FBM KLCI Erases 0.25 Pct At Mid-afternoon On Heavyweight Selling

KUALA LUMPUR, July 22 (Bernama) -- Persistent selling in selected heavyweights, led by Press Metal, Sunway and Petronas Gas, pushed the key index down by 0.25 per cent by mid-afternoon.

Press Metal fell 10 sen to RM5.21, Sunway dropped nine sen to RM4.80, and Petronas Gas declined 26 sen to RM17.56. These three counters collectively contributed 3.28 points to the composite index.

At 3 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.81 points to 1,520.78 from yesterday’s close of 1,524.59.

The benchmark index opened 1.70 points higher at 1,526.29 at the opening bell.

Across the broader market, decliners overwhelmed gainers 569 to 291, while 468 counters were unchanged, 1,151 untraded and seven suspended.

Turnover stood at 2.1 billion units worth RM1.18 billion.

Among the heavyweight stocks, Maybank added two sen to RM9.54, Public Bank fell two sen to RM4.28, TNB was flat at RM13.78, and CIMB gained five sen to RM6.57.

Among the most active stocks, Zetrix eased one sen to 92.5 sen, Tanco gained one sen to 91.5 sen, NexG rose half-a-sen to 51 sen, and Pharmaniaga declined half-a-sen to 21.5 sen.

On the broader index board, the FBM Emas Index fell 36.47 points to 11,425.46, the FBMT 100 Index shed 36.49 points to 11,188.33, and the FBM Emas Shariah Index dropped 52.68 points to 11,457.03.

The FBM 70 Index dipped 91.15 points to 16,548.73, while the FBM ACE Index trimmed 42.46 points to 4,595.22.

By sector, the Financial Services Index edged up 0.58 of a point to 17,320.99, the Energy Index slipped 1.59 of a point to 737.91, and the Plantation Index dropped 4.76 points to 7,416.28.

The Industrial Products and Services Index fell 1.74 points to 153.90.

-- BERNAMA