KLSE MARKET NEWS AND TRADING RECOMMENDATIONS BY SIGNAL EXPERT

KLCI steps back 0.4% at midday as Telekom Malaysia retreats

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Publish date: Mon, 19 Nov 2018, 01:54 PM
Here we will discuss about KLSE market news and trading recommendations about KLSE.

At 12.30 pm, the FBM KLCI fell 6.31 points, or 0.37% at 1,700.07. The benchmark index opened 6.43 points higher at 1,712.81 this morning. 

Shares of TM were in focus today following the resignation of its acting CEO Datuk Bazlan Osman effective immediately. TM said Bazlan has left to pursue other interests.  

TM fell 5.04%, or 12 sen to RM2.26 with 8.48 million shares done. 

On Bursa Malaysia, Ajinomoto was the top loser, falling 50 sen to RM20.  

Laggards in the KLCI component stocks included Petronas Chemicals, which fell 10 sen to RM9.30, IOI Corp shed 12 sen to RM4.27 and IHH healthcare fell five sen to RM4.69.

Elsewhere in the region, Asian shares closed higher with Japan’s Nikkei Stock Average rose 0.54%, South Korea’s Kospi gained 0.04% while the Hang Seng Index in Hong Kong advanced 0.41% and the CSI300 index added 0.5%.

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