Tuesday June 20, 2017
02:24 PM GMT+8

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AAt 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 7.69 points to 1,781.21 from yesterday’s close of 1,788.90. — Reuters picAAt 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 7.69 points to 1,781.21 from yesterday’s close of 1,788.90. — Reuters pic KUALA LUMPUR, June 20 — Bursa Malaysia extended its downtrend to mid-day today on a lack of support for certain heavyweight stocks such as Maxis and TNB.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 7.69 points to 1,781.21 from yesterday’s close of 1,788.90.

The benchmark index moved between 1,780.77 and 1,787.70 throughout the morning session, after opening 2.18 points weaker at 1,786.72 this morning.

A dealer said Maxis which halted trading in its shares yesterday, plans to raise up to RM1.64 billion via the issuance of 300 million new shares under a proposed private placement to investors. The indicative issue price for the placement shares is RM5.47 per share.

He said the proceeds will strengthen the company’s financial position and give it the flexibility to fund its future spectrum assignment fees and growth strategy.

On the broader market, losers led gainers 439 to 272, while 373 counters remained unchanged, 705 untraded and 21 others suspended.

Turnover stood at 796.72 million shares worth RM811.47 million.

Top losers included United Plantations which fell 50 sen to RM28.20, Maxis declining 25 sen to RM5.63, BAT falling 20 sen to RM45.36, TNB easing 18 sen to RM14.20 and MISC losing 12 sen

The actives included Netx and Pasukhas with both improving one sen to 6.5 sen and 17 sen respectively, MBSB gaining five sen to RM1.37, while Anzo fell 1.5 sen to 17 sen and FGV sliding two sen to RM1.82.

The gainers included Aji which rose 66 sen to RM22.92, Nestle expanded 28 sen to RM83.28, EngKah gained 20 sen to RM1.72 and Panasonic increased 16 sen to RM35.38.

Of the heavyweights, Maybank and Sime Darby bagged one sen each to RM9.64 and RM9.61,  Public Bank was flat at RM20.34 and CIMB slid two sen to RM6.65.

The FBM Emas Index narrowed 42.34 points to 12,674.02, the FBMT100 Index declined 44.16 points to 12,317.76, the FBM Emas Shariah Index fell 64.69 points to 12,876.48, the FBM Ace was 10.52 points lower at 6,164.46 and the FBM 70 fell 19.90 points to 15,030.22.

Sector-wise, the Finance Index expanded 9.16 points to 16,860.64, the Industrial Index declined 7.82 points to 3,277.78 and the Plantation Index dropped 16.58 points to 7,967.03. — Bernama

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