KUALA LUMPUR: Malaysia’s key FBM KLCI remained in the negative territory at midday on Tuesday, weighed by declines in Sime Darby and Maybank amid a cautious market as the US Budget impasse erodes investors’ confidence.
At 12.30pm, the FBM KLCI was down 1.22 points to 1,775.60. Turnover was 706.36mil valued at RM548.68mil. There were 224 gainers, 333 losers and 314 counters unchanged.
Reuters reported the US dollar skidded to near an eight-month low on Tuesday as the U.S. government shutdown entered its second week, leaving investors on tenterhooks as politicians in Washington made little headway in agreeing a deal to avoid an historic U.S. debt default.
At Bursa Malaysia, Maybank and Sime Darby fell four sen each to RM9.85 and RM9.50. However, this was cushioned by gains in Public Bank, which rose eight sen to RM18.06.
Aeon fell the most, down 38 sen to RM15.32 and Aeon Credit 16 sen to RM16.32.
Consumer stocks fell, with Nestle down 30 sen to RM67.90, BAT 26 sen to RM62.74 but Dutch Lady rose 40 sen to RM47.
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