Little Movement Seen For Malaysia Stock Market
The Malaysia stock market on Wednesday ended the modest two-day winning streak in which it had gathered almost 5 points or 0.3 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,500-point plateau and it's tipped to remain in that neighborhood again on Thursday.
The global forecast for the Asian markets suggests little movement amid a lack of catalysts with some markets still on holiday. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow that lead.
The KLCI finished barely lower on Wednesday following losses from the plantations, gains from the financials and a mixed picture from the telecoms.
For the day, the index eased 0.88 points or 0.06 percent to finish at 1,499.45 after trading between 1,494.73 and 1,501.86.
Among the actives, Axiata tumbled 1.94 percent, while CIMB Group perked 0.17 percent, Dialog Group skyrocketed 7.06 percent, Digi.com gained 0.24 percent, Genting surged 2.02 percent, Genting Malaysia climbed 1.06 percent, IHH Healthcare slumped 1.17 percent, INARI sank 0.37 percent, IOI Corporation retreated 1.28 percent, Kuala Lumpur Kepong eased 0.09 percent, Maybank collected 0.11 percent, Maxis plummeted 3.41 percent, MISC plunged 2.57 percent, MRDIY advanced 1.02 percent, Press Metal jumped 1.14 percent, RHB Capital spiked 1.23 percent, Sime Darby declined 1.68 percent, Sime Darby Plantations tanked 2.47 percent, Telekom Malaysia rose 0.19 percent, Tenaga Nasional added 0.74 percent and Petronas Chemicals, PPB Group and Public Bank were unchanged.
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