KUALA LUMPUR: The FBM KLCI stayed in the red at the mid-day break on Monday, July 19 in line with the decline at key regional markets following the slump at Wall Street last Friday on weak corporate earnings and slide in US consumer sentiment.
At 12.30pm, the FBM KLCI fell 4.28 points to 1,332.37, dragged by losses at Sime Darby, IOI Corp, Tenaga and KLK. Losers led gainers by 327 to 195 while 237 counters traded unchanged. Volume was 441.53 million shares valued at RM635.80 million.
Crude palm oil futures for the third month delivery fell RM13 per tonne to RM2,436; crude oil shed five cents per barrel to US$75.96 while gold fell 30 cents per ounce to US$1,192.70.
At the regional markets, the Shanghai Composite Index reversed earlier losses and clawed back into the black, lifted by property stocks on reports that local governments could be building more low cost homes.'' The index was up 0.87% to 2,445.99.
The other markets also pared down earlier losses.
Hang Seng Index -0.96% 20,054.99, Kospi Index -0.42% 1,731.16 Taiex -0.20% 7,648.89 Singapore's Straits Times Index -0.14% 2,953.72 ''
Among the major losers Sime Darby, IOI Corp and Tenaga fell six sen each to RM7.75, RM5.01 and RM8.55, respectively; KLK lost 18 sen to RM16.22, AMMB seven sen to RM5.05 and Genting Malaysia three sen to RM2.67.
Top Glove fell 16 sen to RM7.06; DFZ Capital, SP Setia and PPB lost 14 sen each to RM3.36. RM4.02 and RM17.26, respectively, Cocoaland down 12 sen to RM2.32 while Parkson fell 11 sen to RM5.44.
Cycle & Carriage Bintang was the top gainer and jumped 90 sen to RM8.
Titan was the most active with 43.3 million shares. It surged rose 34 sen to RM2.19 after South Korea's Honam Petrochemical Corp launch a takeover to acquire the remaining 72.32% stake or 1.249 billion shares for RM2.93 billion or RM2.35 a share.
Panasonic gained 26 sen to RM18.80, Ho Hup 22.5 sen to 75 sen, Hua Yang 19 sen to RM1.09 and Tanjong 16 sen to RM17.76. Other gainers included Supermax, Scomi Marine, SEG International and UEM Land.
Actives included Time, Time doCom, Scomi and Land & General.
At 12.30pm, the FBM KLCI fell 4.28 points to 1,332.37, dragged by losses at Sime Darby, IOI Corp, Tenaga and KLK. Losers led gainers by 327 to 195 while 237 counters traded unchanged. Volume was 441.53 million shares valued at RM635.80 million.
Crude palm oil futures for the third month delivery fell RM13 per tonne to RM2,436; crude oil shed five cents per barrel to US$75.96 while gold fell 30 cents per ounce to US$1,192.70.
At the regional markets, the Shanghai Composite Index reversed earlier losses and clawed back into the black, lifted by property stocks on reports that local governments could be building more low cost homes.'' The index was up 0.87% to 2,445.99.
The other markets also pared down earlier losses.
Hang Seng Index -0.96% 20,054.99, Kospi Index -0.42% 1,731.16 Taiex -0.20% 7,648.89 Singapore's Straits Times Index -0.14% 2,953.72 ''
Among the major losers Sime Darby, IOI Corp and Tenaga fell six sen each to RM7.75, RM5.01 and RM8.55, respectively; KLK lost 18 sen to RM16.22, AMMB seven sen to RM5.05 and Genting Malaysia three sen to RM2.67.
Top Glove fell 16 sen to RM7.06; DFZ Capital, SP Setia and PPB lost 14 sen each to RM3.36. RM4.02 and RM17.26, respectively, Cocoaland down 12 sen to RM2.32 while Parkson fell 11 sen to RM5.44.
Cycle & Carriage Bintang was the top gainer and jumped 90 sen to RM8.
Titan was the most active with 43.3 million shares. It surged rose 34 sen to RM2.19 after South Korea's Honam Petrochemical Corp launch a takeover to acquire the remaining 72.32% stake or 1.249 billion shares for RM2.93 billion or RM2.35 a share.
Panasonic gained 26 sen to RM18.80, Ho Hup 22.5 sen to 75 sen, Hua Yang 19 sen to RM1.09 and Tanjong 16 sen to RM17.76. Other gainers included Supermax, Scomi Marine, SEG International and UEM Land.
Actives included Time, Time doCom, Scomi and Land & General.
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