KUALA LUMPUR: Asian markets declined at mid-morning on Tuesday, June 15 after Moody's Investors Service downgraded Greece's credit rating to junk status on Monday, rekindling fears that Europe's debt troubles could spread to the banking sector.
Japan's Nikkei 225 slipped 0.18% to 9,861.87, the South Korean Kospi down 0.13% to 1,688.43, Singapore's Straits Times Index declined 0.09% to 2,815.46 while Hong Kong's Hang Seng Index opened 0.1% lower at 20,031.51.
At Bursa Malaysia, investors' cautious approach was evident from the relatively low volume. At 10am, the FBM KLCI was up 0.72 of a point to 1,297.88.
Losers beat gainers by 130 to 96, while 159 counters traded unchanged. Volume was 81.66 million shares valued at RM83.11 million were traded.
Among the heavyweights, CIMB and TM added two sen each to RM6.92 and RM3.33, while Maybank rose one sen to RM7.46.
United Malacca was the top gainer and jumped 58 sen to RM8.50 after it proposed a final dividend of 25 sen, consisting of gross dividend 11 sen per share, tax-exempt dividend of 4.5 sen and single-tier dividend of 9.5 sen per share for the financial year ended April 30, 2010.
The company has also proposed to undertake a bonus issue of 67 million bonus shares to be credited as fully paid-up, on the basis of one bonus share for every two existing shares.
Other gainers included Boustead, Yee Lee, Toyo Ink, Keck Seng and Mamee.
Among the decliners in early trade, KLK fell 10 sen to RM16.02, Petronas Dagangan down nine sen to RM9, while Tenaga lost four sen to RM8.30.
NSTP and Hartalega lost five sen each to RM2.45 and RM7.75.
Shares of embattled Kenmark Industrial Co (M) Bhd came under pressure on Tuesday after Datuk Ishak Ismail ceased to be a substantial shareholder of the company.
At 10am, Kenmark was the most actively traded stock with 15.3 million shares done. The counter fell two sen to 11 sen. ''
In a statement to Bursa Malaysia Securities on Monday, Kenmark said Ishak on June 9 had disposed a total of 58.69 million Kenmark shares, representing a 32.29% stake in the company.
Other actives in early trade included LCL, Talam, KNM and Maybank.
Japan's Nikkei 225 slipped 0.18% to 9,861.87, the South Korean Kospi down 0.13% to 1,688.43, Singapore's Straits Times Index declined 0.09% to 2,815.46 while Hong Kong's Hang Seng Index opened 0.1% lower at 20,031.51.
At Bursa Malaysia, investors' cautious approach was evident from the relatively low volume. At 10am, the FBM KLCI was up 0.72 of a point to 1,297.88.
Losers beat gainers by 130 to 96, while 159 counters traded unchanged. Volume was 81.66 million shares valued at RM83.11 million were traded.
Among the heavyweights, CIMB and TM added two sen each to RM6.92 and RM3.33, while Maybank rose one sen to RM7.46.
United Malacca was the top gainer and jumped 58 sen to RM8.50 after it proposed a final dividend of 25 sen, consisting of gross dividend 11 sen per share, tax-exempt dividend of 4.5 sen and single-tier dividend of 9.5 sen per share for the financial year ended April 30, 2010.
The company has also proposed to undertake a bonus issue of 67 million bonus shares to be credited as fully paid-up, on the basis of one bonus share for every two existing shares.
Other gainers included Boustead, Yee Lee, Toyo Ink, Keck Seng and Mamee.
Among the decliners in early trade, KLK fell 10 sen to RM16.02, Petronas Dagangan down nine sen to RM9, while Tenaga lost four sen to RM8.30.
NSTP and Hartalega lost five sen each to RM2.45 and RM7.75.
Shares of embattled Kenmark Industrial Co (M) Bhd came under pressure on Tuesday after Datuk Ishak Ismail ceased to be a substantial shareholder of the company.
At 10am, Kenmark was the most actively traded stock with 15.3 million shares done. The counter fell two sen to 11 sen. ''
In a statement to Bursa Malaysia Securities on Monday, Kenmark said Ishak on June 9 had disposed a total of 58.69 million Kenmark shares, representing a 32.29% stake in the company.
Other actives in early trade included LCL, Talam, KNM and Maybank.
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