KUALA LUMPUR: Blue chips fell further in afternoon trade on Friday, March 11, with the FBM KLCI falling more than 18 points, dragged by Genting.
However, trading volume was relatively thin but the broader market displayed the caution among investors with declining stocks hammering advancers nearly seven to one.
At 2.54pm, the KLCI was down 18.11 points to 1,498.80. Turnover was 559.88 million shares valued at RM858.66 million. There were 556 losers, 82 gainers and 203 stocks unchanged.
BAT was the top loser, down 54 sen to RM45.70, PPB 52 sen to RM16.48, KLK 22 sen to RM20.66 while Batu Kawan, Genting and YTL lost 20 sen each to RM15.18, RM10.06 and RM7.11 respectively.
Reuters reported Asian shares fell as weak economic data and spreading unrest in Saudi Arabia prompted some profit taking, while the euro looked shaky after its biggest one-day fall versus the dollar in a month.
Japan's Nikkei average closed down 1.7 percent at 10,254.43 points after an earthquake measuring 7.9 struck off the northeast coast of Japan, strongly shaking buildings in Tokyo.
Hong Kong stocks slipped 1.8% in early afternoon trade.
China's main stock index closed down 0.8% as investors remained wary that liquidity will tighten after economic data showed prices rose steadily in the first two months of the year.
The benchmark Shanghai Composite Index ended at 2,933.8 points, after a 1.5% drop on Thursday. The index ended the week down 0.3% after a run-up in energy and bank stocks early in the week was tempered by profit-taking.
However, trading volume was relatively thin but the broader market displayed the caution among investors with declining stocks hammering advancers nearly seven to one.
At 2.54pm, the KLCI was down 18.11 points to 1,498.80. Turnover was 559.88 million shares valued at RM858.66 million. There were 556 losers, 82 gainers and 203 stocks unchanged.
BAT was the top loser, down 54 sen to RM45.70, PPB 52 sen to RM16.48, KLK 22 sen to RM20.66 while Batu Kawan, Genting and YTL lost 20 sen each to RM15.18, RM10.06 and RM7.11 respectively.
Reuters reported Asian shares fell as weak economic data and spreading unrest in Saudi Arabia prompted some profit taking, while the euro looked shaky after its biggest one-day fall versus the dollar in a month.
Japan's Nikkei average closed down 1.7 percent at 10,254.43 points after an earthquake measuring 7.9 struck off the northeast coast of Japan, strongly shaking buildings in Tokyo.
Hong Kong stocks slipped 1.8% in early afternoon trade.
China's main stock index closed down 0.8% as investors remained wary that liquidity will tighten after economic data showed prices rose steadily in the first two months of the year.
The benchmark Shanghai Composite Index ended at 2,933.8 points, after a 1.5% drop on Thursday. The index ended the week down 0.3% after a run-up in energy and bank stocks early in the week was tempered by profit-taking.
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