Monday, June 28, 2010

FBM KLCI declines in early trade

KUALA LUMPUR: The FBM KLCI fell 1.47 points to 1,324.98 points at 9.05am, dragged by losses including at Tanjong, CIMB and Genting, as well as lingering concerns about external issues like the US economy and eurozone debt crisis.

At Bursa Malaysia, among the major losers, Hai-O fell 20 sen to RM3.92, Tanjong 10 sen to RM17.70, Berjaya Sports Toto and SEG International five sen each to RM4.28 and RM4.40, while CIMB, Genting and Stamford College fell four sen each to RM7.02, RM7.34 and 45 sen, respectively.

Kossan was the top gainer and added 23 sen to RM7.82, QSR up nine sen to RM3.79, Public Bank and LPI Capital six sen each to RM11.96 and RM15.36.

Meanwhile, oil rose above US$79 (RM255.17) on Monday to its highest in almost eight weeks as tropical storm Alex forced Mexico to reduce oil exports and some producers in the United States to evacuate platforms and curb output, according to Reuters.


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