KUALA LUMPUR: The FBM KLCI extended its losses in early traded on Monday, April 11, weighed by declines at key blue chips following the weaker Friday closing at Wall Street, as well as the still uncertain outlook in Japan where the nuclear crisis remains unabated.
At 10am, the benchmark index fell 3.76 points to 1,553.73, with losses including at Genting, PPB, Petronas Gas and Petronas Dagangan.
Gainers trailed losers by 249 to 266, while 249 counters traded unchanged. Volume was 314.62 million shares valued at RM273.86 million.
Asian markets were mixed as Japan plans to extend the evacuation zone around its crippled nuclear plant because of high radiation levels, local media reported on Monday, with engineers no closer to regaining control of six reactors hit by a giant tsunami one month ago, according to Reuters.
Concern at Japan's inability contain its nuclear crisis, caused by a March 11 earthquake and tsunami, is mounting with Prime Minister Naoto Kan's ruling party suffering embarrassing losses in local elections on Sunday and neighbouring China and South Korea voicing criticism, it said.
Engineers at the damaged Fukushima Daiichi plant north of Tokyo said on Sunday they were no closer to restoring the plant's cooling system which is critical if overheated fuel rods are to be cooled and the six reactors brought under control, said Reuters.
At the regional markets, Japan's Nikkei 225 and Taiwan's Taiex shed 0.33% each to 9,736.07 and 8,865.08, and Singapore's Straits Times Index fell 0.27% to 3,178.85.
Meanwhile, the Shanghai Composite Index rose 0.45% to 3,043.53, Hong Kong's Hang Seng Index added 0.18% to 24,439.81 while South Korea's Kospi edged up 0.05% to 2,129.08.
Among the major decliners at mid-morning, ''Genting and BHIC fell 12 sen each to RM11.26 and RM4.72, Subur Tiasa down 11 sen to RM3.42, PPB 10 sen to RM16.88, Petronas Gas and Petronas Dagangan eight sen each to RM11.40 and RM16.38, while IJM Corp, Mudajaya and Cypark fell seven sen each to RM6.35, RM4.91 and RM3.13 respectively.
Among the gainers, Mamee surged 59 sen to RM4.19 after its major shareholders, who collectively hold 79.1%, proposed a selective capital repayment (SCR) of RM4.39 a share to the remaining shareholders under a corporate exercise to take it private.
DiGi added 40 sen to RM29.74, MPI 25 sen to RM5.70, S P Setia 21 sen to RM6.66, Shell 20 sen to RM11, Masteel 16 sen to RM1.56, Pintaras 14 sen to RM2.52, HLFG 13 sen to RM9.65 and Paramount and MBSB added 12 sen each to RM5.70 and RM2.40.
DBE Gurney was the most actively traded counter with 25.1 million shares done. The stock added half a sen to 11.5 sen.
Other actives included MAA, Melewar, Landmarks and Masteel warrants.
At 10am, the benchmark index fell 3.76 points to 1,553.73, with losses including at Genting, PPB, Petronas Gas and Petronas Dagangan.
Gainers trailed losers by 249 to 266, while 249 counters traded unchanged. Volume was 314.62 million shares valued at RM273.86 million.
Asian markets were mixed as Japan plans to extend the evacuation zone around its crippled nuclear plant because of high radiation levels, local media reported on Monday, with engineers no closer to regaining control of six reactors hit by a giant tsunami one month ago, according to Reuters.
Concern at Japan's inability contain its nuclear crisis, caused by a March 11 earthquake and tsunami, is mounting with Prime Minister Naoto Kan's ruling party suffering embarrassing losses in local elections on Sunday and neighbouring China and South Korea voicing criticism, it said.
Engineers at the damaged Fukushima Daiichi plant north of Tokyo said on Sunday they were no closer to restoring the plant's cooling system which is critical if overheated fuel rods are to be cooled and the six reactors brought under control, said Reuters.
At the regional markets, Japan's Nikkei 225 and Taiwan's Taiex shed 0.33% each to 9,736.07 and 8,865.08, and Singapore's Straits Times Index fell 0.27% to 3,178.85.
Meanwhile, the Shanghai Composite Index rose 0.45% to 3,043.53, Hong Kong's Hang Seng Index added 0.18% to 24,439.81 while South Korea's Kospi edged up 0.05% to 2,129.08.
Among the major decliners at mid-morning, ''Genting and BHIC fell 12 sen each to RM11.26 and RM4.72, Subur Tiasa down 11 sen to RM3.42, PPB 10 sen to RM16.88, Petronas Gas and Petronas Dagangan eight sen each to RM11.40 and RM16.38, while IJM Corp, Mudajaya and Cypark fell seven sen each to RM6.35, RM4.91 and RM3.13 respectively.
Among the gainers, Mamee surged 59 sen to RM4.19 after its major shareholders, who collectively hold 79.1%, proposed a selective capital repayment (SCR) of RM4.39 a share to the remaining shareholders under a corporate exercise to take it private.
DiGi added 40 sen to RM29.74, MPI 25 sen to RM5.70, S P Setia 21 sen to RM6.66, Shell 20 sen to RM11, Masteel 16 sen to RM1.56, Pintaras 14 sen to RM2.52, HLFG 13 sen to RM9.65 and Paramount and MBSB added 12 sen each to RM5.70 and RM2.40.
DBE Gurney was the most actively traded counter with 25.1 million shares done. The stock added half a sen to 11.5 sen.
Other actives included MAA, Melewar, Landmarks and Masteel warrants.
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