KUALA LUMPUR: Key Asian markets were mixed at midday on Friday, Nov 26 while the FBM KLCI was in the red on renewed worried about China's efforts to rein in inflation and the debt crisis in Europe.
At Bursa Malaysia, Petronas Chemicals was unable to hold on to the massive gains earlier as retail investors took profit. The institutional price was RM5.20 and for retail investors RM5.04.
At midday, PetronasChem was up 27 sen to RM5.47 with 470 million shares done, which accounted for about half of the total trading volume on Bursa.
The FBM KLCI fell 1.53 points to 1,494.96. Turnover was 916.67 million shares valued at RM3.16 billion. The trading value was the largest in many months, mainly due to PetronasChem.
China markets were mixed after China's finance ministry failed to draw enough demand at a bill sale for the first time in June, according to wire reports. It targeted to sell 20 billion yuam but could only sell 11.55 billion yuan due to a shortage of cash at banks after the government raised the reserve requirements.
The Hang Seng Index fell 0.08%to 23,036.18, Shanghai Composite Index lost 0.17% to 2,893.24 . The Nikkei 225 fell 0.1% to 10,069.83, Korea's Kospi shed 0.69% to 1,914.41 and Singapore's Straits Times Index inched up 0.04% to 3,160.46.
At Bursa, AirAsia rose 12 sen to RM2.67 in active trade on expectations of better fourth quarter results.
BAT fell the most, down 50 sen to RM44.40, DiGi 30s en to RM24.40, Genting PLANTATION []s 11 sen to RM8.66 and Sunway City 10 sen to RM4.50.
QSR rallied 55 sen to RM6.16, QSR-WB 32 sen higher to RM3.20 and Kulim 40 sen to RM12.40.
At Bursa Malaysia, Petronas Chemicals was unable to hold on to the massive gains earlier as retail investors took profit. The institutional price was RM5.20 and for retail investors RM5.04.
At midday, PetronasChem was up 27 sen to RM5.47 with 470 million shares done, which accounted for about half of the total trading volume on Bursa.
The FBM KLCI fell 1.53 points to 1,494.96. Turnover was 916.67 million shares valued at RM3.16 billion. The trading value was the largest in many months, mainly due to PetronasChem.
China markets were mixed after China's finance ministry failed to draw enough demand at a bill sale for the first time in June, according to wire reports. It targeted to sell 20 billion yuam but could only sell 11.55 billion yuan due to a shortage of cash at banks after the government raised the reserve requirements.
The Hang Seng Index fell 0.08%to 23,036.18, Shanghai Composite Index lost 0.17% to 2,893.24 . The Nikkei 225 fell 0.1% to 10,069.83, Korea's Kospi shed 0.69% to 1,914.41 and Singapore's Straits Times Index inched up 0.04% to 3,160.46.
At Bursa, AirAsia rose 12 sen to RM2.67 in active trade on expectations of better fourth quarter results.
BAT fell the most, down 50 sen to RM44.40, DiGi 30s en to RM24.40, Genting PLANTATION []s 11 sen to RM8.66 and Sunway City 10 sen to RM4.50.
QSR rallied 55 sen to RM6.16, QSR-WB 32 sen higher to RM3.20 and Kulim 40 sen to RM12.40.
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