=MARKET BUZZ: Malaysia KLCI Extends Losses, Sheds 0.3%; 1710-1740 Band Tipped
KUALA LUMPUR (Feb 22) -- Malaysia’s KLCI extends losses in early trading following weak sentiment across key Asian markets. Index now falls 0.3% at 1726.05. Top Glove Corp declines 3.9% at MYR4.90, while Genting Malaysia drops 1.4% at MYR3.50. In broader market, losers outnumber gainers 379-to-172, with 590.59 million shares worth MYR330.25 million changing hands. Few sectors including plantation, energy and industrial products could be ripe for profit-taking, says Maybank Investment Bank Research says. Adds, “Technically, we expect the FBMKLCI to range between 1,710 and 1,740 today.”
- By Gho Chee Yuan; Terence.Gho@nikkeinewsrise.com; 60320267363
- Edited By Abhrajit Gangopadhyay
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2019 Nikkei NewsRise Asia Pte Ltd.