Petronas Gas weighs on KLCI, ringgit eases against dollar


KUALA LUMPUR: The local equities market slipped back on Tuesday along with other Asian markets as Wall Street's holiday meant a lack of leads for investors.

At 12.30pm, the FBM KLCI slid 1.04 points to 1,856.28 points, led by Petronas Gas's 62 sen drop to RM18.04.

Turnover was 1.34 billion shares worth a value of RM879.22mil. There were 430 decliners to 369 advancers and 334 counters unchanged.

Another leading decliner was IHH Healthcare, which dropped seven sen to RM6.12. Banking stocks were trading mixed with Maybank dropping two sen to RM10.12, Ambank slipping six sen to RM4.58 and RHB falling eight sen to RM5.22. 

Public Bank put on 10 sen to RM22.08, CIMB moved four sen higher to RM7.13 and Hong Leong Bank was unchanged at RM18.48.

Plantation stocks were trading higher, with Sime Darby Plantation adding one sen to RM5.55, PPB gaining six sen to RM17.64, KL Kepong rising 10 sen to RM25.54 and IOI putting on two sen to RM4.75.

On the wider market, Hengyuan moved 26 sen higher to RM15.28. Magni-Tech gained 33 sen to RM4.43 and Hong Leong Industries rose 28 sen to RM10.78.

Among decliners, British American Tobacco slipped 28 sen to RM29.96, Tasek fell 20 sen to RM9 and Pharmaniaga shaved 10 sen to RM4.10.

In commodities, oil prices showed contrasting results with US crude moving higher due to reduced supply from Canada, while international Brent crude prices slipped.

WTI crude gained 62 cents to US$62.30 a barrel while Brent crude fell 23 cents to US$65.44 a barrel.

The ringgit eased slightly against the greenback to 3.8940 as the US dollar rose from three-year lows set in the previous week.

However, the local currency rose against other major currencies, making slight gains against the pound sterling at 5.4433 and the Singapore dollar at 2.9607.

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