KUALA LUMPUR:'' With the FBM KLCI sliding for the sixth consecutive day on Wednesday, Jan 26 on some foreign selling of stocks with high foreign shareholdings, the 30-stock index has almost given up all its gains year-to-date.
The FBM KLCI remained in negative territory at the mid-day break, falling 0.48% or 7.32 points to 1,519.11 due to selling of PLANTATION []s and making the benchmark index among the worst performers among key regional markets.
The FBM KLCI had earlier fallen to an intra-morning low of 1,505.36 and year-to-date, the 30-stock index's gains are up just 0.01%.'' Losers led gainers by 467 to 193, while 262 counters traded unchanged. Volume was 746.21 million shares valued at RM1.13 billion.
Bank Negara is due to announce its monetary policy decision after market close on Wednesay.
The ringgit weakened 0.03% to 3.0535 versus the US dollar; crude palm oil fell RM55 per tonne to RM3,648, crude oil rose 38 cents per barrel to US$86.57 while gold added US$2.25 per troy ounce to US$1,334.57.
However, key regional markets advanced ahead of the US FOMC meeting and economic data details that could set the direction for markets.
Investors' risk appetite at most of the regional markets have remained somewhat muted ahead of the Chinese New Year holidays next week that would see shortened trading weeks in countries including Malaysia, Singapore, Hong Kong and China.
US consumer confidence rose in January to its highest level in eight months, underscoring the brightening economic outlook, although declining housing prices still cast a cloud on the recovery, according to Reuters.
On the data front, the United States is scheduled to release December's new home sales figures, it said.
In addition, the Fed began a two-day meeting on Tuesday that is expected to end with a nod to an'' improved economic outlook but no change in course on its US$600 billion bond-buying plan, said Reuters.
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Hang Seng Index +0.32% 23,865.64 Shanghai Composite Index +0.53% 2,691.55 Taiwan's Taiex +0.76% 9,059.48 Kospi +0.86% 2,104.64 Singapore's STI +0.36% 3,192.67 Nikkei 225 -0.37% 10,425.42 ''
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Among plantation-related stocks, KLK was 38 sen to RM21.02, Batu Kawan 32 sen to RM16.26, Sime Darby 10 sen to RM9.20, TH Plantations four sen to RM1.95, Sarawak Oil Palms three sen to RM3.68 and IOI Corporation two sen to RM5.75.
DiGi fell 44 sen to RM25.02, Petronas Gas 18 sen to RM11.20, Petronas Chemicals 10 sen to RM5.94, Hong Leong Bank 12 sen to RM9.29, Maybank nine sen to RM8.70 and AMMB four sen to RM6.65.
Other decliners included GAB, Tradewinds, DFZ Capital, Fiamma, MISC and Tenaga.
Nestle was the top gainer and added 20 sen to RM45.50; Panasonic was up 10 sen to RM18.40, Genting eight sen to RM10.92, Kumpulan Europlus and Merge Housing six sen each to RM1.46 and RM5.76, while Eng Kah, Sarawak Cables and Gamuda rose five sen each to RM2.45, RM1.32 and RM3.82 respectively.
SAAG was the most actively traded counter with 38.6 million shares done. The stock was unchanged at 12 sen.
Other actives included Compugates, Ho Wah Genting, Olympia, Ramunia, Karambunai and KUB.
The FBM KLCI remained in negative territory at the mid-day break, falling 0.48% or 7.32 points to 1,519.11 due to selling of PLANTATION []s and making the benchmark index among the worst performers among key regional markets.
The FBM KLCI had earlier fallen to an intra-morning low of 1,505.36 and year-to-date, the 30-stock index's gains are up just 0.01%.'' Losers led gainers by 467 to 193, while 262 counters traded unchanged. Volume was 746.21 million shares valued at RM1.13 billion.
Bank Negara is due to announce its monetary policy decision after market close on Wednesay.
The ringgit weakened 0.03% to 3.0535 versus the US dollar; crude palm oil fell RM55 per tonne to RM3,648, crude oil rose 38 cents per barrel to US$86.57 while gold added US$2.25 per troy ounce to US$1,334.57.
However, key regional markets advanced ahead of the US FOMC meeting and economic data details that could set the direction for markets.
Investors' risk appetite at most of the regional markets have remained somewhat muted ahead of the Chinese New Year holidays next week that would see shortened trading weeks in countries including Malaysia, Singapore, Hong Kong and China.
US consumer confidence rose in January to its highest level in eight months, underscoring the brightening economic outlook, although declining housing prices still cast a cloud on the recovery, according to Reuters.
On the data front, the United States is scheduled to release December's new home sales figures, it said.
In addition, the Fed began a two-day meeting on Tuesday that is expected to end with a nod to an'' improved economic outlook but no change in course on its US$600 billion bond-buying plan, said Reuters.
''
Hang Seng Index +0.32% 23,865.64 Shanghai Composite Index +0.53% 2,691.55 Taiwan's Taiex +0.76% 9,059.48 Kospi +0.86% 2,104.64 Singapore's STI +0.36% 3,192.67 Nikkei 225 -0.37% 10,425.42 ''
''
''
Among plantation-related stocks, KLK was 38 sen to RM21.02, Batu Kawan 32 sen to RM16.26, Sime Darby 10 sen to RM9.20, TH Plantations four sen to RM1.95, Sarawak Oil Palms three sen to RM3.68 and IOI Corporation two sen to RM5.75.
DiGi fell 44 sen to RM25.02, Petronas Gas 18 sen to RM11.20, Petronas Chemicals 10 sen to RM5.94, Hong Leong Bank 12 sen to RM9.29, Maybank nine sen to RM8.70 and AMMB four sen to RM6.65.
Other decliners included GAB, Tradewinds, DFZ Capital, Fiamma, MISC and Tenaga.
Nestle was the top gainer and added 20 sen to RM45.50; Panasonic was up 10 sen to RM18.40, Genting eight sen to RM10.92, Kumpulan Europlus and Merge Housing six sen each to RM1.46 and RM5.76, while Eng Kah, Sarawak Cables and Gamuda rose five sen each to RM2.45, RM1.32 and RM3.82 respectively.
SAAG was the most actively traded counter with 38.6 million shares done. The stock was unchanged at 12 sen.
Other actives included Compugates, Ho Wah Genting, Olympia, Ramunia, Karambunai and KUB.
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