KUALA LUMPUR: The FBM KLCI fell more than 1% at the mid-day break on Friday, March 11 in line with the overall tepid sentiment at key regional markets following the overnight slump at Wall Street.
US stocks tumbled in one of their worst daily performance yesterday since August 2010, hammered by the disappointing economic news flow from US, China and Spain.
The FBM KLCI fell 1.05% or 15.87 points to 1,501.04, weighed by losses including at banking and index-linked PLANTATION [] stocks.'' The index had earlier fallen to its intra-morning low of 1,498.93.
The ringgit weakened 0.2% to 3.0385 versus the US dollar; crude palm oil for the third month delivery added RM13 per tonne to RM3,445; oil slipped 12 cents per barrel to US$102.58 while gold rose US$3.68 per troy ounce to US$1,415.48.
Losers thumped gainers by 503 to 84, while 214 counters traded unchanged. Volume was 478.3 million shares valued at RM699.58 million.
Asian shares dipped on Friday as spreading unrest in Saudi Arabia and weak economic data spurred some profit taking while the euro looked shaky after its biggest one-day fall versus the dollar in a month.
Key stock indexes in Japan, Australia and South Korea fell nearly 1 percent. China's report that inflation in February remained around the 5 percent mark, suggesting tighter monetary policy may be needed, added to uncertainty.
BIMB Securities Research in a note March 11 said that given the disappointing Wall Street sentiment and added with the negative economic development plaguing the major economic superpower house, it'' expects the selling pressure in local and regional market to be inevitable.
Japan's Nikkei 225 -0.82% 10,348.45 Hang Seng Index -0.77% 23,432.85 South Korea's Kospi -1.34% 1,955.08 Taiwan's Taiex -0.89% 8,565.92 Singapore's Straits Times Index -0.79% 3,051.18 Shanghai Composite Index -0.27% 2,949.12 ''
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Among the major losers on Bursa Malaysia, AMMB fell eight sen to RM6.38, RHB Capital and HLFG six sen each to RM7.96 and RM8.76, Public Bank, CIMB and Maybank four sen each to RM13.08, RM8 and RM8.76 respectively, while Hong Leong Bank fell two sen to RM9.30.
Among the plantation-related stocks, PPB fell 26 sen to RM16.74, KLK 22 sen to RM20.66, Batu Kawan 16 sen to RM15.22, IOI Corp 12 sen to RM5.59, Sime Darby five sen to RM9.05 and Boustead six sen to RM5.53.
Gainers this morning included Nestle, JT International, HELP, Scientex, NPC, Kretam and AZRB.
The actives included Perisai, Petronas Chemicals, Borneo Oil, Petra, Tanco and Sumatec.
US stocks tumbled in one of their worst daily performance yesterday since August 2010, hammered by the disappointing economic news flow from US, China and Spain.
The FBM KLCI fell 1.05% or 15.87 points to 1,501.04, weighed by losses including at banking and index-linked PLANTATION [] stocks.'' The index had earlier fallen to its intra-morning low of 1,498.93.
The ringgit weakened 0.2% to 3.0385 versus the US dollar; crude palm oil for the third month delivery added RM13 per tonne to RM3,445; oil slipped 12 cents per barrel to US$102.58 while gold rose US$3.68 per troy ounce to US$1,415.48.
Losers thumped gainers by 503 to 84, while 214 counters traded unchanged. Volume was 478.3 million shares valued at RM699.58 million.
Asian shares dipped on Friday as spreading unrest in Saudi Arabia and weak economic data spurred some profit taking while the euro looked shaky after its biggest one-day fall versus the dollar in a month.
Key stock indexes in Japan, Australia and South Korea fell nearly 1 percent. China's report that inflation in February remained around the 5 percent mark, suggesting tighter monetary policy may be needed, added to uncertainty.
BIMB Securities Research in a note March 11 said that given the disappointing Wall Street sentiment and added with the negative economic development plaguing the major economic superpower house, it'' expects the selling pressure in local and regional market to be inevitable.
Japan's Nikkei 225 -0.82% 10,348.45 Hang Seng Index -0.77% 23,432.85 South Korea's Kospi -1.34% 1,955.08 Taiwan's Taiex -0.89% 8,565.92 Singapore's Straits Times Index -0.79% 3,051.18 Shanghai Composite Index -0.27% 2,949.12 ''
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''
Among the major losers on Bursa Malaysia, AMMB fell eight sen to RM6.38, RHB Capital and HLFG six sen each to RM7.96 and RM8.76, Public Bank, CIMB and Maybank four sen each to RM13.08, RM8 and RM8.76 respectively, while Hong Leong Bank fell two sen to RM9.30.
Among the plantation-related stocks, PPB fell 26 sen to RM16.74, KLK 22 sen to RM20.66, Batu Kawan 16 sen to RM15.22, IOI Corp 12 sen to RM5.59, Sime Darby five sen to RM9.05 and Boustead six sen to RM5.53.
Gainers this morning included Nestle, JT International, HELP, Scientex, NPC, Kretam and AZRB.
The actives included Perisai, Petronas Chemicals, Borneo Oil, Petra, Tanco and Sumatec.
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