KUALA LUMPUR:'' Key Asian markets were mixed in the morning session on Thursday, July 22 as investors stayed on the sidelines on concerns about the US economy.
At Bursa Malaysia, some selling of Sime Darby, Tenaga and GENTING BHD [] weighed on the 30-stock FBM KLCI. Concerns about the outlook for the market also saw some investors taking profit on banking stocks.
At 12.30pm, the FBM KLCI fell 5.82 points, the most this week, to 1,335.2. Turnover was 459.74 million shares valued at RM455.60 million. There were 216 gainers, 375 losers and 236 stocks unchanged.
Light crude oil fell 14 sen to US$76.42 but crude palm oil futures rose RM28 to a near two-month high of RM2,485 per tonne.
Nikkei 225 -07% 9,213.87 Hang Seng Index -0.18% 20,449.94 Shanghai Composite Index +0.22% 2,541.07 Singapore Straits Times Index +0.58% 2,943.08
Sime Darby fell 14 sen to RM7.60, dragging the key index down by 2.04 points. Tenaga lost eight sen to RM8.57 and Genting six sen to RM7.59, pushing the index down by nearly 1.4 points. Tanjong gave up 10 sen to RM17.80 .
Among the banks, RHB Cap fell 10 sen to RM6.15 and HL Bank nine sen to RM8.64 while CIMB and AMMB gave up three sen each to RM7.20 and RM5.09 while Public bank shed two sen to RM12.12.
Among glove makers, Supermax was down 12 sen to RM6.23 and Top Glove six sen lower at RM6.74.
KPower was the top loser, down 20 sen to 45 sen with only2,700'' shares done while consumer stocks Dutch lady fell 18 sen to RM14.64 and MFlour 15 sen to RM4.30.
However, QSR'' jumped 28c to RM4.53 and the warrants QSR-WB added 15 sen to RM1.63 noon.
Nomura Research forecast 12% to 14% earnings growth over the next three years. The research house was upbeat on QSR, which is the most diversified KFC franchise owner in the region, with 830 KFC and Pizza Hut stores across Asean and India.
Mudajaya extended its gains, rising 29 sen to RM6. Market speculation of a potential change in a substantial shareholding of ha sent shares of the CONSTRUCTION []-cum-independent power (IPP) player surging on Wednesday where it recorded a 55 sen gain.
SEGI rose 22 sen to RM2.26, driven by the corporate development.
At Bursa Malaysia, some selling of Sime Darby, Tenaga and GENTING BHD [] weighed on the 30-stock FBM KLCI. Concerns about the outlook for the market also saw some investors taking profit on banking stocks.
At 12.30pm, the FBM KLCI fell 5.82 points, the most this week, to 1,335.2. Turnover was 459.74 million shares valued at RM455.60 million. There were 216 gainers, 375 losers and 236 stocks unchanged.
Light crude oil fell 14 sen to US$76.42 but crude palm oil futures rose RM28 to a near two-month high of RM2,485 per tonne.
Nikkei 225 -07% 9,213.87 Hang Seng Index -0.18% 20,449.94 Shanghai Composite Index +0.22% 2,541.07 Singapore Straits Times Index +0.58% 2,943.08
Sime Darby fell 14 sen to RM7.60, dragging the key index down by 2.04 points. Tenaga lost eight sen to RM8.57 and Genting six sen to RM7.59, pushing the index down by nearly 1.4 points. Tanjong gave up 10 sen to RM17.80 .
Among the banks, RHB Cap fell 10 sen to RM6.15 and HL Bank nine sen to RM8.64 while CIMB and AMMB gave up three sen each to RM7.20 and RM5.09 while Public bank shed two sen to RM12.12.
Among glove makers, Supermax was down 12 sen to RM6.23 and Top Glove six sen lower at RM6.74.
KPower was the top loser, down 20 sen to 45 sen with only2,700'' shares done while consumer stocks Dutch lady fell 18 sen to RM14.64 and MFlour 15 sen to RM4.30.
However, QSR'' jumped 28c to RM4.53 and the warrants QSR-WB added 15 sen to RM1.63 noon.
Nomura Research forecast 12% to 14% earnings growth over the next three years. The research house was upbeat on QSR, which is the most diversified KFC franchise owner in the region, with 830 KFC and Pizza Hut stores across Asean and India.
Mudajaya extended its gains, rising 29 sen to RM6. Market speculation of a potential change in a substantial shareholding of ha sent shares of the CONSTRUCTION []-cum-independent power (IPP) player surging on Wednesday where it recorded a 55 sen gain.
SEGI rose 22 sen to RM2.26, driven by the corporate development.
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