KUALA LUMPUR: The FBM KLCI slipped into negative territory but managed to stay above the psychologically crucial 1,500-point level at the close on Friday, Dec 3 as local stocks succumbed to some mild profit taking.
The gains at most key regional markets were limited as the Hong Kong and Shanghai markets fell into negative territory.
The Shanghai Composite Index slipped into the red on reports citing an academic advisor to the central bank as saying that China would gradually shift to a tighter monetary policy next year, and that it needed to slow money-supply growth.
Also, the HSCC purchasing managers' index for the China services sector fell to a 23-month low of 53.1 in November from 56.4 in October.
Also, data released by the US Labor Department showed that in the week ending Nov 27, initial jobless claims increased by 26,000 to 436,000 from 410,000 in the prior week.
The FBM KLCI closed 0.15% or 2.24 points lower at 1,500.98. Losers led gainers by 450 to 282, while 291 counters traded unchanged. Volume was 966.19 million shares valued at RM1.64 billion.
At the regional markets, Hong Kong's Hang Seng Index fell 0.55% to 23,320.52, the Shanghai Composite Index was down 0.04% to 2,842.43 and the Singapore Straits Times shed 0.8% to 3,172.44.
Japan's Nikkei 225 was up 0.10% to 10,178.32, Taiwan's Taiex rose 0.45% to 8,624.01 and South Korea's Kospi added 0.36% to 1,957.26.
The top loser was Far East Corp that fell 20 sen to RM6.90; Lafarge Malayan Cement fell 18 sen to RM7.42, Fima Corp lost 17 sen to RM5.38, Top Glove, Gamuda and IJM lost 15 sen each to RM5.60, RM3.75 and RM5.98 respectively, Milux and Hong Leong Financial Group down 14 sen each to RM1.35 and RM9, EON Capital fell 12 sen to RM6.94 and Sungei Bagan down 11 sen to RM3.13.
Gainers included BAT, Nestle, KLK, Tasek, GAB, Tradewinds, Batu Kawan, Genting amd RHB Capital.
The actives included Scomi, Sinotop, Key West, Petronas Chemicals, Karambunai, DRB-Hicom, Axiata and K-Star Sports.
The gains at most key regional markets were limited as the Hong Kong and Shanghai markets fell into negative territory.
The Shanghai Composite Index slipped into the red on reports citing an academic advisor to the central bank as saying that China would gradually shift to a tighter monetary policy next year, and that it needed to slow money-supply growth.
Also, the HSCC purchasing managers' index for the China services sector fell to a 23-month low of 53.1 in November from 56.4 in October.
Also, data released by the US Labor Department showed that in the week ending Nov 27, initial jobless claims increased by 26,000 to 436,000 from 410,000 in the prior week.
The FBM KLCI closed 0.15% or 2.24 points lower at 1,500.98. Losers led gainers by 450 to 282, while 291 counters traded unchanged. Volume was 966.19 million shares valued at RM1.64 billion.
At the regional markets, Hong Kong's Hang Seng Index fell 0.55% to 23,320.52, the Shanghai Composite Index was down 0.04% to 2,842.43 and the Singapore Straits Times shed 0.8% to 3,172.44.
Japan's Nikkei 225 was up 0.10% to 10,178.32, Taiwan's Taiex rose 0.45% to 8,624.01 and South Korea's Kospi added 0.36% to 1,957.26.
The top loser was Far East Corp that fell 20 sen to RM6.90; Lafarge Malayan Cement fell 18 sen to RM7.42, Fima Corp lost 17 sen to RM5.38, Top Glove, Gamuda and IJM lost 15 sen each to RM5.60, RM3.75 and RM5.98 respectively, Milux and Hong Leong Financial Group down 14 sen each to RM1.35 and RM9, EON Capital fell 12 sen to RM6.94 and Sungei Bagan down 11 sen to RM3.13.
Gainers included BAT, Nestle, KLK, Tasek, GAB, Tradewinds, Batu Kawan, Genting amd RHB Capital.
The actives included Scomi, Sinotop, Key West, Petronas Chemicals, Karambunai, DRB-Hicom, Axiata and K-Star Sports.
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