Bursa investors keep to the sidelines on GE concerns, geopolitical tensions

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KUALA LUMPUR: The FBM KLCI remained in the red while the overall domestic market stayed broadly lower as investors chose the sidelines ahead of the General Election.


Across Asia, markets recovered from an initial sell-off following reports that an explosion – ostensibly caused by a Russian-made missile – had killed two people in Poland.

At 12.30pm, the FBM KLCI was down 9.92 points to 1,440.62. There were 464 decliners compared with 279 gainers on the broader market.

Trading volume was 1.36 billion shares valued at RM796.8mil.

Among blue chips, Public Bank was the leading laggard, shaving seven sen to RM4.20, while CIMB dropped eight sen to RM5.33.

Sime Darby Plantation lost 10 sen to RM4.35 while Axiata slid six sen to RM2.83 and MISC fell eight sen to RM7.06.


Of actives, Dutch Lady gained 30 sen to RM31.30, Carlsberg fell 24 sen to RM23.60 and MPI rose 18 sen to RM26.

In major Asian markets, equities prices bounced back from a knee-jerk reaction amid fears that the conflict in Europe was escalating following news of the missile attack in Poland.

Japan’s Nikkei rose 0.1% to 28,022, South Korea’s Kospi fell 0.3% and China’s Composite Index fell 0.2% to 3,127.

Hong Kong’s Hang Seng fell 1.1% to 18,133 following the recent strong rally in technology stocks, while Australia’s ASX200 dipped 0.4% to 7,114.-The Star

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