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BURSA MALAYSIA: Bursa Malaysia extends losses to mid-day
Last update: 13/06/2018

KUALA LUMPUR, June 13 (Bernama) --†Bursa Malaysia extended its losses to†mid-day today in line with most regional markets ahead of the US Federal Reserve (Fed) monetary policy decision later tonight.

At 12.30 pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) declined 4.45 points or 0.25†per cent to 1,759.71, after†opening†2.6 points weaker at 1,761.56 against Tuesday's close of 1,764.16.

The barometer index moved between 1,755.38 and 1,762.09 throughout the morning†session.

A dealer said the market was in a cautious mode as the Fed is expected to hold another round of interest rate hike after a move in March.

On the broader market, there were 427†losers†against 322†gainers, with 328†counters unchanged, 833†untraded and 21†others suspended.

Trading volume was 1.14 billion shares valued at†RM786.86 million.

The FBM Emas Index declined 8.41†points to 12,370.28, the FBMT100 Index trimmed 10.69†points to 12,162.93 but the FBM Emas Shariah Index expanded 25.97†points to 12,449.89.

The FBM70†improved 55.26†points to†14,868.4†and the FBM Ace slipped 7.67†points to 5,259.06.

Sector-wise, the Finance Index decreased 90.24†points to 17,539.32, the Industrial Index inched down 0.79 of-a-point to 3,187.42 and the Plantation Index eased 9.64 points to 7,696.69.

Among heavyweights, Public Bank lost†28 sen to RM24.02, MISC dipped†14 sen to RM5.96, CIMB†and IOI Corp†both fell five sen to RM6.08 and RM4.60, respectively, while TNB was four sen easier to RM14.36.

Maybank added one sen to RM9.61 and Petronas Chemicals gained two sen to RM8.35.

Of the actives, MYEG†rose two sen to 96.5 sen, Fintec Global went up one sen to 9.5 sen, GSB increased 1.5 sen to 23 sen, and Sapura Energy decreased 1.5 sen to 65 sen.



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US 3.9960/9990
S'pore 2.9580/9611
100 Yen 3.6147/6177
Sterling 5.2935/2979
Euro 4.6342/6384
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
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