KUALA LUMPUR: The FBM KLCI bucked the trend clawed back into positive territory at the mid-day break on Friday, July 16, as most of regional peers suffered losses on persistent concern about the health of the US economy and worries that a slowdown in China's growth would affect exports.
The dollar weakened broadly after reports that growth in industrial production had slowed sharply, offsetting a bright start to the US earnings season earlier this week which had briefly boosted markets, according to Reuters.
At the regional markets, Japan's Nikkei 225 fell 2.51% to 9,442.68, the Shanghai Composite Index loset 1.2% to 2,395.31, the South Korean Kospi Index down 0.51% to 1,742.33, Taiwan's Taiex Index 0.14% to 7,693.61 and Hong Kong's Hang Seng Index slipped 0.09% to 20,236.53. The Singapore Straits Times Index rose 0.17% to 2,948.46.
At Bursa Malaysia, the FBM KLCI gained 1.62 points to 1,335.70 at the mid-day break, lifted by gains including at CIMB, Genting, Public Bank and Tanjong.
Gainers led losers by 311 to 232, while 275 counters traded unchanged. Volume was 400.42 million shares valued at RM530.31 million.
Crude palm oil for the third month delivery surged RM44 per tonne to RM2,455; gold fell 60 US cents per ounce to US$1,207.65 (RM3,864.48), while crude oil shed 16 US cents per barrel to US$76.46.
Among the major gainers on Bursa Malaysia, CIMB added six sen to RM7.13, Genting nine sen to RM7.48, Public Bank and Tanjong rose eight sen each to RM12.08 and RM17.46, while AMMB and PLUS were up two sen each to RM5.12 and RM3.59.
Scomi Engineering jumped 34 sen to RM1.49, Kossan 26 sen to RM8.44, Tomypak and Hup Seng up 17 sen each to RM3.67 and RM1.74, HELP added 16 sen to RM3.66 while Jetson rose 15 sen to RM1.70.
Among the losers, BAT fell 40 sen to RM43.50, Goodway, F&N and PetDag fell 14 sen each to 66 sen, RM14.06 and RM9.53, while Keck Seng lost nine sen to RM5.62.
Time was the most actively traded counter with 23.68 million shares done. The stock added two sen to 43 sen.
Other actives included Scomi, Scomi Marine, Timecom and CapitaMalls Malaysia Trust.
The dollar weakened broadly after reports that growth in industrial production had slowed sharply, offsetting a bright start to the US earnings season earlier this week which had briefly boosted markets, according to Reuters.
At the regional markets, Japan's Nikkei 225 fell 2.51% to 9,442.68, the Shanghai Composite Index loset 1.2% to 2,395.31, the South Korean Kospi Index down 0.51% to 1,742.33, Taiwan's Taiex Index 0.14% to 7,693.61 and Hong Kong's Hang Seng Index slipped 0.09% to 20,236.53. The Singapore Straits Times Index rose 0.17% to 2,948.46.
At Bursa Malaysia, the FBM KLCI gained 1.62 points to 1,335.70 at the mid-day break, lifted by gains including at CIMB, Genting, Public Bank and Tanjong.
Gainers led losers by 311 to 232, while 275 counters traded unchanged. Volume was 400.42 million shares valued at RM530.31 million.
Crude palm oil for the third month delivery surged RM44 per tonne to RM2,455; gold fell 60 US cents per ounce to US$1,207.65 (RM3,864.48), while crude oil shed 16 US cents per barrel to US$76.46.
Among the major gainers on Bursa Malaysia, CIMB added six sen to RM7.13, Genting nine sen to RM7.48, Public Bank and Tanjong rose eight sen each to RM12.08 and RM17.46, while AMMB and PLUS were up two sen each to RM5.12 and RM3.59.
Scomi Engineering jumped 34 sen to RM1.49, Kossan 26 sen to RM8.44, Tomypak and Hup Seng up 17 sen each to RM3.67 and RM1.74, HELP added 16 sen to RM3.66 while Jetson rose 15 sen to RM1.70.
Among the losers, BAT fell 40 sen to RM43.50, Goodway, F&N and PetDag fell 14 sen each to 66 sen, RM14.06 and RM9.53, while Keck Seng lost nine sen to RM5.62.
Time was the most actively traded counter with 23.68 million shares done. The stock added two sen to 43 sen.
Other actives included Scomi, Scomi Marine, Timecom and CapitaMalls Malaysia Trust.
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