KLCI started the week without a positive note

17 October 2016 The FBM KLCI index lost 5.26 points or 0.32% on Monday. The Finance Index fell 0.10% to 14211.46 points, the Properties Index dropped 0.03% to 1212.14 points and the Plantation Index down 0.14% to 7903.19 points. The market traded within a range of 7.42 points between an intra-day high of 1661.13 and a low of 1653.71 during the session. Actively traded stocks include AT, HIBISCS, MNC-OR, HSI-C36, MELEWAR, RGB, PTRANS, TRIVE, MYEG-CY and HEVEA. Trading volume decreased to 1261.86 mil shares worth RM1516.69 mil as compared to Friday's 1341.79 mil shares worth RM1488.87 mil. Leading Movers were ASTRO (+3 sen to RM2.82), BAT (+50 sen to RM48.34), CIMB (+2 sen to RM4.77), HLBANK (+4 sen to RM13.20) and TM (+2 sen to RM6.70). Lagging Movers were SIME (-11 sen to RM7.75), GENTING (-11 sen to RM7.82), GENM (-6 sen to RM4.73), MISC (-9 sen to RM7.50) and YTL (-2 sen to RM1.75). Market breadth was negative with 322 gainers as compared to 440 losers. The KLCI started the week with a negative note, closed lower at 1653.71 points despite last Friday's gains in US market. The performance of our local bourse was mainly bogged down by selling interest in heavy weight counters such as SIME Darby, Genting Malaysia and YTL Corporation.