KUALA LUMPUR: Blue chips on Bursa Malaysia fell in late afternoon on Tuesday, Nov 16 as sentiment was affected by the fall in the China markets, down as much as 3.8% on worries of further policy tightening
At 2.49pm, the KLCI was down 8.57 points to 1,492.99. Turnover was 704.43 million shares done valued at RM833.10 million. Losers beat gainers 515 to 178.
At Bursa Malaysia, BAT fell the most, down 60 sen to RM46, Kulim 28 sen to RM13.66, Sunrise 19 sen to RM2.86, HL Bank 16 sen to RM9.49 while Bursa gave up 15 sen to RM8.25 and Genting 14 sen to RM10.32.
Among key China indices, the Shanghai Composite Index fell 3% to 2,924.01; China's Securities Index 300 lost 3.38% to 3,202.96 and Shenzen Composite Index 2.34% lower at 1,296.85.
Reuters reported large cap bank and energy shares fell as renewed talk of further policy tightening spooked retail investors already on edge after a large fall in the past few days.
Traders said a slump in commodity futures and worries about a government clampdown on escalating food prices triggered a large sell-off. The slump came after the index dropped 5.2 percent on Friday, its biggest single-day fall in 14 months, sparked by talk of an official interest rate hike.
At 2.49pm, the KLCI was down 8.57 points to 1,492.99. Turnover was 704.43 million shares done valued at RM833.10 million. Losers beat gainers 515 to 178.
At Bursa Malaysia, BAT fell the most, down 60 sen to RM46, Kulim 28 sen to RM13.66, Sunrise 19 sen to RM2.86, HL Bank 16 sen to RM9.49 while Bursa gave up 15 sen to RM8.25 and Genting 14 sen to RM10.32.
Among key China indices, the Shanghai Composite Index fell 3% to 2,924.01; China's Securities Index 300 lost 3.38% to 3,202.96 and Shenzen Composite Index 2.34% lower at 1,296.85.
Reuters reported large cap bank and energy shares fell as renewed talk of further policy tightening spooked retail investors already on edge after a large fall in the past few days.
Traders said a slump in commodity futures and worries about a government clampdown on escalating food prices triggered a large sell-off. The slump came after the index dropped 5.2 percent on Friday, its biggest single-day fall in 14 months, sparked by talk of an official interest rate hike.
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