FBM KLCI edges lower amid mixed regional markets
KUALA LUMPUR: Bursa Malaysia ended marginally lower on Monday, with the benchmark index falling slightly amid mixed performance across regional markets.
The FBM KLCI declined by 1.08 points, or 0.07%, to close at 1,534.30, rebounding from an intraday low of 1,528.93 after earlier reaching a high of 1,537.27.
Gainers trailed losers by 338 to 595, while 478 counters traded unchanged. Volume was 3.12 billion shares valued at RM1.63bil.
Dealers noted that market conditions are expected to remain largely subdued, as confidence remains fragile following the recent selloff.
With renewed concerns over tariffs emerging, investors are likely to maintain a cautious stance, opting to stay on the sidelines for now.
Among the losers, Malaysian Pacific Industries slid 50 sen to RM17.92, Nestle fell 50 sen to RM79.60, Formosa Prosonic Industries lost 25 sen to RM1.89 and Ayer declined 24 sen to RM7.72.
Allianz rose 22 sen to RM19.02, PETRONAS Gas added 22 sen to RM18.22, Hong Leong Bank gained 16 sen to RM19.94 and Malayan Cement climbed 13 sen to RM5.08.
Meanwhile, Reuters reported that the ringgit and Taiwan's dollar gained the most among emerging Asian currencies on Monday.
The local unit appreciated by 0.41% to 4.2140 against the US dollar and by 0.03% to 3.2821 versus the Singapore dollar.
Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.15%.
Asian markets ended mixed, with gains in Japan and South Korea offset by declines in Hong Kong and mainland China.
Japan's Nikkei 225 rose 1%, and South Korea's Kospi closed up 2.02%, while Hong Kong's Hang Seng declined 1.35%.
China's CSI 300 Index fell 0.57%, and the Shanghai Composite Index edged down 0.05%
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