KUALA LUMPUR: Blue chips fell in early trade on Monday, Feb 28, with the FBM KLCI down more than 11 points, dragged down by banks and KL Kepong while key Asian markets fell.
Worries that the surge in oil prices could hurt global economic growth had helped drag equities lower last week, with MSCI's broad measure of Asia-Pacific equities outside Japan having hit its lowest in nearly three months of 454.70 last Thursday, Reuters said.
The MSCI Asia-Pacific index dipped 0.3 percent on Monday to 460.37, while Japan's benchmark Nikkei share average fell 0.6 percent .
At 9.30am, the FBM KLCI was down 11.85 points to 1,477.22. Turnover was 158.16 million shares valued at RM157.09 million. Declining stocks beat advancers more than three to one with 340 losers to 102 gainers.
Nestle fell the most, down 86 sen to RM44.40 with 2,100 shares done while Dutch Lady lost 48 sen to RM25.42. KL Kepong fell 48 sen to RM19.72 and Batu Kawan 30 sen to RM15.20 while PPB shed 18 sen to RM16.26.
Among the banks, AMMB lost 19 sen to RM6, CIMB 17 sen to RM7.90.
Among the gainers were TM, up eight sen to RM3.93. BAT rose 60 sen to RM47.40 with 900 shares done, Esso 16 sen to RM3.24 and Binapuri nine sen to RM1.36.
Worries that the surge in oil prices could hurt global economic growth had helped drag equities lower last week, with MSCI's broad measure of Asia-Pacific equities outside Japan having hit its lowest in nearly three months of 454.70 last Thursday, Reuters said.
The MSCI Asia-Pacific index dipped 0.3 percent on Monday to 460.37, while Japan's benchmark Nikkei share average fell 0.6 percent .
At 9.30am, the FBM KLCI was down 11.85 points to 1,477.22. Turnover was 158.16 million shares valued at RM157.09 million. Declining stocks beat advancers more than three to one with 340 losers to 102 gainers.
Nestle fell the most, down 86 sen to RM44.40 with 2,100 shares done while Dutch Lady lost 48 sen to RM25.42. KL Kepong fell 48 sen to RM19.72 and Batu Kawan 30 sen to RM15.20 while PPB shed 18 sen to RM16.26.
Among the banks, AMMB lost 19 sen to RM6, CIMB 17 sen to RM7.90.
Among the gainers were TM, up eight sen to RM3.93. BAT rose 60 sen to RM47.40 with 900 shares done, Esso 16 sen to RM3.24 and Binapuri nine sen to RM1.36.
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