% to an eight-week closing low, even after the city-state reported strong manufacturing knowledge for November.

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