FBM KLCI: 1,592.52 pts (-7.86pts, -0.49%)
The FBM KLCI (-0.5%) retreated from the 1,600 psychological level as profit taking activities emerged after seven-day winning streak. Market breadth turned negative as the losers pipped the gainers by 531-to-453 stocks. The property sector (+1.9%) outperformed the broader market, led by IOIPG (+6.0 sen), SPSETIA (+8.0 sen), and SIMEPROP (+2.5 sen), while the plantation sector (-1.4%) staged a pullback following yesterday’s rally as the FCPO price traded pulled back below the RM5,000 level.
Top 3 Active stocks:
SERBADK (5279): RM0.385 (-2.5 sen)
KANGER (0170): RM0.055 (-0.5 sen)
HIAPTEK (5072): RM0.66 (+4.0 sen)