KUALA LUMPUR: The FBM KLCI pulled back below 1,600 points on Wednesday as sellers dominated the market amid profit taking activities. The 30-stock KLCI fell 14.49 points, or 0.9% to 1,586.89, its intra-day low after rising to a high of 1,604.98. Genetec fell 68 sen to RM30.42, Hartalega shed 26 sen to RM7.12, Hong Leong Bank declined 26 sen to RM18.92 and Petronas Gas fell 26 sen to RM16.54. Meanwhile, Reuters reported that Opec+ revised up its 2022 oil demand forecast ahead of a meeting of the oil-producing group on Wednesday. Brent crude added 65 cents to US$72.28 a barrel while US crude oil was up 60 cents to US$69.10 per barrel.

Source: The Star September 01, 2021 09:44 UTC