Wall Street Technology Shares Lose, Bursa Malaysia Facing Risk?

thecekodok


The FBM KLCI capped its losses entering the midday session after falling as much as 10.5 points in a mood sparked by massive profit-taking activity in US tech stocks.


At the close of the early session, the benchmark index fell 4.44 points to 1,616.70.


It was a day of widespread decline in the domestic stock market with 859 counters in the red compared to 224 positive counters.


All sectors with the exception of REITs are in negative territory with tech stocks continuing to lead the main decliners.



The total market turnover was 2.8 billion shares worth RM1.45 billion.


Meanwhile, Tenaga fell 16 sen to RM14.24, Kuala Lumpur Kepong fell 30 sen to RM20.58 and Genting lost seven sen to RM4.65.


Other markets include Gamuda down 17 sen to RM7.92, NationGate down 15 sen to RM2.12 and Atlan down 14 sen to RM2.60.


In the technology sector, Frontken fell 17 sen to RM4.17, MPI fell 16 sen to RM38 and Greatec fell 16 sen to RM5.33.


The most active shares were Zentech unchanged at one sen, OCR rose 0.5 sen to 11 sen and Artroniq fell one sen to 20 sen.

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