20-05-2025
Selling pressure drags KLCI lower amid mixed regional markets
KUALA LUMPUR: Bursa Malaysia extended its decline on Tuesday as continued selling pressure dragged the benchmark index lower, despite a mixed broader market.
At 5 pm, the benchmark FBM KLCI fell 7.27 points to 1,548.87, recovering slightly from an intraday low of 1,545.77 after reaching a high of 1,561.10 earlier in the day.
Winners and losers were closely balanced, with 478 gainers against 458 losers and 496 that were flat. About 2.6 billion shares, valued at RM1.98bil, changed hands.
Among the decliners, Nestle slid 54 sen to RM80.26, F&N fell 52 sen to RM26.28, PETRONAS Dagangan declined 50 sen to RM19.14 and Kuala Lumpur Kepong lost 20 sen to RM19.80.
Dutch Lady was the top gainer on Bursa Malaysia, rising 40 sen to RM29.50. Heineken added 30 sen to RM28.06, LPI Capital gained 20 sen to RM15 and Negri Sembilan Oil Palms climbed 16 sen to RM4.59.
Newly listed PEOPLElogy rose 6%, or 1.5 sen to 26.5 sen with 47.85 million shares traded.
On the forex market, the ringgit rose 0.09% against the US dollar to 4.2870 and gained 0.18% against the Singapore dollar to 3.3102.
Elsewhere in the region, markets closed mixed. Japan's Nikkei 225 edged up 0.08%, Hong Kong's Hang Seng Index gained 1.49%, South Korea's Kospi slipped 0.06%, while China's CSI 300 Index rose 0.54%.
