KUALA LUMPUR: The FBM KLCI ended at the day’s low due to last-minute selling in selected heavyweights. At 5pm, the 30-stock index closed down 19.45 points, or 1.22% to 1,575.84, its intraday low. The index opened 4.02 points higher at 1,599.31 this morning. Market breadth turned negative as losers overpowered the gainers on a ratio of 823-to-448 stocks. Traded volumes, however, rose to 14.49 billion shares valued at RM6.74bil as profit taking activities took control. In today’s session, KLCI-component stocks were overwhelmingly in the negative, with 23 decliners, six gainers and one closed unchanged. Stock market data showed foreign funds were net sellers at RM135mil but local institutions were net buyers at RM2mil and retail investors at RM133mil on Wednesday. Nestle, which topped the losers list on Bursa Malaysia, fell RM2.10 to RM134.90. Carlsberg and MPI shed 68 sen each to RM22.50 and RM36.90 respectively. Tasco declined 49 sen to RM5.03 and Vitrox decreased 48 sen to RM17.20. Significant advancers on the broader market include Kuala Lumpur Kepong (KLK), Mr DIY, Toyo Ventures and DNeX. KLK jumped 42 sen to RM23.18, Mr DIY added 32 sen to RM3.73, Toyo rose 25 sen to RM2.79 and DNeX gained 22 sen to 77 sen. Earlier, Bursa Malaysia Securities has issued an unusual market activity (UMA) query to Asdion Bhd due to the recent sharp rise in the price and volume of the company's shares. Asdion closed 32.46%, or 18.5 sen higher at 75.5 sen. Meanwhile, MSCI's Asia ex-Japan stock index was firmer by 0.25%. Japan’s Nikkei 225 index settled down 0.19% at 30,236.09, reversing earlier gains. Hong Kong’s Hang Seng index hit a 32-month high earlier in the session, before closing 1.6% lower at 30,595.27 points. South Korea’s Kospi closed down 46.98 points, or 1.50%, at 3,086.75. China’s CSI300 index climbed as much as 2.1% to an all-time high of 5,930.9, before closing down 0.7% at 5,768.38.
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