KUALA LUMPUR: Key index-linked stocks fell on Monday, Oct 18, in line with the weaker regional markets including Hong Kong and China as investors turn cautious ahead of the US earnings season, with the regional indices down as much as 1.7%.
At Bursa, the 30-stock FBM KLCI closed 9.16 points to 1,480.7 after failing to stay above the key 1,500 level last week and concerns about slower economic growth, though still seen as substainable.
Turnover was 1.33 billion shares valued at RM1.61 billion. Losers beat gainers 468 to 299 while 298 stocks were unchanged.
Reuters reported Hong Kong and China stocks fell on Monday in a pullback following recent gains, with Shanghai paring gains after failing to hold above a key psychological level in its highest volume in at least 10 years.
China's key stock index, the Shanghai Composite Index, finished down 0.54% at 2,955.2 after it briefly traded above 3,000, buoyed partly by property and steel stocks and on the prospect of more liquidity globally and in the domestic market.
Taiwan's Taiex Index fell the most, down 1.76% to 8,060.54; South Korea's Kospi 1.41% to 1,875.42; Hong Kong's Hang Seng Index lost 1.21% to 23,469.38; Singapore's Straits Times Index 0.72% lower at 3,181.27.
Reuters reported Monday's market moves were probably motivated in part by a desire among investors to take some profits from recent rallies and to adjust positions to reflect slightly more caution, particular ahead of the U.S. earnings season.
The U.S. earnings reporting period picks up steam this week, with 109 S&P 500 companies and 11 Dow components due to report. Among them will be Goldman Sachs, Bank of America, Citigroup and Morgan Stanley.
At Bursa Malaysia, Tenaga fell 11 sen to RM8.82, dragging the index down by 1.15 point while Axiata's decline of five sen to RM4.48, pushed the index down by 1.02 points.
Panasonic Malaysia was the top loser, down 50 sen to RM18.30, Bursa 25 sen to RM8.35, F&N 20 sen to RM14.40, YTL E 18 sen to RM1.30 and SP Setia 15 sen to RM4.73.
PLUS lost 12 sen to RM4.34 as investors viewed limited upside for the UEM Group Bhd and the Employees Provident Fund (EPF) offer of RM4.60 per share as the takeover process could be lengthy.
Batu Kawan was the top gainer, up 84 sen to RM15.58, BLD PLANTATION []s 24 sen to RM4.90, United Plantations 18 sen to RM16.18.
At Bursa, the 30-stock FBM KLCI closed 9.16 points to 1,480.7 after failing to stay above the key 1,500 level last week and concerns about slower economic growth, though still seen as substainable.
Turnover was 1.33 billion shares valued at RM1.61 billion. Losers beat gainers 468 to 299 while 298 stocks were unchanged.
Reuters reported Hong Kong and China stocks fell on Monday in a pullback following recent gains, with Shanghai paring gains after failing to hold above a key psychological level in its highest volume in at least 10 years.
China's key stock index, the Shanghai Composite Index, finished down 0.54% at 2,955.2 after it briefly traded above 3,000, buoyed partly by property and steel stocks and on the prospect of more liquidity globally and in the domestic market.
Taiwan's Taiex Index fell the most, down 1.76% to 8,060.54; South Korea's Kospi 1.41% to 1,875.42; Hong Kong's Hang Seng Index lost 1.21% to 23,469.38; Singapore's Straits Times Index 0.72% lower at 3,181.27.
Reuters reported Monday's market moves were probably motivated in part by a desire among investors to take some profits from recent rallies and to adjust positions to reflect slightly more caution, particular ahead of the U.S. earnings season.
The U.S. earnings reporting period picks up steam this week, with 109 S&P 500 companies and 11 Dow components due to report. Among them will be Goldman Sachs, Bank of America, Citigroup and Morgan Stanley.
At Bursa Malaysia, Tenaga fell 11 sen to RM8.82, dragging the index down by 1.15 point while Axiata's decline of five sen to RM4.48, pushed the index down by 1.02 points.
Panasonic Malaysia was the top loser, down 50 sen to RM18.30, Bursa 25 sen to RM8.35, F&N 20 sen to RM14.40, YTL E 18 sen to RM1.30 and SP Setia 15 sen to RM4.73.
PLUS lost 12 sen to RM4.34 as investors viewed limited upside for the UEM Group Bhd and the Employees Provident Fund (EPF) offer of RM4.60 per share as the takeover process could be lengthy.
Batu Kawan was the top gainer, up 84 sen to RM15.58, BLD PLANTATION []s 24 sen to RM4.90, United Plantations 18 sen to RM16.18.
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