KUALA LUMPUR: ''The FBM KLCI fell on Monday, March 28 as investor sentiment remained cautious across key regional markets as Japan struggled to contain radiation levels at its stricken nuclear plant.
Slow progress at the nuclear power plant added to investor worries over disrupted supply chains and power cuts already biting into corporate earnings after Japan's massive earthquake and tsunami this month, according to Reuters.
Domestic players off-loaded holdings in Tokyo stocks or have already closed positions ahead of the end of the fiscal year on March 31, putting the market under more selling pressure, it said.
The FBM KLCI closed 1.30 points lower at 1,514.25.
Losers edged gainers by 380 to 371, while 304 counters traded unchanged. Volume was 1.28 billion shares valued at RM1.61 billion.
At the regional markets, Japan's Nikkei 225 fell 0.60% to 9,478.53, Hong Kong's Hang Seng Index down 0.39% to 23,068.19, Taiwan's Taiex Index down 0.67% to 8,553.06 and Singapore's Straits Times Index shed 0.44% to 3,057.38.
Meanwhile, the Shanghai Composite Index added 0.21% to 2,984.01 and South Korea's Kospi edged up 0.11% to 2,056.39.
On Bursa Malaysia, Nestle was the top loser and fell RM1.26 to RM46,60; BAT lost 30 sen to RM47.70, Paos 12.5 sen to 66.5 sen, Cycke & Carriage down 12 sen to RM4.60, Asia File, Tenaga, UEM Land and MMHE fell nine sen each to RM4.29, RM6, RM2.67 and RM6.77 respectively, while KYM fell eight sen to RM2.32.
Meanwhile, timber-related stocks shone on expectations of an increase in demand from Japan for post-earthquake reCONSTRUCTION [] efforts.
Subur Tiasa jumped 58 sen to RM3.44, Ta Ann 49 sen to RM6.49, Jaya Tiasa 36 sen to RM6.16 and WTK 13 sen to RM1.84.
Other gainers included DiGi that added 20 sen to RM27.90, PacificMas, Guan Chong, Cypark and Stonemaster up 15 sen each to RM5.94, RM2.50, RM2.93 65 sen respectively, while Hua Yang added 14 sen to RM1.38.
Iris Corp was the most actively traded counter with 54.4 million shares done. The stock added 1.5 sen to 19.5 sen.
Other actives included HWGB, Digistar, JCY International, Karambunai, MUI Industries, Tanco, Olympia and UEM Land.
Slow progress at the nuclear power plant added to investor worries over disrupted supply chains and power cuts already biting into corporate earnings after Japan's massive earthquake and tsunami this month, according to Reuters.
Domestic players off-loaded holdings in Tokyo stocks or have already closed positions ahead of the end of the fiscal year on March 31, putting the market under more selling pressure, it said.
The FBM KLCI closed 1.30 points lower at 1,514.25.
Losers edged gainers by 380 to 371, while 304 counters traded unchanged. Volume was 1.28 billion shares valued at RM1.61 billion.
At the regional markets, Japan's Nikkei 225 fell 0.60% to 9,478.53, Hong Kong's Hang Seng Index down 0.39% to 23,068.19, Taiwan's Taiex Index down 0.67% to 8,553.06 and Singapore's Straits Times Index shed 0.44% to 3,057.38.
Meanwhile, the Shanghai Composite Index added 0.21% to 2,984.01 and South Korea's Kospi edged up 0.11% to 2,056.39.
On Bursa Malaysia, Nestle was the top loser and fell RM1.26 to RM46,60; BAT lost 30 sen to RM47.70, Paos 12.5 sen to 66.5 sen, Cycke & Carriage down 12 sen to RM4.60, Asia File, Tenaga, UEM Land and MMHE fell nine sen each to RM4.29, RM6, RM2.67 and RM6.77 respectively, while KYM fell eight sen to RM2.32.
Meanwhile, timber-related stocks shone on expectations of an increase in demand from Japan for post-earthquake reCONSTRUCTION [] efforts.
Subur Tiasa jumped 58 sen to RM3.44, Ta Ann 49 sen to RM6.49, Jaya Tiasa 36 sen to RM6.16 and WTK 13 sen to RM1.84.
Other gainers included DiGi that added 20 sen to RM27.90, PacificMas, Guan Chong, Cypark and Stonemaster up 15 sen each to RM5.94, RM2.50, RM2.93 65 sen respectively, while Hua Yang added 14 sen to RM1.38.
Iris Corp was the most actively traded counter with 54.4 million shares done. The stock added 1.5 sen to 19.5 sen.
Other actives included HWGB, Digistar, JCY International, Karambunai, MUI Industries, Tanco, Olympia and UEM Land.
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