KUALA LUMPUR:'' Asian markets skidded on Thursday, March 10 as a spate of negative news spooked investors already worried of high crude oil prices as a result of escalating tensions in the Mid-east that could stem global economic growth.
A contraction in Japan's 4Q GDP growth, China posting its largest traded deficit in seven years in February as well as Moody's downgrade of Spain's rating further dampened already jittery investor confidence.
The FBM KLCI fell 6.78 points to 1,516.91, weighed by losses including at MISC, DiGi and Petronas Gas.'' Losers beat gainers 483 to 253, while 280 counters traded unchanged. Volume was 1.09 billion shares valued at RM1.56 billion.
At the regional markets, the Shanghai Composite Index fell 1.5% to 2,957.14, Japan's Nikkei 225 lost 1.46% to 10,434.38, Taiwan's Taiex fell 1.22% to 8,642.90, South Korea's Kospi Index was down 0.99% to 1,981.58, Hong Kong's Hang Seng Index lost 0.82% to 23,614.89 and Singapore's Straits Times Index fell 0.56% to 3,075.44.
Regionally, China swung to a trade deficit in February of US$7.3 billion, its largest in seven years, as the Lunar New Year holiday dealt an unexpectedly sharp blow to exports.
European shares declined on Thursday as Moody's downgrade of Spain's rating raised concerns about the health of peripheral euro zone economies, while higher oil prices on
Libya unrest stoked worries about global growth, said Reuters.
At Bursa, among the major losers, BAT fell RM1.40 to RM46.24, Nestle 48 sen to RM45.02, DiGi 44 sen to RM27.36, Panasonic 26 sen to RM19.70, MISC 21 sen to RM7.70, PPB 20 sen to RM17, BLD PLANTATION []s 18 sen to RM5.20 and Petronas Gas 14 sen to RM11.58.
Far East Corp was the top gainer and rose 20 sen to RM7.50; HELP was up 17 sen to RM2.53, Pos Malaysia 15 sen to RM3.20, Media Prima 13 sen to RM2.38, Top Glove 11 sen to RM5, Ewein and Batu Kawan 10 sen each to RM1 and RM15.38, while Bintulu Port added nine sen to RM6.59.
SAAG was the most actively traded counter with 67.76 million shares done. The stock shed half a sen to 9.5 sen. Other actives included Borneo Oil, Perisai, Sumatec, Axiata and HWGB.
A contraction in Japan's 4Q GDP growth, China posting its largest traded deficit in seven years in February as well as Moody's downgrade of Spain's rating further dampened already jittery investor confidence.
The FBM KLCI fell 6.78 points to 1,516.91, weighed by losses including at MISC, DiGi and Petronas Gas.'' Losers beat gainers 483 to 253, while 280 counters traded unchanged. Volume was 1.09 billion shares valued at RM1.56 billion.
At the regional markets, the Shanghai Composite Index fell 1.5% to 2,957.14, Japan's Nikkei 225 lost 1.46% to 10,434.38, Taiwan's Taiex fell 1.22% to 8,642.90, South Korea's Kospi Index was down 0.99% to 1,981.58, Hong Kong's Hang Seng Index lost 0.82% to 23,614.89 and Singapore's Straits Times Index fell 0.56% to 3,075.44.
Regionally, China swung to a trade deficit in February of US$7.3 billion, its largest in seven years, as the Lunar New Year holiday dealt an unexpectedly sharp blow to exports.
European shares declined on Thursday as Moody's downgrade of Spain's rating raised concerns about the health of peripheral euro zone economies, while higher oil prices on
Libya unrest stoked worries about global growth, said Reuters.
At Bursa, among the major losers, BAT fell RM1.40 to RM46.24, Nestle 48 sen to RM45.02, DiGi 44 sen to RM27.36, Panasonic 26 sen to RM19.70, MISC 21 sen to RM7.70, PPB 20 sen to RM17, BLD PLANTATION []s 18 sen to RM5.20 and Petronas Gas 14 sen to RM11.58.
Far East Corp was the top gainer and rose 20 sen to RM7.50; HELP was up 17 sen to RM2.53, Pos Malaysia 15 sen to RM3.20, Media Prima 13 sen to RM2.38, Top Glove 11 sen to RM5, Ewein and Batu Kawan 10 sen each to RM1 and RM15.38, while Bintulu Port added nine sen to RM6.59.
SAAG was the most actively traded counter with 67.76 million shares done. The stock shed half a sen to 9.5 sen. Other actives included Borneo Oil, Perisai, Sumatec, Axiata and HWGB.
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