KUALA LUMPUR: Blue chips closed lower on Thursday amid a weakening broader market, tracking the key Asian and European bourses as worries about the costs of the rising US-China trade war weighed on investor sentiment.At 5pm, the KLCI closed down 1.87 points or 0.12% to 1,601.87. Turnover was 2.38 billion shares valued at RM2.11bil. Decliners beat advancers nearly four to one, with 718 losers to 188 gainers and 314 counters unchanged.US equity futures and European stocks tracked a slide in Asian shares as trade tensions between the world’s two largest economies showed little sign of easing. Dialog added two sen to RM3.38.Dayang was battered, falling 24 sen to 89 sen – the lowest since Feb 22 after announcing its results. IOI Corp shed three sen to RM4.19, Sime Plantation two sen to RM4.66, KL Kepong was flat at RM24.16 but PPB Group added two sen to RM14.44.The ringgit fell 0.17% to the US dollar to 4.1933 but gained 0.15% to the pound sterling at 5.2933, advanced 0.18% to the euro at 4.6705 and eked out a 0.01% gain against the Singapore dollar at 3.0349.

Source: The Star May 23, 2019 10:06 UTC