Market News Update

KLCI down 0.4% for the day, 1.1% for the week

Share prices on the Malaysia stock exchange settled slightly lower Friday. The benchmark registered most of its losses during the first two hours of trading which accounted for more than six points.

The KLCI lost 5.34 points or 0.41% to 1,296.60 points. The index opened 0.11 of a point lower at 1,301.83 points and traded between 1,294.87 and 1,303.85 points during the day, representing a trading band of 8.98 points.

Market breadth was negative with losers leading gainers 357 to 278. Volume shrank to 575 million shares valued at RM1,123 million from 677 million shares worth RM1,218 million Thursday.

Of the 30 components of KLCI, six closed in the positive territory, 18 ended lower while the remaining six were unchanged. Volume for the component stock was 102 million shares worth RM648 million.

For the week, the KLCI dropped 14.60 points or 1.11% from the previous Friday’s closing of 1,311.20 points.

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