Bursa snaps winning streak as Petronas stocks, Tenaga pull back

  • 📰 staronline
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 75%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

KUALA LUMPUR: Bursa Malaysia's recent rally hit a speed bump on Tuesday on selling of Petronas-linked stocks and Tenaga Nasional, in line with the key Asian markets except China.

At 5pm, the FBM KLCI was down 10.18 points or 0.65% to 1,566.72. Turnover was 7.78 billion shares valued at RM4.93bil. Decliners led advancers about three to two or 648 losers to 428 while 415 counters unchanged.

In the statement, Bank Negara said following the gradual and progressive re-opening of the economy since early May, economic activities have begun to recover from the"trough in the second quarter". US light crude oil fell nearly 1% or 39 cents to US$40.24 and Brent was down 0.74% or 32 cents to US$42.78.

Among the banks, Hong Leong Bank lost nine sen to RM14.46, CIMB was unchanged at RM3.70, Maybank shed one sen to RM7.82 but Public Bank bucked the trend to climb six sen top RM17.40. Crude palm oil for third month delivery fell RM18 to RM2,373 per tonne. IOI Corp nine sen lower at RM4.41, KL Kepong four sen to RM22.60, PPB Group 12 sen to RM17.80 and Sime Plantation one sen to RM4.96.US spot gold fell US$7.81 to US$1776.87 per troy ounce.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Declines in PLCs’ earnings need to be addressed, says Bursa Malaysia chief | Malay MailKUALA LUMPUR, July 7 ― Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar has stressed on the need to address the issue of declining Public Listed Companies’ (PLC) earnings, which experienced a drop of 5.4 per cent between 2015 and 2019. “Although Malaysia stands out as one of the economic...
Source: malaymail - 🏆 1. / 86 Read more »