KUALA LUMPUR: The local stock market staged a mild pullback in the morning session on Wednesday, Sept 15 after two days of hefty gains logged by the FBM KLCI while the ringgit weakened against the US dollar.
At 12.30pm, the FBM KLCI was down 3.72 points to 1,470.72. Turnover was 371.13 million shares valued at RM614.18 million. There were 213 gainers, 399 losers and 292 stocks unchanged. At 1,470, the KLCI is trading at a price-to-earnings of 15.83 times.
Banks gave up some gains, with Maybank, CIMB and AMMB dragging the FBKLCI down a combined 2.137 points.
The ringgit was trading at 3.1175 to the US dollar after hitting an intra-morning high of 3.1005. The previous close was 3.1065. The ringgit weakened on market expectations of intervention after Japan stepped in for the first time in six year to cap the yen. Reuters reported Japan bought dollars around 83 yen. The US dollar spiked more than 2% from a 15-year low.
Light crude oil was trading 53 cents lower at US$76.27. Crude palm oil futures was nearly unchanged at RM2,627 per tonne,
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Nikkei 225 +2.62%
9,542.78 Hang Seng Index +0.05% 21,706.14 Shanghai Composite Index -0.57% 2,673.08 Singapore Straits Times Index +0.48% 3,063.27 ''
At Bursa Malaysia, the Maybank fell five sen to RM8.71 and CIMB four sen to RM8.14 while AMMB shed eight sen to RM5.90.
Sime Darby lost four sen to RM8.29 and IOI Corp three sen to RM5.71. Genting lost five sen to RM9.94 on some profit taking after the price surge on Tuesday.
Jerneh was the top loser, down 18 sen to RM3.10 and Jerneh-WA 11 sen lower at RM1.65 as investors sold them after the announcement about the Jerneh Insurance sale.
KFCH fell 12 sen to RM3.18, PPB 10 sen to RM17.78.
Genting Singapore-C8 call warrants were the most active, adding 5.5 sen to 20.5 sen with 31.2 million units done.
Public Bank was the top gainer, adding 14 sen to RM12.76. MAHB rose nine sen to RM5.64.
At 12.30pm, the FBM KLCI was down 3.72 points to 1,470.72. Turnover was 371.13 million shares valued at RM614.18 million. There were 213 gainers, 399 losers and 292 stocks unchanged. At 1,470, the KLCI is trading at a price-to-earnings of 15.83 times.
Banks gave up some gains, with Maybank, CIMB and AMMB dragging the FBKLCI down a combined 2.137 points.
The ringgit was trading at 3.1175 to the US dollar after hitting an intra-morning high of 3.1005. The previous close was 3.1065. The ringgit weakened on market expectations of intervention after Japan stepped in for the first time in six year to cap the yen. Reuters reported Japan bought dollars around 83 yen. The US dollar spiked more than 2% from a 15-year low.
Light crude oil was trading 53 cents lower at US$76.27. Crude palm oil futures was nearly unchanged at RM2,627 per tonne,
''
''
Nikkei 225 +2.62%
9,542.78 Hang Seng Index +0.05% 21,706.14 Shanghai Composite Index -0.57% 2,673.08 Singapore Straits Times Index +0.48% 3,063.27 ''
At Bursa Malaysia, the Maybank fell five sen to RM8.71 and CIMB four sen to RM8.14 while AMMB shed eight sen to RM5.90.
Sime Darby lost four sen to RM8.29 and IOI Corp three sen to RM5.71. Genting lost five sen to RM9.94 on some profit taking after the price surge on Tuesday.
Jerneh was the top loser, down 18 sen to RM3.10 and Jerneh-WA 11 sen lower at RM1.65 as investors sold them after the announcement about the Jerneh Insurance sale.
KFCH fell 12 sen to RM3.18, PPB 10 sen to RM17.78.
Genting Singapore-C8 call warrants were the most active, adding 5.5 sen to 20.5 sen with 31.2 million units done.
Public Bank was the top gainer, adding 14 sen to RM12.76. MAHB rose nine sen to RM5.64.
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