KUALA LUMPUR: Blue chips fell to a more than two-week low on Friday, Jan 21 on sustained selling of CIMB while Petronas Chemicals declined after its outlook was cut to Neutral from Outperform.
Worries about rising inflation spurring aggressive policy tightening and its impact on reining in growth in major markets including China saw key regional markets declining for the second day, with losses up to 3.25% in Jakarta. Year-to-date, Jakarta is down 9.77% after being among the best performers in the region in 2010.
At 12.30pm, the KLCI was down 14.49 points or 0.93% to 1,552.02, the lowest since Jan 4 when it closed at 1,551.8. Turnover was 895.73 million shares valued at RM1.32 billion. Declining stocks beat advancers 597 to 149 while 256 counters were unchanged.
Hong Kong's Hang Seng Index, Japan's Nikkei 225, South Korea's Kospi, Singapore's Straits Times Index and Jakarta's Composite Index extended their losses from Thursday but China stocks managed to regain part of the previous day's losses.
Nikkei 225 -1.31% 10,300.67 Hang Seng Index -0.19% 23,957.82 Taiwan Taiex -0.59%
8,969.27 Kospi -1.43% 2,076.53 Jakarata -3.25%
3,341.69 STI -0.24% 3,197.84 Thailand SETI -1.02% 1,011.72 Shanghai Composite +1.85% 2,727.17 ''
At Bursa Malaysia, CIMB fell 21 sen to RM8.43, dragging the 30-stock index down by a massive 3.69 points while Genting's 20 sen decline to RM11.48 pulled the index down by 1.75 points. Maybank's nine sen decline to RM8.82 and Axiata's loss of six sen to RM4.83 saw the index losing a combined 2.7 points.
Petronas Chemical fell 15 sen to RM6.20 which a news wire said was due to a downgrade at Macquarie Group Research from 'Outperform' to 'Neutral'. A Petronas-related company, MMHE shed 21 sen to RM6.18.
Nestle'' was the top loser, down 50 sen to RM45 and Genting 20 sen to RM11.49. While crude palm oil futures rose RM48 to RM3,780, it was insufficient to stop the profit taking on KL Kepong, which fell 36 sen top RM22.50 and Batu Kawan and PPB gave up 20 sen each to RM16.98 amd RM17.30.
Jerneh was the top gainer, up 29 sen to Rm3.11 and the warrants 17 sen to RM1.43 while Borneo Oil-WA added 19 sen to 42.5 sen and the shares eight sen to 81.5 sen.
Worries about rising inflation spurring aggressive policy tightening and its impact on reining in growth in major markets including China saw key regional markets declining for the second day, with losses up to 3.25% in Jakarta. Year-to-date, Jakarta is down 9.77% after being among the best performers in the region in 2010.
At 12.30pm, the KLCI was down 14.49 points or 0.93% to 1,552.02, the lowest since Jan 4 when it closed at 1,551.8. Turnover was 895.73 million shares valued at RM1.32 billion. Declining stocks beat advancers 597 to 149 while 256 counters were unchanged.
Hong Kong's Hang Seng Index, Japan's Nikkei 225, South Korea's Kospi, Singapore's Straits Times Index and Jakarta's Composite Index extended their losses from Thursday but China stocks managed to regain part of the previous day's losses.
Nikkei 225 -1.31% 10,300.67 Hang Seng Index -0.19% 23,957.82 Taiwan Taiex -0.59%
8,969.27 Kospi -1.43% 2,076.53 Jakarata -3.25%
3,341.69 STI -0.24% 3,197.84 Thailand SETI -1.02% 1,011.72 Shanghai Composite +1.85% 2,727.17 ''
At Bursa Malaysia, CIMB fell 21 sen to RM8.43, dragging the 30-stock index down by a massive 3.69 points while Genting's 20 sen decline to RM11.48 pulled the index down by 1.75 points. Maybank's nine sen decline to RM8.82 and Axiata's loss of six sen to RM4.83 saw the index losing a combined 2.7 points.
Petronas Chemical fell 15 sen to RM6.20 which a news wire said was due to a downgrade at Macquarie Group Research from 'Outperform' to 'Neutral'. A Petronas-related company, MMHE shed 21 sen to RM6.18.
Nestle'' was the top loser, down 50 sen to RM45 and Genting 20 sen to RM11.49. While crude palm oil futures rose RM48 to RM3,780, it was insufficient to stop the profit taking on KL Kepong, which fell 36 sen top RM22.50 and Batu Kawan and PPB gave up 20 sen each to RM16.98 amd RM17.30.
Jerneh was the top gainer, up 29 sen to Rm3.11 and the warrants 17 sen to RM1.43 while Borneo Oil-WA added 19 sen to 42.5 sen and the shares eight sen to 81.5 sen.
No comments:
Post a Comment