Wednesday, August 25, 2010

#Flash* KLCI slips below 1,400, Europe, Asian mkts in the red

KUALA LUMPUR: Most key Asian markets and European bourses were in the red in late afternoon on Wednesday, Aug 25 as investors turned cautious on growing worries about an economic slowdown.

At 3.06pm, the FBM KLCI was down 8.61 points to 1,397.16. Turnover was 1,397.16. Turnover was 531 million shares valued at RM969 million. There were 104 gainers, 638 losers and 205 stocks unchanged.

The FTSE 100 was down 1.5% to 5,155.95; the CAC 40 fell 1.74% to 3,491.11 and DAX 1.25% lower at 5,935.44.

Among Asian markets, Japan's Nikkei 225 fell 1.66% to 8,845.39; Hong Kong's Hang Seng Index lost 0.66 % to 20,523.53 while Shanghai's Composite Index shed 1.92% to 2,599.53. Singapore's Straits Times Index was also in the red, down 0.27% to 2,915.08.

At Bursa, KFCH fell 28 sen to RM10.42, F&N 24 sen to RM14.30, KLK 18 sen to RM16.74, RHB Cap 16 sen to RM6.57 and MISC 15 sen to RM8.75.

Glove makers also fell, with Hartalega down 25 sen to RM7.58, Latexx-WA 22 sen to RM2.59 and Supermax 18 sen down to RM5.05.

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