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FBM KLCI Ends Six-Session Winning Streak on Cautious Market

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MALAYSIA,STOCK MARKET,FBM KLCI

The FTSE Bursa Malaysia KLCI (FBM KLCI) closed lower on the first trading day of the year, ending its six-session winning streak. The benchmark index shed 9.46 points, or 0.58%, to close at 1,632.87. The market traded cautiously with 449 gainers, 580 losers, and 496 counters unchanged.

KUALA LUMPUR: The FBM KLCI struggled on the first trading day of the year, ending the day on a weak note in a cautious market.

There were 449 gainers, 580 losers and 496 counters traded unchanged on Bursa Malaysia. About 2.64 billion shares, valued at RM1.97bil, changed hands., the top loser on Bursa Malaysia, lost 60 sen to RM25.30. Hong Leong Financial Group fell 36 sen to RM18.14, PETRONAS Chemicals slid 31 sen to RM4.86 and Tenaga Nasional declined 18 sen to RM14.76.

The construction company risks suspension of its securities trading if it fails to submit its annual report for the financial year ended Aug 31, 2024, by the deadline of Jan 8.added 54 sen to RM30.72, PETRONAS Dagangan rose 28 sen to RM19.60 and PETRONAS Gas fell 26 sen to RM17.94.

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