Thursday, November 18, 2010

#Flash* KLCI skids nearly 15 points in early trade

KUALA LUMPUR: Selling of key index-linked stocks pushed the FBM KLCI down nearly 15 points in early trade on Thursday, 18.

The KLCI was down 14.70 points to 1,488.84. Turnover was 86.53 million shares done valued at RM102.89 million. There were 108 gainers, 198 losers and 151 stocks unchanged.

The selling pressure followed Wednesday's fall in key regional markets on fears of further tightening by China and Ireland's financial woes.

At Bursa, PPB, whose earnings are expected to be affected by the lacklustre performance of Wilmar International, fell the most, down 90 sen to RM18.64.

Kulim shed 22 sen to RM13.66, Genting 18 sen to RM10.28 while Tenaga gave up 16 sen to RM8.61. Bandar Raya lost 10 sen to RM2.37 and KFCH 10 sen to RM3.91.


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