The FBM KLCI declined 5.06 points or 0.3% on news Fitch downgraded Malaysia's ringgit-denominated debt rating. The KLCI had also dropped on Asian share market losses.
At 5pm, the KLCI closed at 1,658.50 points after Fitch said it downgraded Malaysia's long-term ringgit bonds to A- from A. Malaysia's downgrade prompted Fitch to downgrade the debt of government-linked companies including Petroliam Nasional Bhd (Petronas).
Across Bursa Malaysia, decliners led gainers by 467 to 300. Volume was 2.22 billion shares valued at RM1.85 billion.
Top decliners included British American Tobacco (M) Bhd, Chin Teck Plantations Bhd and Genting Bhd. Top gainers included Panasonic Manufacturing Malaysia Bhd, Dutch Lady Milk Industries Bhd and Ajinomoto (M) Bhd.
PDZ Holdings Bhd was the most-actively traded counter with some 270 million shares transacted.
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