MALAYSIA's Kuala Lumpur Composite Index fell for the first time in three days, losing 3.09, or 0.3 per cent, to close at 893.42, the biggest drop since February 20.
Thirty-nine stocks fell and 37 climbed on the 100-member gauge.
February index futures gained 0.3 per cent to 896.00.
Throughout the session, the KLCI moved between 892.52 and 897.55.
The Finance Index dropped 106.66 points to 7,010.09 and the Industrial Index lost 1.04 points to 2,112.10 but the Plantation Index increased 39.55points to 4,416.01.
The FBMEmas lost 24.76 points to 5,856.59, the FBM30 slipped 32.39 points to 5,805.19, the FBM2BRD slid 29.27 points to 3,963.50 and the FBMMesdaq eased9.45 points to 3,118.60.
Decliners led advancers by 267 to 190 while 215 counters were unchanged, 578 untraded and 32 others suspended.
The turnover today was at 332.4 million shares worth RM599.7 million, up from yesterday's 327.2 million shares valued at RM616.2 million.
PLUS Expressways Bhd rose 2.1 per cent to RM2.95, the highest since January 14.
Lingkaran Trans Kota Holdings Bhd added 4.2 per cent to RM1.98, the third-best performer on the stock index.
IJM Corp climbed 2.8 per cent to RM3.68.
Malaysian toll rates on five highways will be increased on March 1, state news agency Bernama reported today, citing Works Minister Mohamad Zin.
The higher tolls are for the North South Expressway, Sprint Highway, Ampang Elevated Highway, Sungai Besi Highway and the New Pantai Expressway, the report said.
Puncak Niaga Holdings Bhd rose 2.9 per cent to RM2.88, the most since February 19.
Kumpulan Perangsang Selangor Bhd added 2.8 per cent to RM1.45
Malaysia’s Selangor state has asked the energy and water ministry for permission to resume talks with four water operators after the companies rejected a RM5.7 billion
offer to buy their assets.
Pos Malaysia Bhd, the national postal company, fell 5.1 per cent to RM2.03, the steepest decline since July 4.
The stock is the worst performer on the benchmark Composite Index. Credit Suisse Group cut its stock rating to “neutral” from “outperform” and lowered the target price to RM2.05 from RM2.65.
Resorts World Bhd declined 0.9 per cent to RM2.22, the lowest close since February 5.
The casino unit of Genting Bhd said it posted a loss of RM387.8 million in the fourth quarter, compared with a profit of RM344.1 million a year earlier, because of an “impairment loss” on an investment. Genting fell 1.7 per cent to RM3.54.
TM International Bhd dropped 2.6 per cent to RM3.06, the lowest level since February 3. - Bloomberg/Bernama
Thirty-nine stocks fell and 37 climbed on the 100-member gauge.
February index futures gained 0.3 per cent to 896.00.
Throughout the session, the KLCI moved between 892.52 and 897.55.
The Finance Index dropped 106.66 points to 7,010.09 and the Industrial Index lost 1.04 points to 2,112.10 but the Plantation Index increased 39.55points to 4,416.01.
The FBMEmas lost 24.76 points to 5,856.59, the FBM30 slipped 32.39 points to 5,805.19, the FBM2BRD slid 29.27 points to 3,963.50 and the FBMMesdaq eased9.45 points to 3,118.60.
Decliners led advancers by 267 to 190 while 215 counters were unchanged, 578 untraded and 32 others suspended.
The turnover today was at 332.4 million shares worth RM599.7 million, up from yesterday's 327.2 million shares valued at RM616.2 million.
PLUS Expressways Bhd rose 2.1 per cent to RM2.95, the highest since January 14.
Lingkaran Trans Kota Holdings Bhd added 4.2 per cent to RM1.98, the third-best performer on the stock index.
IJM Corp climbed 2.8 per cent to RM3.68.
Malaysian toll rates on five highways will be increased on March 1, state news agency Bernama reported today, citing Works Minister Mohamad Zin.
The higher tolls are for the North South Expressway, Sprint Highway, Ampang Elevated Highway, Sungai Besi Highway and the New Pantai Expressway, the report said.
Puncak Niaga Holdings Bhd rose 2.9 per cent to RM2.88, the most since February 19.
Kumpulan Perangsang Selangor Bhd added 2.8 per cent to RM1.45
Malaysia’s Selangor state has asked the energy and water ministry for permission to resume talks with four water operators after the companies rejected a RM5.7 billion
offer to buy their assets.
Pos Malaysia Bhd, the national postal company, fell 5.1 per cent to RM2.03, the steepest decline since July 4.
The stock is the worst performer on the benchmark Composite Index. Credit Suisse Group cut its stock rating to “neutral” from “outperform” and lowered the target price to RM2.05 from RM2.65.
Resorts World Bhd declined 0.9 per cent to RM2.22, the lowest close since February 5.
The casino unit of Genting Bhd said it posted a loss of RM387.8 million in the fourth quarter, compared with a profit of RM344.1 million a year earlier, because of an “impairment loss” on an investment. Genting fell 1.7 per cent to RM3.54.
TM International Bhd dropped 2.6 per cent to RM3.06, the lowest level since February 3. - Bloomberg/Bernama
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