KLSE Stock News- Bursa Malaysia Stocks Shares Opens Lower On Monday, Genting Malaysia Tumbled Most on Higher Taxes

KLSE stocks news Post

Kuala Lumpur: Bursa Malaysia share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 14.22 points or 0.83% to 1,699.65. Turnover was 361.90 million shares valued at RM507.28mil. There were 167 gainers, 233 losers and 180 counters unchanged.

Stock To Watch

Among the KLSE loser stock, Getting Bhd fell 71 sen RM6.49. MAHB fell 75 sen to RM7.50 on the proposed levy for passengers leaving the country. UMW lost 11 sen to RM4.60 and Maybank 10 sen to RM9.30.

The KLSE stocks gainer data shows, the bounce was seen in Consumer stocks led by Nestle, up RM1.60 to RM145.20, BAT RM1.12 to RM35.12, Heineken 56 sen to RM19.66 and Carlsberg 54 sen to RM18.94. Other top gainers on the KLCI included MISC rising 16 sen to RM6.86, TNB adding 10 sen to RM14.80 and Petronas Gas climbing 16 sen to RM18.60.

Petronas Dagangan rose 40 sen to RM26.40, Petronas Chemical 28 sen to RM9.76 and Petronas Gas 26 sen to RM18.70. As for plantations, KL Kepong rose 26 sen to RM25.10 and PPB Group 24 sen to RM16.84.

The KLSE active stock list, Genting collapse RM1.22 to  RM3.32, the sharpest fall in many years. It was the most active with 99.8 million shares done. and Seacera Group Bhd change to -0.015 which is 0.305

Global Market

In Asia Pacific market the Japan index slipped the most 0.2% in early trade. Japan’s Nikkei tumbled 1.3% while South Korea’s KOSPI index lost 0.8%. Australian shares were in the negative territory too, down 0.5%. Hang Seng index slide down to 2.39%.

Forex Market

In currencies, the ringgit opened slightly lower 0.3%  against the US dollar to 4.1705. today, Meanwhile, the ringgit was traded higher against other major currencies, It rose against the Singapore dollar from 3.0321/0362  to 3.0297/0336 on Friday and increased versus the Japanese yen from 3.6889/6940 to 3.6751/6805.

The domestic currency appreciated the British pound to 5.4076/4162 from 5.4196/4266 and strengthened against the euro to 4.7406/7467 from 4.7582/7643.

Commodity Market

Oil prices came under pressure on Monday in early trade. WTI crude dropped 45 cents to US$62.67 a barrel while Brent crude fell 42 cents to US$72.41 a barrel.