KLCI slide continues on mounting fears over new Covid-19 strain thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: The FBM KLCI descended on profit-taking as financial heavyweights retreated from recent highs.
At 12.30pm, the key index was down 8.87 points to 1,672.54, as Public Bank fell 30 sen to RM21.58.
Maybank dropped four sen to RM8.63 and CIMB shed eight sen to RM4.42. Hong Leong Bank gained four sen to RM18.74.
Among the leading heavyweights, Tenaga slid eight sne to RM10.72 and Petronas Chemicals fell four sne to RM7.56.
Profit-taking was also seen in glove makers as more companies reported incidences of workers contracting Covid-19. Top Glove dipped two sen to RM6.75, Hartalega slipped six sen to RM12.38 and Supermax dropped 14 sen to RM6.97.
9:25 AM MYT KUALA LUMPUR: Profit-taking on the FBM KLCI continued as investors continued to cash in on the recent strong gains amid caution over the economic recovery while political uncertainty brewed ahead of the third budget reading today.
At 9.10am, the FBM KLCI was down 6.21 points to 1,656.53, spurning hopes that the index would breach the 1,700-point mark by the year-end.
At a joint press conference with Tengku Razaleigh Tengku Mohd Hamzah yesterday, Tun Dr Mahathir Mohamad called on elected representatives to vote beyond party interests in the service of the country.
The announcement seemed to suggest that there could be some opposition to the Budget at its third reading in Parliament today, causing ripples of uncertainty among investors.
Bullish momentum continues on KLCI, glove counters sink thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.