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KLCI falls 0.25%, Top Glove leads decline

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KUALA LUMPUR: The FBM KLCI ended in the negative territory on Monday, weighed down by selling in glovemakers and selected blue-chip stocks.

At 5pm, the 30-stock index stood at 1,560.74, down 3.85 points, or 0.25%. The benchmark index opened 2.65 points lower at 1,561.94 this morning.

Dealers said investors took money off the table after the strong performance in glove counters on the risk of a windfall tax. In addition, they said trading on Bursa Malaysia were focused on second liner stocks and some technology counters. Nestle was the top gainer on Bursa Malaysia. The counter rose RM3.50 to RM143. F&N added 80 sen to RM32.80, Petronas Dagangan gained 50 sen to RM21.50 and Hong Leong Financial Group advanced 42 sen to RM13.26.

 

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