KUALA LUMPUR: Asian markets dipped on Friday, April 15 as investors took profit after the recent rally, while stocks on Bursa Malaysia declined on account of investors' reluctance to take positions before the Sarawak state elections on Saturday.
The FBM KLCI fell 4.85 points to 1,520.95 at the mid-day break, dragged by losses including at BAT, DiGi, Petronas Dagangan and Hong Leong Bank.
Losers beat gainers by 403 to 196, while 296 counters traded unchanged. Volume was 397.11 million shares valued at RM629.79 million.
The ringgit strengthened 0.01% to 3.0218 versus the US dollar. Crude palm oil gained RM7 per tonne to RM3,285, crude oil added seven cents per barrel to US$108.18 while gold edged up five cents per troy ounce to US$1,474.23.
China's turbo-charged growth eased just a touch in the first quarter, while its inflation jumped to a 32-month high, putting pressure on the government to do more to rein in prices and keep the economy on an even keel, according to Reuters.
China's gross domestic product increased by 9.7% in the first quarter from a year earlier, down from 9.8% in the final three months of 2010 but ahead of an expected 9.5% pace.
At the regional markets, Japan's Nikkei 225 fell 0.67% to 9,589.52, the Shanghai Composite Index lost 0.53% to 3,026.44, South Korea's Kospi fell 0.41% to 2,132.18, Hong Kong's Hang Seng Index slipped 0.35% to 23,929.32, Taiwan's Taiex fell 0.29% to 8,777.63 while Singapore's Straits Times Index shed 0.12% to 3,155.06.
On Bursa Malaysia, BAT fell 62 sen to RM47.28, DiGi lost 36 sen to RM29.14, Far East Corp 20 sen to RM7.20, Bintulu Port and Fima Corp fell 18 sen each to RM6.80 and RM6, Petronas Dagangan and Hong Leong Bank 14 sen each to RM16.06 and RM10.26, while Glenealy and Nestle fell 10 sen each to RM4.75 and RM47.90.
Lion Corp was the most actively traded counter with 16.44 million shares done. The stock shed half a sen to 30.5 sen.
Other actives included Axiata, Viztel, Seal, CIMB, Karambunai, DBE Gurney and Perisai.
YTL Corp was the top gainer this morning and was up 21 sen to RM7.67; Allianz rose 13 sen to RM5.33, MBSB 11 sen to RM2.55, Widetech and F&N rose 10 sen each to 83 sen and RM16.10, Hartalega nine sen to RM5.62 and CMSB eight sen to RM2.31.
Meanwhile, Proton added seven sen to RM3.32 after the company said its unit Lotus would breakeven by 2014.
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The FBM KLCI fell 4.85 points to 1,520.95 at the mid-day break, dragged by losses including at BAT, DiGi, Petronas Dagangan and Hong Leong Bank.
Losers beat gainers by 403 to 196, while 296 counters traded unchanged. Volume was 397.11 million shares valued at RM629.79 million.
The ringgit strengthened 0.01% to 3.0218 versus the US dollar. Crude palm oil gained RM7 per tonne to RM3,285, crude oil added seven cents per barrel to US$108.18 while gold edged up five cents per troy ounce to US$1,474.23.
China's turbo-charged growth eased just a touch in the first quarter, while its inflation jumped to a 32-month high, putting pressure on the government to do more to rein in prices and keep the economy on an even keel, according to Reuters.
China's gross domestic product increased by 9.7% in the first quarter from a year earlier, down from 9.8% in the final three months of 2010 but ahead of an expected 9.5% pace.
At the regional markets, Japan's Nikkei 225 fell 0.67% to 9,589.52, the Shanghai Composite Index lost 0.53% to 3,026.44, South Korea's Kospi fell 0.41% to 2,132.18, Hong Kong's Hang Seng Index slipped 0.35% to 23,929.32, Taiwan's Taiex fell 0.29% to 8,777.63 while Singapore's Straits Times Index shed 0.12% to 3,155.06.
On Bursa Malaysia, BAT fell 62 sen to RM47.28, DiGi lost 36 sen to RM29.14, Far East Corp 20 sen to RM7.20, Bintulu Port and Fima Corp fell 18 sen each to RM6.80 and RM6, Petronas Dagangan and Hong Leong Bank 14 sen each to RM16.06 and RM10.26, while Glenealy and Nestle fell 10 sen each to RM4.75 and RM47.90.
Lion Corp was the most actively traded counter with 16.44 million shares done. The stock shed half a sen to 30.5 sen.
Other actives included Axiata, Viztel, Seal, CIMB, Karambunai, DBE Gurney and Perisai.
YTL Corp was the top gainer this morning and was up 21 sen to RM7.67; Allianz rose 13 sen to RM5.33, MBSB 11 sen to RM2.55, Widetech and F&N rose 10 sen each to 83 sen and RM16.10, Hartalega nine sen to RM5.62 and CMSB eight sen to RM2.31.
Meanwhile, Proton added seven sen to RM3.32 after the company said its unit Lotus would breakeven by 2014.
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