KUALA LUMPUR: Asian stocks fluctuated on Friday, July 2, on the back of the overnight dip at Wall Street and as concern about the strength of the global economic recovery mounted ahead of US jobs data.
Worries about the health of the global economic recovery were underscored by weak US manufacturing and employment data, causing investors to pull back ahead of a long holiday weekend in the United States, according to Reuters.
At Bursa Malaysia, the FBM KLCI declined 3.84 points to 1,304.92 at 10am, weighed down by losses including at Tanjong, Genting Malaysia and MISC. Gainers trailed losers by 93 to 137, while 139 counters traded unchanged. Volume was 131.85 million shares valued at RM142.06 million.
At the regional markets, Japan's Nikkei 225 added 0.47% to 9,235.05, Taiwan's Taiex Index up 0.99% to 7,235.93, the Singapore Straits Times Index rose 0.81% to 2,843.30 and the South Korean Kospi Index edged up 0.05% to 1,687.04.
Meanwhile, Hong Kong's Hang Seng Index fell 0.34% to 20,059.56 and the Shanghai Composite Index slipped 0.18% to 2,369.55.
At Bursa Malaysia, gaming-related counters fell on the government's move to raise duties and the counters which fell included power-to-gaming Tanjong.
Caortech and Ngiu Kee fell on concerns about their debts repayments ability.
Genting Malaysia was the most actively traded stock with 28.22 million shares done. The counter fell 19 sen to RM2.55.
The company's shares fell after it proposed to acquire Genting Singapore's under-performing UK operations, which analysts said was at the higher-end of peers' valuation.
Tanjong fell 30 sen to RM17, BAT and MISC 12 sen each to RM43.98 and RM8.37, while DFZ Capital lost 35 sen to RM3.34.
Other decliners included CIMB, YTL, PLUS, Dutch Lady and Parkson.
Among the gainers, Nestle added 22 sen to RM34.90, Top Glove up 14 sen to RM13.70, Ta Ann and Mamee gained 10 sen each to RM5.07 and RM3.14, while Latitude Tree rose seven sen to RM1.70.
The active stocks included Key Asic, Talam, Hovid and Carotech.
Worries about the health of the global economic recovery were underscored by weak US manufacturing and employment data, causing investors to pull back ahead of a long holiday weekend in the United States, according to Reuters.
At Bursa Malaysia, the FBM KLCI declined 3.84 points to 1,304.92 at 10am, weighed down by losses including at Tanjong, Genting Malaysia and MISC. Gainers trailed losers by 93 to 137, while 139 counters traded unchanged. Volume was 131.85 million shares valued at RM142.06 million.
At the regional markets, Japan's Nikkei 225 added 0.47% to 9,235.05, Taiwan's Taiex Index up 0.99% to 7,235.93, the Singapore Straits Times Index rose 0.81% to 2,843.30 and the South Korean Kospi Index edged up 0.05% to 1,687.04.
Meanwhile, Hong Kong's Hang Seng Index fell 0.34% to 20,059.56 and the Shanghai Composite Index slipped 0.18% to 2,369.55.
At Bursa Malaysia, gaming-related counters fell on the government's move to raise duties and the counters which fell included power-to-gaming Tanjong.
Caortech and Ngiu Kee fell on concerns about their debts repayments ability.
Genting Malaysia was the most actively traded stock with 28.22 million shares done. The counter fell 19 sen to RM2.55.
The company's shares fell after it proposed to acquire Genting Singapore's under-performing UK operations, which analysts said was at the higher-end of peers' valuation.
Tanjong fell 30 sen to RM17, BAT and MISC 12 sen each to RM43.98 and RM8.37, while DFZ Capital lost 35 sen to RM3.34.
Other decliners included CIMB, YTL, PLUS, Dutch Lady and Parkson.
Among the gainers, Nestle added 22 sen to RM34.90, Top Glove up 14 sen to RM13.70, Ta Ann and Mamee gained 10 sen each to RM5.07 and RM3.14, while Latitude Tree rose seven sen to RM1.70.
The active stocks included Key Asic, Talam, Hovid and Carotech.
No comments:
Post a Comment