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KUALA LUMPUR: The FBM KLCI ended in negative territory on Tuesday, weighed down by the sale of glove boxes and select heavyweights.
At 5pm, the FBM KLCI dropped 8.91 points to 1,634.99 after moving between a high of 1,645.76 and a low of 1,630.83. Previously, the benchmark index opened 0.47 points above 1,644.37.
Market breadth was negative as losers led winners from 559 to 601, with 473 counters unchanged. The turnover stood at 9.14 billion shares worth RM4.2bil.
The big three glove stocks – Hartalega Holdings Bhd
, Supermax Corp Bhdand its structured guarantees and Top Glove Corp Bhd – dominated Bursa’s losers list today.
Hartalega fell 52 sen to RM11.94, pushing the index lower at 2.7287. Top Glove lost 25 sen to RM6.01, dragging the index lower at 3.1388. Supermax fell 33 sen to RM6.06, pushing the index 1.3745 points lower.
Other glove counters, Comfort Glove fell 16 sen to RM2.96, Careplus decreased 13 sen to RM2.08 and Kossan decreased 10 sen to RM4.70.
Among heavyweights, Maybank added four sen to RM8.85, Petronas Chemicals lost 12 sen to RM7.37, Public Bank dropped eight sen to RM20.70 and PPB Group closed 26 sen to RM18.62.
Nestle, the main winner in Bursa Malaysia, jumped 90 sen to RM139.50. KESM added 38 sen to RM13.54, CN Asia rose 36 sen to RM1.68 and Heineken gained 32 sen to RM23.44.
Meanwhile, the ringgit was marginally down against the US dollar at 4.0493 and was up 0.38% against the pound at 5.4689.
The local currency fell 0.01% against the euro to 5.4689 and was up 0.02% to 3.0500 against the Singapore dollar.
On the regional front, Japan’s Nikkei 225 rose 2.66% to 27,568.15, its highest closing level since August 16, 1990.
Reuters reported that South Korean shares closed at an all-time high on Tuesday in hopes that the long-awaited US pandemic aid package will be expanded, although a large number of top-tier stocks left without a dividend, which limits profits. Both the won and the benchmark bond yield rose.
The benchmark KOSPI index rose 11.91 points, or 0.42%, to 2,820.51.
China’s Shanghai Composite Index was down 0.54% to 3,379.04, while the top-tier CSI300 Index was down 0.42%.
Hong Kong’s Hang Seng Index rose 253.86 points, or 0.96%, to 26,568.49.
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