KLCI falls as investors take profit

On Friday, the Ringgit increased its advances and reached a three-month high. At 5 pm, the local currency was trading at 4.4760, up 0.43% against the US dollar. Bursa Malaysia finished 1% lower.

Losers thumped gainers 629 to 347, with 362 counters remaining unchanged. 4.4 billion shares worth of turnover totaled RM2.75 billion.

The significant event to pay attention to is the composition of the Cabinet. And the call to order of Parliament for the reintroduction of Budget 2023.

A political decision that opens the door for pro-growth measures, and domestic reforms. And additional OPR increases are among the domestic triggers for the ringgit, according to research from UOB.

After six days of net outflows, foreign investors bought RM341 million worth of stocks, according to statistics from Bursa Malaysia.

Equities worth RM159 million and RM182 million were sold by local institutions and merchants, respectively.

Nestle dropped RM1.10 to RM130.40 on Bursa Malaysia. Malaysian Pacific Industries is down 44 sen to RM27.40. PPB eased 36 sen to RM16.20, and Dutch Lady fell 28 sen to RM31.10.

Hong Leong Industries increased from 18 sen to RM9.40. Hextar Technologies increased from 62 to RM13.60. Computer Forms increased from 41 to RM1.90. Malaysia Airports increased from 21 to RM6.35, and Hong Leong increased from 18 to RM9.40.

The 10th Prime Minister, Datuk Seri Anwar Ibrahim, has declared Monday, November 28, 2022, to be a special public holiday.

The most extensive MSCI index of Asia-Pacific stocks outside Japan decreased by around 0.2%.

In other parts of the region, the Nikkei 225 in Japan, the Hang Seng in Hong Kong, the Kospi in South Korea, and the Straits Times Index in Singapore all ended the day lower.

JAMES ROBERTO

A multimedia journalist focused on producing articles about controversial global issues specifically on business, economy, politics, and technology. A strong believer in freedom of the press and exposing the wrong. only through engagement and communications can we as humans evolve. An accredited member of a leading local broadcast media organization.

A multimedia journalist focused on producing articles about controversial global issues specifically on business, economy, politics, and technology. A strong believer in freedom of the press and exposing the wrong. only through engagement and communications can we as humans evolve. An accredited member of a leading local broadcast media organization.