KUALA LUMPUR: Asian markets, including Bursa Malaysia, fell in the morning session on Tuesday, June 1, due to weaker investor sentiment amidst persistent worries about the global economy given the lingering Euro debt crisis as well as data indicating a slowdown in China's manufacturing output.
China's factory output eased last month as gradual policy tightening took a toll on new orders, suggesting to some economists that Beijing will take its time before nudging interest rates higher, according to Reuters.
But a pair of surveys of manufacturing executives pointed to a loss of momentum, not a sudden stop, in the world's third-largest economy, which is underpinned by rising incomes and vast infrastructure spending, it said.
Crude palm oil for the third month delivery rose RM19 per tonne to RM2,420 while crude oil fell seven cents per barrel to US$73.90. Meanwhile, gold advanced US$2.80 per ounce to US$1,219.
Taiwan's TAIEX Index fell 1.12% to 7,291.74, the Shanghai Composite Index lost 1.01% to 2,565.95, South Korea's Kospi Index fell 0.90% to 1,626.47, Singapore's Straits Times Index down 0.78% to 2,731.18, Japan's Nikkei 225 down 0.73% to 9,697.69 and Hong Kong's Hang Seng Index shed 0.66% to 19,634.39.
At Bursa Malaysia Securities, the 30-stock FBM KLCI fell 0.60% or 7.73 points to 1,277.18, while the broader FBM 100 declined 50.80 points to 8,377.32. Losers led gainers by 415 to 130, while 199 counters traded unchanged. Volume was 352.69 million shares valued at RM223.13 million.
The FBM KLCI was dragged by losses including at Maybank, Sime Darby, IOI Corp, Genting and Tenaga.
Tanjong was the top loser this morning, and fell 60 sent to RM17.40. Maybank fell eight sen to RM7.26, Sime Darby and Genting lost six sen each to RM7.69 and RM6.74, IOI Corp lost four sen to RM4.87 while Tenaga fell five sen to RM8.30.
Meanwhile, CIMB and Axiata lost two sen each to RM6.76 and RM3.75, respectively.
Among gainers, Tradewinds added 24 sen to RM3.09, Bintulu Port up 16 sen to RM6.48, Petronas Dagangan gained 14 sen to RM9.09 while Panasonic rose 10 sen to RM16.90.
Kenmark was the most actively traded counter in the morning session with 139.68 million shares done. The stock lost 6.5 sen to 4 sen.
Other actives this morning included CIMB, Talam, E&O, SAAG and KNM.
China's factory output eased last month as gradual policy tightening took a toll on new orders, suggesting to some economists that Beijing will take its time before nudging interest rates higher, according to Reuters.
But a pair of surveys of manufacturing executives pointed to a loss of momentum, not a sudden stop, in the world's third-largest economy, which is underpinned by rising incomes and vast infrastructure spending, it said.
Crude palm oil for the third month delivery rose RM19 per tonne to RM2,420 while crude oil fell seven cents per barrel to US$73.90. Meanwhile, gold advanced US$2.80 per ounce to US$1,219.
Taiwan's TAIEX Index fell 1.12% to 7,291.74, the Shanghai Composite Index lost 1.01% to 2,565.95, South Korea's Kospi Index fell 0.90% to 1,626.47, Singapore's Straits Times Index down 0.78% to 2,731.18, Japan's Nikkei 225 down 0.73% to 9,697.69 and Hong Kong's Hang Seng Index shed 0.66% to 19,634.39.
At Bursa Malaysia Securities, the 30-stock FBM KLCI fell 0.60% or 7.73 points to 1,277.18, while the broader FBM 100 declined 50.80 points to 8,377.32. Losers led gainers by 415 to 130, while 199 counters traded unchanged. Volume was 352.69 million shares valued at RM223.13 million.
The FBM KLCI was dragged by losses including at Maybank, Sime Darby, IOI Corp, Genting and Tenaga.
Tanjong was the top loser this morning, and fell 60 sent to RM17.40. Maybank fell eight sen to RM7.26, Sime Darby and Genting lost six sen each to RM7.69 and RM6.74, IOI Corp lost four sen to RM4.87 while Tenaga fell five sen to RM8.30.
Meanwhile, CIMB and Axiata lost two sen each to RM6.76 and RM3.75, respectively.
Among gainers, Tradewinds added 24 sen to RM3.09, Bintulu Port up 16 sen to RM6.48, Petronas Dagangan gained 14 sen to RM9.09 while Panasonic rose 10 sen to RM16.90.
Kenmark was the most actively traded counter in the morning session with 139.68 million shares done. The stock lost 6.5 sen to 4 sen.
Other actives this morning included CIMB, Talam, E&O, SAAG and KNM.
No comments:
Post a Comment