KUALA LUMPUR:'' The FBM KLCI stayed in the red in early trade on Monday, July 5 amidst cautious trading on Bursa Malaysia, in line with the general investor mood across regional markets.
At 10am, the FBM KLCI was down 2.39 points to 1,305.05, dragged by losses including at Genting, RHB Capital and Tenaga.
Losers led gainers by 138 to 97, while 132 counters were traded unchanged. Volume was 63.66 million shares valued at RM67.37 million.
Japan's Nikkei 225 added 0.37% to 9,238.01, Taiwan's Taiex Index up 0.40% to 7,360.03, the South Korean Kospi 0.29% to 1,676.59 and Singapore's Straits Times Index up 0.14% to 2,848.78.'' The Shanghai Composite Index fell 1.71% to 2,342.14 and Hong Kong's Hang Seng Index opened 0.3% lower at 19,841.78.
Kenanga Investment Bank Bhd Research said the FBM KLCI slipped 19 points or 1.4% week-on-week given a relatively more hostile external environment.
Mounting concerns on the global economy especially on signs of the recovery stalling in the face of persistent high unemployment and fiscal austerity led to higher risk aversion, it said.
"Expect another lacklustre start to the week given a shortage of catalyst with many investors preferring to remain sidelined, taking cues from key markets overseas especially Wall Street with the bulls seemingly struggling to maintain defense," it said in a note July 5.
Genting fell 10 sen to RM7.15, BAT down 12 sen to RM44.08, Tenaga fell two sen to RM8.38 while RHB Capital and Genting Malaysia lost four sen each to RM5.81 and RM2.58.
Other decliners Carlsberg, Sarawak Oil Palms, Carotech and Kumpulan Europlus.'' ''
LPI Capital was the top gainers and added 20 sen to RM15.52, Genting PLANTATION []s and KFCH up 10 sen each to RM6.60 and RM10.10, Aeon eight sen to RM4.98 while Kossan, KPJ, IJM and Titan gained seven sen each to RM7.64, RM3.52, RM4.98 and RM1.52, respectively.
Sinotop's rights shares were actively traded with 6.7 million units done. It fell half a sen to four sen. Other actives included Kenmark, IRCB, Saag, Carotech, Kumpulan Europlus and Palette.
At 10am, the FBM KLCI was down 2.39 points to 1,305.05, dragged by losses including at Genting, RHB Capital and Tenaga.
Losers led gainers by 138 to 97, while 132 counters were traded unchanged. Volume was 63.66 million shares valued at RM67.37 million.
Japan's Nikkei 225 added 0.37% to 9,238.01, Taiwan's Taiex Index up 0.40% to 7,360.03, the South Korean Kospi 0.29% to 1,676.59 and Singapore's Straits Times Index up 0.14% to 2,848.78.'' The Shanghai Composite Index fell 1.71% to 2,342.14 and Hong Kong's Hang Seng Index opened 0.3% lower at 19,841.78.
Kenanga Investment Bank Bhd Research said the FBM KLCI slipped 19 points or 1.4% week-on-week given a relatively more hostile external environment.
Mounting concerns on the global economy especially on signs of the recovery stalling in the face of persistent high unemployment and fiscal austerity led to higher risk aversion, it said.
"Expect another lacklustre start to the week given a shortage of catalyst with many investors preferring to remain sidelined, taking cues from key markets overseas especially Wall Street with the bulls seemingly struggling to maintain defense," it said in a note July 5.
Genting fell 10 sen to RM7.15, BAT down 12 sen to RM44.08, Tenaga fell two sen to RM8.38 while RHB Capital and Genting Malaysia lost four sen each to RM5.81 and RM2.58.
Other decliners Carlsberg, Sarawak Oil Palms, Carotech and Kumpulan Europlus.'' ''
LPI Capital was the top gainers and added 20 sen to RM15.52, Genting PLANTATION []s and KFCH up 10 sen each to RM6.60 and RM10.10, Aeon eight sen to RM4.98 while Kossan, KPJ, IJM and Titan gained seven sen each to RM7.64, RM3.52, RM4.98 and RM1.52, respectively.
Sinotop's rights shares were actively traded with 6.7 million units done. It fell half a sen to four sen. Other actives included Kenmark, IRCB, Saag, Carotech, Kumpulan Europlus and Palette.
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