KUALA LUMPUR: The civil unrest in Egypt sent investors scurrying for safer investments on Monday, Jan 31 as they reduced their shareholdings in riskier equities and also capping a volatile month for most Asian markets.
The FBM KLCI clawed back to pare down its losses to just under two points on Monday, Jan 31 after tumbling as much 15 points earlier in the day to 1,505.85.
The 30-stock index shed 1.95 points to close at 1,519.94, with losses including Genting, CIMB and Tenaga. Losers led gainers by 428 to 300 while 280 counters traded unchanged. Volume was 1.42 billion shares valued at RM2.08 billion.
The civil unrest in Egypt has had a telling effect on global markets, with European markets opening in the red today.
Japan's Nikkei 225 fell 1.18% to 10,237.92, South Korea's Kospi slumped 1.81% to 2,069.73, Singapore's Straits Times Index lost 1.53% to 3,180.32, Hong Kong's Hang Seng Index down 0.72% to 23,447.34 while the Shanghai Composite Index advanced 1.38% to 2,790.69.
At Bursa MalayOn Bursa Malaysia, among the major losers, Genting fell 18 sen to RM10.66, CIMB down seven sento RM8.38, Tenaga fell eight sen to RM6.51 and BAT fell 84 sen to RM47.18.
Nestle fell 90 sen to RM44.70, Proton 28 sen to RM4.22, Batu Kawan 24 sen to RM16.40, Tradewinds 18 sen to RM6.28, Dutch Lady and Dayang down 14 sen each to RM16.52 and RM2.81, while Carlsberg and KNM lost 13 sen each to RM6.22 and RM2.81.
MTD Capital jumped 67 sen to RM10.22 after those who had accepted the takeover offer from Nikvest Sdn Bhd and three other joint offerors have been given the option to withdraw their acceptances following the latest corporate development. The shares climbed on expectations of a revised offer.
DiGi was up 30 sen to RM25.60, Ekovest 28 sen to RM3.68, Far East and CBIP added 20 sen each to RM7.60 and RM4.23, LPI 16 sen to RM13.26.
Guan Chong rose 12 sen to RM2.93 after the confectionery manufacturer posted a set of stellar results in the fourth quarter ended Dec 31, 2010.
Ho Wah Genting was the most actively traded counter with 78.9 million shares done. The stock added 8.5 sen to 72.5 sen. Other actives included Karambunai, Olympia, SAAG, Hexagon, Ramunia and Tanco.
Century Software, which made its Main Market debut, closed three sen higher at 96 sen with 20.2 million shares traded.
The FBM KLCI clawed back to pare down its losses to just under two points on Monday, Jan 31 after tumbling as much 15 points earlier in the day to 1,505.85.
The 30-stock index shed 1.95 points to close at 1,519.94, with losses including Genting, CIMB and Tenaga. Losers led gainers by 428 to 300 while 280 counters traded unchanged. Volume was 1.42 billion shares valued at RM2.08 billion.
The civil unrest in Egypt has had a telling effect on global markets, with European markets opening in the red today.
Japan's Nikkei 225 fell 1.18% to 10,237.92, South Korea's Kospi slumped 1.81% to 2,069.73, Singapore's Straits Times Index lost 1.53% to 3,180.32, Hong Kong's Hang Seng Index down 0.72% to 23,447.34 while the Shanghai Composite Index advanced 1.38% to 2,790.69.
At Bursa MalayOn Bursa Malaysia, among the major losers, Genting fell 18 sen to RM10.66, CIMB down seven sento RM8.38, Tenaga fell eight sen to RM6.51 and BAT fell 84 sen to RM47.18.
Nestle fell 90 sen to RM44.70, Proton 28 sen to RM4.22, Batu Kawan 24 sen to RM16.40, Tradewinds 18 sen to RM6.28, Dutch Lady and Dayang down 14 sen each to RM16.52 and RM2.81, while Carlsberg and KNM lost 13 sen each to RM6.22 and RM2.81.
MTD Capital jumped 67 sen to RM10.22 after those who had accepted the takeover offer from Nikvest Sdn Bhd and three other joint offerors have been given the option to withdraw their acceptances following the latest corporate development. The shares climbed on expectations of a revised offer.
DiGi was up 30 sen to RM25.60, Ekovest 28 sen to RM3.68, Far East and CBIP added 20 sen each to RM7.60 and RM4.23, LPI 16 sen to RM13.26.
Guan Chong rose 12 sen to RM2.93 after the confectionery manufacturer posted a set of stellar results in the fourth quarter ended Dec 31, 2010.
Ho Wah Genting was the most actively traded counter with 78.9 million shares done. The stock added 8.5 sen to 72.5 sen. Other actives included Karambunai, Olympia, SAAG, Hexagon, Ramunia and Tanco.
Century Software, which made its Main Market debut, closed three sen higher at 96 sen with 20.2 million shares traded.
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