Kuala Lumpur: Bursa Malaysia share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 4.96 points to 1,733.05. The trading volume was 45.85 million lots worth RM18.03 million. There were 75 gainers, 309 losers and 167 counters unchanged.
The Petronas Gas and Tenaga Nasional among the biggest blue-chip decliner on the FBM KLCI as investor sentiment were hit by the slide on Wall Street early Friday.
In KLSE stock loser list segment, the biggest decliner on Bursa is Petronas Gas fell 28 sen to RM18.18 and Tenaga 12 sen to RM14.46.
Among the consumer stocks, Nestle lost 90 sen to RM144.10, BAT 34 sen to RM33.26 and Apollo 12 sen to RM4.01. However, Heineken rebounded 24 sen to RM18.44.
The Among plantations, PPB Group was down 24 sen to RM16.64 and KL Kepong 18 sen lower at RM24.80. KESM lost 46 sen to RM12 on profit-taking after the recent rebound in the burn-in chip tester.
Klse stock gainers list, BLD Plantation Bhd rise 52 weeks high to open at 7.360 and Hap Seng Plantations inched up four sen to RM2.04
Stocks in Asia fell as global sentiment soured on issues ranging from trade worries. Higher US interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.4% weaker following losses on Wall Street overnight. Australian shares were down 0.6%, while Japan Nikkei stock index slid 1.7%. The Nasdaq Composite dropped 2.06% and Hang Seng index slide to 0.34%.
The RINGGIT fell lowest in almost a year early Friday after Malaysia cut its economic growth target. The ringgit is among Asian FX that are undervalued which shows the reason to explain why it’s been more resilient amid the sell-off in regional currencies
The US$/ringgit rose 0.1% to 4.1615, highest since November. The pair climbed 0.2% this week, putting it on course for the fourth week of gains and the support 4.1227, 4.1257, 4.0900; resistance 4.1645, 4.1768, 4.1990
Malaysia keeps November crude palm oil export tax at zero percent. The palm oil reference price of 2,073.97 ringgit (US$499.51) per tonne for November. Any price above 2,250 ringgit incurs a tax.
Malaysian benchmark palm oil futures were last up 0.3% at 2,250 ringgit a tonne in early trade on Wednesday.