KLCI continues to defy regional weakness

KUALA LUMPUR (July 18): The FBM KLCI continued to defy the weaker regional sentiment and extended its gains for the fourth day running, staying above the 1,640-point level.

The FBM KLCI gained 5.85 points to 1,645.00.

There were 362 gainers and 358 losers, while 388 counters traded unchanged. Volume was 1.13 billion shares valued at RM1.46 billion.

Asian stocks mostly retreated after investors were spooked North Korean leader Kim Jong-un being named marshal of the army of the rogue state.

The Shanghai Composite Index gained 0.37% to 2,169.10 and Singapore’s Straits Times Index added 0.08% to 3,017.21.

Elsewhere, Hong Kong’s Hang Seng Index fell 1.11% to 19,239.88, South Korea’s Kospi lost 1.48% to 1,794.91, Taiwan’s Taiex fell 1.09% to 7,049.05, Japan’s Nikkei 225 fell 0.32% to 8,726.74.

Among the gainers on Bursa Malaysia, BAT rose RM1.58 to RM57.88, Nestle up 62 sen to RM59.12, Keck Seng 38 sen to RM4.39, F&N 30 sen to RM18.68, Lafarge Malayan Cement 23 sen to RM8, Fima Corp and Carlsberg 22 sen each to RM6.40 and RM12.40, HLFG 16 sen to RM12.46 and Ingress 15 sen to RM1.39.

AT Systemization was the most actively traded counter with 87.9 million shares done. The stock fell two sen to 19.5 sen.

Other actives included Cybertowers, Naim Indah Corp, Metronic, Asia Media, Astral Supreme and TMS, Patimas and Axiata.

Decliners included United Plantations, Cybertowersm Pharmaniaga, Batu Kawan, Media Chinese, Tahps, Ipmuda, LPI Capital and MAHB.

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