KUALA LUMPUR: Stocks on Burs Malaysia were broadly lower at midday on Monday, Nov 29, with declining stocks beating advancers more than three to one, reflecting the cautious sentiment of investors following the latest developments in Europe.
While the FBM KLCI managed to reduce its losses at the mid-day break in line with most regional markets but the benchmark remained in the red, with Genting, DiGi, Maybank and Genting Malaysia recording declinnes.
At 12.30pm, the FBM KLCI was down 0.34% or 5.14 points to 1,486.91. It had earlier fallen as much as 18.03 points to 1,474.02 in early trade. Losers beat gainers 521 to 145 while 220 counters traded unchanged. Volume was 503.53 million shares valued at RM957.08 million.
Global markets, while appeared to be digesting the '85 billion rescue plan for Ireland, are still somewhat wary as evident from investors' selldown in most of the key bourses.
Reuters had reported the 16-nation euro zone approved the package, which included an immediate 10 billion euro recapitalisation for Ireland's debt-stricken banks, fearing contagion would strike pain and Portugal.
Nikkei 225 +0.83% 10,123.12 Taiwan's Taiex +0.78% 8,377.24 Hang Seng Index +0.19% 22,920.15 Shanghai Composite Index -0.58% 2,854.97 Straits Times Index -0.13% 3,153.82 Kospi -0.06% 1,900.71 ''
At the regional markets, Japan's Nikkei 225 was +0.83% to 10,123.12, Taiwan's Taiex +0.78% to 8,377.24, Hong Kong's Hang Seng Index rose +0.19% to 22,920.15 while the Shanghai Composite Index fell -0.58% to 2,854.97, Singapore's Straits Times Index lost -0.13% to 3,153.82 and South Korea's Kospi shed -0.06% to 1,900.71.
The ringgit weakened 0.11% to 3.1530 versus the dollar; crude palm oil futures for the third month delivery rose RM64 per tonne to RM3,338, crude oil added 56 cents per barrel to US$84.32 while gold fell US$1.98 an ounce to US$1,361.77.
BAT was the top loser this morning and fell 68 sen to RM44.12; Kulim lost 32 sen to RM12.08, Manulife fell 22 sen to RM2.90, United PLANTATION []s, Genting and DiGi fell 20 sen each to RM17, RM10.80 and RM24.48 respectively.
PPB was down 18 sen to RM18.18, Bursa 16 sen to RM7.94 while Maybank and Genting Malaysia lost five sen each to RM8.65 and RM3.22.
Gainers included Chin Teck Plantations, Widetech, Nestle, Bina Puri and AMMB.
Petronas Chemicals was the most active with 74 million shares done. The stock gained four sen to RM5.35.
Other actives included Scomi, Pentamaster, Karambunai, KNM Group and Compugates.
While the FBM KLCI managed to reduce its losses at the mid-day break in line with most regional markets but the benchmark remained in the red, with Genting, DiGi, Maybank and Genting Malaysia recording declinnes.
At 12.30pm, the FBM KLCI was down 0.34% or 5.14 points to 1,486.91. It had earlier fallen as much as 18.03 points to 1,474.02 in early trade. Losers beat gainers 521 to 145 while 220 counters traded unchanged. Volume was 503.53 million shares valued at RM957.08 million.
Global markets, while appeared to be digesting the '85 billion rescue plan for Ireland, are still somewhat wary as evident from investors' selldown in most of the key bourses.
Reuters had reported the 16-nation euro zone approved the package, which included an immediate 10 billion euro recapitalisation for Ireland's debt-stricken banks, fearing contagion would strike pain and Portugal.
Nikkei 225 +0.83% 10,123.12 Taiwan's Taiex +0.78% 8,377.24 Hang Seng Index +0.19% 22,920.15 Shanghai Composite Index -0.58% 2,854.97 Straits Times Index -0.13% 3,153.82 Kospi -0.06% 1,900.71 ''
At the regional markets, Japan's Nikkei 225 was +0.83% to 10,123.12, Taiwan's Taiex +0.78% to 8,377.24, Hong Kong's Hang Seng Index rose +0.19% to 22,920.15 while the Shanghai Composite Index fell -0.58% to 2,854.97, Singapore's Straits Times Index lost -0.13% to 3,153.82 and South Korea's Kospi shed -0.06% to 1,900.71.
The ringgit weakened 0.11% to 3.1530 versus the dollar; crude palm oil futures for the third month delivery rose RM64 per tonne to RM3,338, crude oil added 56 cents per barrel to US$84.32 while gold fell US$1.98 an ounce to US$1,361.77.
BAT was the top loser this morning and fell 68 sen to RM44.12; Kulim lost 32 sen to RM12.08, Manulife fell 22 sen to RM2.90, United PLANTATION []s, Genting and DiGi fell 20 sen each to RM17, RM10.80 and RM24.48 respectively.
PPB was down 18 sen to RM18.18, Bursa 16 sen to RM7.94 while Maybank and Genting Malaysia lost five sen each to RM8.65 and RM3.22.
Gainers included Chin Teck Plantations, Widetech, Nestle, Bina Puri and AMMB.
Petronas Chemicals was the most active with 74 million shares done. The stock gained four sen to RM5.35.
Other actives included Scomi, Pentamaster, Karambunai, KNM Group and Compugates.
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