KUALA LUMPUR: Profit taking accelerated in late afternoon on Tuesday, Sept 28, with Tenaga Nasional weighing on the blue chips.
At 3.15pm, the FBM KLCI is down 6.65 points to 1,458.06. Turnover was 670.79 million shares valued at RM823.66 million. Losers beat gainers 473 to 186 while 293 stocks were unchanged.
Tenaga fell 16 sen to RM8.84 with 4.34 million shares done. Tan Chong, which had a strong run-up in recent weeks, fell the most, down 19 sen to RM5.76.
F&N lost 18 sen to RM14.52, Parkson shed 14 sen to RM5.72 and PacificMas 10 sen to RM4.50.
Meanwhile Reuters reports European shares extended losses in early trade on Tuesday, with worries persisting over the banking sector in peripheral euro zone countries and some nervousness ahead of the release of key economic data.
By 0738 GMT, the pan-European FTSEurofirst 300 index of top shares was down 1% at 1,062.58 points. Banks were among the heaviest fallers, with the STOXX Europe 600 banking index down 1.5 percent.
The premium investors demand to hold 10-year Irish government bonds rather than euro zone benchmark German Bunds hitting a euro lifetime high after Standard and Poor's said Ireland looks likely to pour 35 billion euros into Anglo Irish Bank and any amount beyond that could trigger rating downgrades.
At 3.15pm, the FBM KLCI is down 6.65 points to 1,458.06. Turnover was 670.79 million shares valued at RM823.66 million. Losers beat gainers 473 to 186 while 293 stocks were unchanged.
Tenaga fell 16 sen to RM8.84 with 4.34 million shares done. Tan Chong, which had a strong run-up in recent weeks, fell the most, down 19 sen to RM5.76.
F&N lost 18 sen to RM14.52, Parkson shed 14 sen to RM5.72 and PacificMas 10 sen to RM4.50.
Meanwhile Reuters reports European shares extended losses in early trade on Tuesday, with worries persisting over the banking sector in peripheral euro zone countries and some nervousness ahead of the release of key economic data.
By 0738 GMT, the pan-European FTSEurofirst 300 index of top shares was down 1% at 1,062.58 points. Banks were among the heaviest fallers, with the STOXX Europe 600 banking index down 1.5 percent.
The premium investors demand to hold 10-year Irish government bonds rather than euro zone benchmark German Bunds hitting a euro lifetime high after Standard and Poor's said Ireland looks likely to pour 35 billion euros into Anglo Irish Bank and any amount beyond that could trigger rating downgrades.
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