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KL shares continue downtrend mid-afternoon

KUALA LUMPUR: Shares on Bursa Malaysia continued to slide at mid-afternoon on lack of buying momentum ahead of Bank Negara Malaysia’s interest rate decision later today.

At 3.05 pm, the market barometer FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,816.44, down 4.53 points.

On the broader market, losers trounced gainers by 408 to 292, with 322 counters unchanged, 771 untraded and 17 others suspended.

Turnover stood at 977.03 million shares worth RM942.57 million.

Of the heavyweights, Maybank gained five sen to RM9.26, Public Bank added two sen to RM19.38, TNB shed 12 sen to RM14.08 and Axiata was five sen lower at RM6.70.

Among actives, Frontken inched up half-a-sen to 27 sen, Perwaja increased one sen to 22 sen, Kanger declined three sen to 24 sen and Vsolar edged down half-a-sen to 20.5 sen.

On the scoreboard, the Plantation Index increased 3.99 points to 7,543.11 while the Finance Index slipped 6.59 points to 16,090.14 and the Industrial Index shed 13.96 points to 3,325.9.

The FBM Emas Index depreciated 35.18 points to 12,519.42, the FBMT100 Index went down 36.18 points to 12,198.95 and the FBM Emas Syariah Index fell 44.78 points to 13,004.98.

The FBM 70 declined 62.42 points to 13,556.13 and the FBM Ace trimmed 19.49 points to 6,911.93. – Bernama

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