KUALA LUMPUR:'' Regional markets saw cautious trading on Tuesday, Aug 10, as annual house price inflation in China fell in July for the third month running under the impact of a government drive against property speculation.
Prices in 70 cities across China rose 10.3% in the year to July, down from 11.4% in the 12 months to June and a peak in April of 12.8%, the National Bureau of Statistics said on Tuesday, according to Reuters.
But prices on the month were unchanged in July, following a 0.1% drop in June, it said.
At the regional markets, Japan's Nikkei 225 rose 0.53% to 9,622.89, the South Korean Kospi fell 0.25% to 1,785.75, Taiwan's Taiex shed 0.24% to 8,019.50, the Shanghai Composite Index slipped 0.04% to 2,671.38, Singapore's Straits Times Index down 0.03% to 2,994.13 while Hong Kong's Hang Seng Index opened 0.2% lower at 21,753.94.
At Bursa Malaysia, the FBM KLCI rose 1.03 points to 1,361.69 at 10am. Gainers led losers by 175 to 147, while 204 counters traded unchanged. Volume was 121.48 million shares valued at RM121.27 million.
Among the major gainers at mid-morning, Nestle rose 40 sen to RM39.20, Notion Vtec's warrants gained 30.5 sen to 31 sen, Petronas Dagangan up 22 sen to RM10.50, BAT rose 18 sen to RM44.18 while Petronas Gas gained 16 sen to RM10.26.
Other gainers included Mudajaya, LTKM, Far East and BHIC.
Glove makers continued to slide on Tuesday after HwangDBS Vickers Research in a note on Monday said demand could be normalising to lower levels as the flu outbreak is under control and customers are reducing inventory holding periods to one to two months.
At mid-morning, Supermax fell 12 sen to RM5.88, Hartalega down 11 sen to RM7.87, Kossan lost seven sen to RM3.60 while Latexx and Top Glove shed six sen each to RM3.46 and RM6.07.
Other decliners included EPIC, JT International, IJM Corp, TH PLANTATION [] and Perduren. Timecom was the most actively traded counter with 8.1 million shares done. The stock gained two sen to 66.5 sen.
Other actives included IFCA MSC, Lion Corp, Lion Diversified, Sinotop and Mudajaya.
Prices in 70 cities across China rose 10.3% in the year to July, down from 11.4% in the 12 months to June and a peak in April of 12.8%, the National Bureau of Statistics said on Tuesday, according to Reuters.
But prices on the month were unchanged in July, following a 0.1% drop in June, it said.
At the regional markets, Japan's Nikkei 225 rose 0.53% to 9,622.89, the South Korean Kospi fell 0.25% to 1,785.75, Taiwan's Taiex shed 0.24% to 8,019.50, the Shanghai Composite Index slipped 0.04% to 2,671.38, Singapore's Straits Times Index down 0.03% to 2,994.13 while Hong Kong's Hang Seng Index opened 0.2% lower at 21,753.94.
At Bursa Malaysia, the FBM KLCI rose 1.03 points to 1,361.69 at 10am. Gainers led losers by 175 to 147, while 204 counters traded unchanged. Volume was 121.48 million shares valued at RM121.27 million.
Among the major gainers at mid-morning, Nestle rose 40 sen to RM39.20, Notion Vtec's warrants gained 30.5 sen to 31 sen, Petronas Dagangan up 22 sen to RM10.50, BAT rose 18 sen to RM44.18 while Petronas Gas gained 16 sen to RM10.26.
Other gainers included Mudajaya, LTKM, Far East and BHIC.
Glove makers continued to slide on Tuesday after HwangDBS Vickers Research in a note on Monday said demand could be normalising to lower levels as the flu outbreak is under control and customers are reducing inventory holding periods to one to two months.
At mid-morning, Supermax fell 12 sen to RM5.88, Hartalega down 11 sen to RM7.87, Kossan lost seven sen to RM3.60 while Latexx and Top Glove shed six sen each to RM3.46 and RM6.07.
Other decliners included EPIC, JT International, IJM Corp, TH PLANTATION [] and Perduren. Timecom was the most actively traded counter with 8.1 million shares done. The stock gained two sen to 66.5 sen.
Other actives included IFCA MSC, Lion Corp, Lion Diversified, Sinotop and Mudajaya.
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