FBM KLCI opens higher, then slides on profit-taking

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KUALA LUMPUR: The FBM KLCI opened higher in early trade Thursday, lifted by Bank Negara's decision to keep the overnight policy rate (OPR) at 3% and gains on Wall Street, but later slid due to profit-taking activities.

Malaysian Pacific Industries jumped 58 sen to RM26.94, Chin Tek added 12 sen to RM8.16, United Plantations gained 10 sen to RM28.10 and Harrisons climbed nine sen to RM8.60.

Among the decliners on Bursa Malaysia, F&N fell 40 sen to RM30.34, PPB Group lost 24 sen to RM14.28, Hong Leong Financial Group declined 18 sen to RM18.62 and Kuala Lumpur Kepong eased 18 sen to RM22.04.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Donald Trump KLCI Markets Bursa Malaysia FBM KLCI OPR /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 09:22:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 506 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © The Star

News ID: 23454787

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