KUALA LUMPUR: The FBM KLCI slumped more than 1% on Mon, with major local markets in the red, since investors evaluate the dangers of interest rate outdoor hikes by the US Government Reserve.
On 5pm, the 30-stock index tumbled seventeen. 07 points, or 1 . 13% to 1, 487. 37, its lowest in around three weeks.
Marketplace breadth turned bad as losers overpowered the gainers on the ratio of 670-to-219 stocks. Traded quantities stood at 2 . 2 billion really worth RM1. 56bil.
Dealers expect the neighborhood bourse to continue the bearish consolidation amid the lack of fresh new network marketing leads or positive catalysts.
The KLCI-component stocks were overwhelmingly negative, with twenty six losers and one gainer while three closed unchanged.
Among the component stocks, Nestle shed 80 sen to RM134. 20, PPB eased forty sen to RM16. 46, Hong Leong Financial Group dropped 38 sen to RM19. 24 and Petronas Dagangan declined 36 sen to RM22. 30.
Hartalega 
fell 12 sen to RM1. 69 while Best Glove declined 3 or more. 5 sen to 83. 5 sen.
The sole gainer among the KLCI-component stocks and shares, MISC climbed nine sen to RM6. 99.
Within the broader market, Malaysian Pacific Industries tumbled RM1. 58 to RM32. 90, Greatech Technology dropped 25 sen in order to RM3. 77 and Carlsberg fell twenty-four sen to RM23. 98.
Panasonic Manufacturing rose twenty-eight sen to RM26. 90, Chin Hin added 14 sen to RM2. 54 and Hengyuan obtained 11 sen in order to RM4. 30.
Meanwhile, oil prices tumbled as investors were concerned about aggressive US interest rate hikes.
Brent primitive futures fell simply by US$1. 91, or even 1 . 97%, to US$94. 81 a barrel while the ALL OF US West Texas Advanced (WTI) fell US$1. 86, or 2 . 05%, to US$88. 91 per barrel or clip.
Elsewhere in Asia, Japan’s Nikkei 225 index dropped 0. 47, South Korea’s Kospi finished down 1 . 21%, Hong Kong’s Hang Seng Index get rid of 0. 6%, China’s Shanghai Composite Catalog closed up 0. 61% and Singapore’s Straits Times Index rose 0. 5%.