KUALA LUMPUR: The FBM KLCI pared down its losses to close 1.87 points lower at 1,486.78 on Wednesday, Oct 20 in line with the decline in volatile key regional markets after the initial shock of China raising its interest rates for the first time in three years wore off.
Global markets were rattled after China's central bank decided late yesterday on a 25-basis-point hike in one-year deposit and lending rates, a move that was seen as possibly marking the beginning of a more aggressive phase of monetary tightening.
The 30-stock FBM KLCI had earlier in the day fallen by more than 12 points before clawing back and narrowing some of its losses.
Losers edged gainers by 408 to 385, while 293 counters traded unchanged. Volume was 1.49 billion shares valued at RM1.8 billion.
Among the major losers today were Batu Kawan that lost 44 sen to RM15.50, BAT down 40 sen to RM48, Lysaght fell 17 sen to RM1.62, Panasonic down 16 sen to RM18.34, Bursa lost 15 sen to RM8.20, Padini and CBIP lost 14 sen each to RM4.80 and RM3.45, Lafarge Malayan Cement down 11 sen to RM7.89 while Glenealy fell 10 sen to RM5.20.
Glove makers advanced in the afternoon session after CIMB Research maintained its overweight call on the sector. Latexx rose 29 sen to RM3.15, Kossan added 20 sen to RM3.40 and Adventa gained 14 sen to RM2.55.
Press Metal was up 21 sen to RM1.67, while DiGi and Genting rose 14 sen each to RM24.60 and RM10.52.
Karambunai was the most actively traded counter with 162.5 million shares done. The stock declined 1.5 sen to 23.5 sen. Other actives included Timecom, Keladi, Sinotop, Hubline and Scomi.
Global markets were rattled after China's central bank decided late yesterday on a 25-basis-point hike in one-year deposit and lending rates, a move that was seen as possibly marking the beginning of a more aggressive phase of monetary tightening.
The 30-stock FBM KLCI had earlier in the day fallen by more than 12 points before clawing back and narrowing some of its losses.
Losers edged gainers by 408 to 385, while 293 counters traded unchanged. Volume was 1.49 billion shares valued at RM1.8 billion.
Among the major losers today were Batu Kawan that lost 44 sen to RM15.50, BAT down 40 sen to RM48, Lysaght fell 17 sen to RM1.62, Panasonic down 16 sen to RM18.34, Bursa lost 15 sen to RM8.20, Padini and CBIP lost 14 sen each to RM4.80 and RM3.45, Lafarge Malayan Cement down 11 sen to RM7.89 while Glenealy fell 10 sen to RM5.20.
Glove makers advanced in the afternoon session after CIMB Research maintained its overweight call on the sector. Latexx rose 29 sen to RM3.15, Kossan added 20 sen to RM3.40 and Adventa gained 14 sen to RM2.55.
Press Metal was up 21 sen to RM1.67, while DiGi and Genting rose 14 sen each to RM24.60 and RM10.52.
Karambunai was the most actively traded counter with 162.5 million shares done. The stock declined 1.5 sen to 23.5 sen. Other actives included Timecom, Keladi, Sinotop, Hubline and Scomi.
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