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电报搜索bot:Market pares losses; breadth remains negative

admin2022-10-214

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KUALA LUMPUR: Despite paring some of its losses, the FBM KLCI remained in negative territory for the second straight day.

The benchmark index closed 6.25 points, or 0.45% lower at 1,380.57 after moving between an intraday high of 1,391.47 and a low of 1,376.54.

The broader market displayed its weakness as profit-takers triumphed over bargain-hunters. There were 490 losers, 344 gainers and 384 counters traded unchanged.

About 1.85 billion shares, valued at RM1.6bil, changed hands.

Stock market data showed foreign investors were net sellers disposing of RM139mil worth of equities on Tuesday.

Local institutions and retailers were net buyers at RM79mil and RM60mil respectively.

Among the losers on Bursa Malaysia, Malaysian Pacific Industries tumbled RM1.22 to RM25.88, UWC lost 45 sen to RM3.49, Vitrox eased 37 sen to RM6.80 and F&N declined 26 sen to RM20.84.

Nestle rose 50 sen to RM130, Rapid gained 32 sen to RM14.50, Kuala Lumpur Kepong added 30 sen to RM20.10 and Kluang Rubber advanced 25 sen to RM4.

Meanwhile, the ringgit was quoted at 4.6825, down 0.2% against the US dollar.

US West Texas Intermediate crude fell 14 cents to US$89.21 a barrel and Brent lost three cents to US$94.26 per barrel.

Among the key regional markets:

Japan’s Nikkei 225 closed down 0.02% to 26,396.83;

Hong Kong’s Hang Seng Index fell 0.78% to 16,701.03;

Shanghai Composite Index added 1.53% to 3,025.51;

South Korea’s Kospi advanced 0.47% to 3,207.02 and;

Singapore’s Straits Times Index fell 0.47% to 3,090.40 points.


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