KUALA LUMPUR: The FBM KLCI was in the red in early trade on Monday, Feb 7 as investors' worried about the fallout from the revolt in Libya and the impact of surging oil prices.
U.S. crude surpassed US$105 to reach the highest price in 2-1/2 years on Monday as a counter-offensive by Libya's Muammar Gaddafi against rebels deepened concerns that civil war is brewing in Africa's largest holder of oil reserves, according to Reuters.
At 9.03am, the KLCI was down 4.02 points to 1.518.59. Turnover was 22.46 million shares valued at RM15 million. Losers beat gainers 115 to 22 while 90 stocks were unchanged.
Genting fell 10 sen to RM10.24, Tradewinds nine sen to RM8.03, Genting Malaysia five sen to RM3.39, Axiata five sen to RM4.94, MRCB and AirAsia four sen each to RM2.04 and RM2.48.
Kulim-WC surged 28.5 sen to 89 sen with 1.69 million units done. Its price has tripled since it started trading. Last Friday, Buresa Securities had maintained the upper limit for Kulim-WC at 60.5 sen in the afternoon session after it had traded at limit up price for two consecutive sessions.
U.S. crude surpassed US$105 to reach the highest price in 2-1/2 years on Monday as a counter-offensive by Libya's Muammar Gaddafi against rebels deepened concerns that civil war is brewing in Africa's largest holder of oil reserves, according to Reuters.
At 9.03am, the KLCI was down 4.02 points to 1.518.59. Turnover was 22.46 million shares valued at RM15 million. Losers beat gainers 115 to 22 while 90 stocks were unchanged.
Genting fell 10 sen to RM10.24, Tradewinds nine sen to RM8.03, Genting Malaysia five sen to RM3.39, Axiata five sen to RM4.94, MRCB and AirAsia four sen each to RM2.04 and RM2.48.
Kulim-WC surged 28.5 sen to 89 sen with 1.69 million units done. Its price has tripled since it started trading. Last Friday, Buresa Securities had maintained the upper limit for Kulim-WC at 60.5 sen in the afternoon session after it had traded at limit up price for two consecutive sessions.
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