FBM KLCI stays in the red at mid-afternoon | Malay Mail

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KUALA LUMPUR, Sept 27 — Bursa Malaysia remained lower at mid-afternoon today in line with weaker sentiment in the regional equity markets, driven by growing concern over rising global oil prices, dealers said. At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.38 points to 1,520.68...

KUALA LUMPUR, Sept 27 — Bursa Malaysia remained lower at mid-afternoon today in line with weaker sentiment in the regional equity markets, driven by growing concern over rising global oil prices, dealers said.

Market breadth was negative with losers outpacing gainers 570 to 394, while 391 counters were unchanged, 958 untraded and 16 others suspended.A dealer said that most of the Asian markets traded in cautious mode today over concern that the jump in oil prices to three-year highs could stoke inflation fears and aggravate the recent hawkish turn by some major central banks.

Among the heavyweights, Maybank slipped a sen to RM8.09 and TNB was flat at RM9.86, while Public Bank added a sen to RM4.05, Petronas Chemicals jumped 26 sen to RM8.37, and IHH Healthcare went up five sen to RM6.69.

 

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