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KUALA LUMPUR: Bursa Malaysia fell into negative territory at noon on Tuesday as glove stocks lost recent gains due to profit taking, but tech and semiconductor stocks provided some respite.
At 12:30 p.m. M., The KLCI was down 1.52 points or 0.1% at 1,516.59. The turnover was 6.50 billion shares valued at RM3.22bil. There were 383 winners, 566 losers, and 411 unchanged counters.
Turning to the Asean markets, Reuters reported that Philippine stocks rose to a two-month high as easing coronavirus restrictions boosted risk appetite, while Thai stocks held near lows of six months after a sell-off sparked by fears of escalating anti-government protests. .
In Bursa, among consumer stocks, Nestlé fell the most, sliding RM2.10 to RM139.90, F&N 44 sen to RM31.12, Dutch Lady
and Carlsberg 10 sin each at RM37.30 and RM18.98.
Regarding plantations, PPB Group lost 16 sen to RM18.80.
Among the pharmaceutical stocks, Pharmaniaga drop 11 sen to RM5.39, Duopharma lost six sen to RM4, Apex Healthcare five sen at RM3.45 but Kotra added eight sen at RM3.44.
Kossan lost seven sen to RM8.06, Top Glove three sen to RM9.57, Supermax two sen to RM10.68, Hartalega no change at RM19, but condom maker Karek jumped 18 sen to 99.5 sen and Mah Sing 12 sen to RM1.36.
Tech and semiconductor-related stocks were mostly higher, with MPI rising 20 sen to RM20.66, Prolexus 14 sen at RM1.91 and its guarantees 12 sen at RM1.11, Vitrox 12 sen at RM13.60.
As for the shares linked to Petronas, Petronas Dagangan fell 22 sen to RM18.66, Petronas Chemicals seven sen to RM5.93 but Petronas Gas advanced six sen to RM16.08.
Aneka Jaringan, which was listed on the ACE market, lost two 2.5 sen to 30.5 sen due to weaker market sentiment.
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