Wednesday, June 23, 2010

FBM KLCI declines in early trade

KUALA LUMPUR: The FBM KLCI fell on Wednesday, June 23 in line with the regional decline following the overnight fall at Wall Street after another late sell-off.

US stocks fell more than 1% as unexpectedly poor housing figures and the puncture of a key technical level sapped buying interest, according to Reuters.

At Bursa Malaysia, the FBM KLCI shed 2.89 points to 1,320.55 at 9.05am, dragged by losses including at Tanjong, DiGi and Genting.

Among the major losers in early trade, Tanjong fell 16 sen to RM17.76, Supermax dropped nine sen to RM5.79, DiGi six sen to RM22.70, KPJ Healthcare, Boustead and Genting five sen each to RM3.34, RM3.88 and RM7.35, while Pos Malaysia shed four sen to RM2.98.

Shin Yang Shipping Corporation, which made its debut on the Main Market, was the most active stock with 12.63 million shares traded. The counter added one sen to RM1.11.

Among the gainers, KFCH added eight sen to RM9.90, SP Setia and Ingress rose six sen each to RM4 and 63 sen, while QSR and Atlan was up five sen each to RM3.60 and RM3.25.

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