KUALA LUMPUR: Blue chips slipped into the red at midday on Monday, Nov 22, ahead of the third quarter GDP data out after market close with economists expecting slower growth.
However, Prime Minister Datuk Seri Najib Razak said at the Global Business Leaders Forum 2010 here that Malaysia's economy can grow beyond 6% this year despite the challenging external environment.
'We started with 6%, so we will go beyond 6%. In fact, most analysts have predicted 7% or slightly beyond 7% this year," he said.
On Bursa Malaysia, the FBM KLCI shed 0.06% or 0.95 points to 1,505.10 at 12.30pm.'' There were 303 gainers and losers each, while 292 counters traded unchanged. Volume was 455.15 million shares valued at RM454.29 million.
The ringgit strengthened 0.41% to 3.1056 versus the US dollar; gold jumped US$7.65 an ounce to US$1,360.57, crude oil rose 58 cents per barrel to US$82.56 while crude palm oil for the third month delivery fell RM71 per tonne to RM3,255.
Nikkei 225 +1.16% 10,138.86 Shanghai Composite Index +0.47% 2,902.26 Taiwan's Taiex +0.96% 8,385.61 South Korea's Kospi +0.23% 1,945.40 Hang Seng Index -0.33% 23,526.64 Singapore's Straits Times Index -0.12% 3,193.63 ''
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On Bursa Malaysia, DiGi was the top loser, down 46 sen to RM25.14 on concerns of more competition from YTL Communications' 4Q rollout.
Bintulu Port lost 23 sen to RM6.52, Lion Forest Industries down 16 sen to RM2.28, UAC lost 13 sen to RM3.47 and YTL-e lost 11 sen to RM1.51.
Guinness Anchor, PPB, APM automotive and Genting fell 10 sen each to RM9.10, RM18.98, RM5.20 and RM10.12 respectively, while Tenaga lost two sen to RM8.68.
Gainers ncluded Kluang, Sunway City, Sungei Bagan, Tradewinds PLANTATION []s, Kuchai, Riverview, Hap Seng, DFZ Capital and F&N.
HWGB was the most active with 25.6 million shares. The stock added 2.5 sen to 38.5 sen. Other actives included Karambunai, Time dotCom, Zelan, Jotech, Salcon and KNM.
However, Prime Minister Datuk Seri Najib Razak said at the Global Business Leaders Forum 2010 here that Malaysia's economy can grow beyond 6% this year despite the challenging external environment.
'We started with 6%, so we will go beyond 6%. In fact, most analysts have predicted 7% or slightly beyond 7% this year," he said.
On Bursa Malaysia, the FBM KLCI shed 0.06% or 0.95 points to 1,505.10 at 12.30pm.'' There were 303 gainers and losers each, while 292 counters traded unchanged. Volume was 455.15 million shares valued at RM454.29 million.
The ringgit strengthened 0.41% to 3.1056 versus the US dollar; gold jumped US$7.65 an ounce to US$1,360.57, crude oil rose 58 cents per barrel to US$82.56 while crude palm oil for the third month delivery fell RM71 per tonne to RM3,255.
Nikkei 225 +1.16% 10,138.86 Shanghai Composite Index +0.47% 2,902.26 Taiwan's Taiex +0.96% 8,385.61 South Korea's Kospi +0.23% 1,945.40 Hang Seng Index -0.33% 23,526.64 Singapore's Straits Times Index -0.12% 3,193.63 ''
''
On Bursa Malaysia, DiGi was the top loser, down 46 sen to RM25.14 on concerns of more competition from YTL Communications' 4Q rollout.
Bintulu Port lost 23 sen to RM6.52, Lion Forest Industries down 16 sen to RM2.28, UAC lost 13 sen to RM3.47 and YTL-e lost 11 sen to RM1.51.
Guinness Anchor, PPB, APM automotive and Genting fell 10 sen each to RM9.10, RM18.98, RM5.20 and RM10.12 respectively, while Tenaga lost two sen to RM8.68.
Gainers ncluded Kluang, Sunway City, Sungei Bagan, Tradewinds PLANTATION []s, Kuchai, Riverview, Hap Seng, DFZ Capital and F&N.
HWGB was the most active with 25.6 million shares. The stock added 2.5 sen to 38.5 sen. Other actives included Karambunai, Time dotCom, Zelan, Jotech, Salcon and KNM.
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