KUALA LUMPUR: The FBM KLCI fell below the crucial 1,530-point level on Thursday, April 21 as local investor sentiment was dampened by the rising domestic inflation.
The benchmark index was the worst performer among the key regional markets that rose on the back of the firm overnight close at Wall Street riding on strong US corporate earnings.
At 5pm, the FBM KLCO fell 0.31% or 4.69 points to 1,526.33, weighed by losses including at DiGi, BAT, KLK, Petronas Dagangan and UMW.
Gainers led losers by 354, while 285 counters traded unchanged. Volume was 1.37 billion shares valued at RM1.54 billion.
MIDF Research said that as opposed to the regional market, the local bourse was less appetising and that this could be attributed to the March inflation data that rose by 3.0% year-on-year, signaling more rate hikes in the pipeline.
'This may have provided some room for switching from equities to non-equities as the ringgit to the US dollar is seen to be strengthening,' it said.
Among the top losers today, DiGi fell 38 sen to RM28.82, BAT 30 sen to RM47.48, KLK 20 sen to RM20.70, VisDynamics 10 sen to RM15.82, NSOP 13 sen to RM5.31, Kluang, Lafarge Malayan Cement and UMW fell 11 sen each to RM2.69, RM7.25 and RM7.08, while Riverview lost nine sen to RM2.87.
Gainers included Tradewinds that rose 27 sen RM7.94, Jerneh 18 sen to RM3.33, Tricubes 15.5 sen to 31.5 sen, Tan Chong 15 sen to RM4.55, while Paramount, United Malacca and Guan Chong added 13 sen each to RM5.63, RM6.97 and RM2.77 respectively.
Timber-related stocks advanced with Ta Ann up 25 sen to RM6.48, Subur Tiasa up 14 sen to RM3.22, Jaya Tiasa 11 sen to RM6.42, WTK 10 sen to RM1.97, Lingui up nine sen to RM1.94 and Leweko 1.5 sen to 23.5 sen.
Asia Media was the most actively traded counter with 61.45 million shares done. The stock added 2.6 sen to 32.5 sen.
Other actives included Tricubes, DBE Gurney, Seal, Technodex, Karambunai, Leweko and ConnectCounty.
At the regional markets, Japan's Nikkei 225 rose 0.82% to 9,685.77; Hong Kong's Hang Seng Index was up 1.01% to 24,138.31, the Shanghai Composite Index added 0.65% to 3,206.67, Taiwan's Taiex jumped 1.64% to 8,957.65, South Korea's Kospi added 1.32% to 2,198.54 and Singapore's Straits Times Index gained 0.91% to 3,194.73.
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The benchmark index was the worst performer among the key regional markets that rose on the back of the firm overnight close at Wall Street riding on strong US corporate earnings.
At 5pm, the FBM KLCO fell 0.31% or 4.69 points to 1,526.33, weighed by losses including at DiGi, BAT, KLK, Petronas Dagangan and UMW.
Gainers led losers by 354, while 285 counters traded unchanged. Volume was 1.37 billion shares valued at RM1.54 billion.
MIDF Research said that as opposed to the regional market, the local bourse was less appetising and that this could be attributed to the March inflation data that rose by 3.0% year-on-year, signaling more rate hikes in the pipeline.
'This may have provided some room for switching from equities to non-equities as the ringgit to the US dollar is seen to be strengthening,' it said.
Among the top losers today, DiGi fell 38 sen to RM28.82, BAT 30 sen to RM47.48, KLK 20 sen to RM20.70, VisDynamics 10 sen to RM15.82, NSOP 13 sen to RM5.31, Kluang, Lafarge Malayan Cement and UMW fell 11 sen each to RM2.69, RM7.25 and RM7.08, while Riverview lost nine sen to RM2.87.
Gainers included Tradewinds that rose 27 sen RM7.94, Jerneh 18 sen to RM3.33, Tricubes 15.5 sen to 31.5 sen, Tan Chong 15 sen to RM4.55, while Paramount, United Malacca and Guan Chong added 13 sen each to RM5.63, RM6.97 and RM2.77 respectively.
Timber-related stocks advanced with Ta Ann up 25 sen to RM6.48, Subur Tiasa up 14 sen to RM3.22, Jaya Tiasa 11 sen to RM6.42, WTK 10 sen to RM1.97, Lingui up nine sen to RM1.94 and Leweko 1.5 sen to 23.5 sen.
Asia Media was the most actively traded counter with 61.45 million shares done. The stock added 2.6 sen to 32.5 sen.
Other actives included Tricubes, DBE Gurney, Seal, Technodex, Karambunai, Leweko and ConnectCounty.
At the regional markets, Japan's Nikkei 225 rose 0.82% to 9,685.77; Hong Kong's Hang Seng Index was up 1.01% to 24,138.31, the Shanghai Composite Index added 0.65% to 3,206.67, Taiwan's Taiex jumped 1.64% to 8,957.65, South Korea's Kospi added 1.32% to 2,198.54 and Singapore's Straits Times Index gained 0.91% to 3,194.73.
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