KUALA LUMPUR: The FBM KLCI pared down some of its losses at the mid-day break on Tuesday, April 19 while most key regional markets extended their loss following the overnight fall at Wall Street.
The FBM KLCI was down 0.47% or 7.15 points to 1,520.77 at 12.30pm. It had earlier fallen to its intra-morning low of 1,514.94.
Market breadth however remained negative with losers leading gainers by 513 to 139, while 236 counters traded unchanged. Volume was 362.09 million shares valued at RM543.35 million.
The ringgit weakened 0.20% to 3.0295 versus the US dollar; crude palm oil for the third month delivery fell RM11 per tonne to RM3,235, crude oil slipped 47 cents per barrel to US$106.65 and gold fell US$5.80 per troy ounce to US$1,489.50.
Meanwhile, Asian stocks fell on Tuesday after rating agency Standard & Poor's lowered its US credit outlook to negative, prompting a global flight to other assets.
At the regional markets, Japan's Nikkei 225 lost 1.39% to 9,423.83, Hong Kong's Hang Seng Index fell 1.28% to 23,524.80, the Shanghai Composite Index down 1.88% to 2,999.82, Taiwan's Taiex lost 1.16% to 8,613.81, Singapore's Straits Times Index was down 0.79% to 3,199.61 and South Korea's Kospi shed 0.60% to 2,124.88.
S&P threatened on Monday to downgrade the United States' prized AAA credit rating unless the Obama administration and Congress find a way to slash the yawning federal budget deficit within two years, according to Reuters.
S&P, which assigns ratings to guide investors on the risks involved in buying debt instruments, slapped a negative outlook on the country's top-notch credit rating and said there's at least a one-in-three chance that it could eventually cut it.
The Dow Jones Industrial Average fell 1.14% to 12,201.59 yesterday.
On Bursa Malaysia, BAT fell 46 sen to RM47.24, DiGi lost 44 sen to RM28.56, Warisan 15 sen to RM2.33, HLFG 14 sen to RM9.31, Hong Leong Bank and LPI Capital 12 sen each to RM10.38 and RM13.48, while Genting PLANTATION []s, Petronas Gas and New Hoong Fatt lost 10 sen each to RM7.90, RM11.26 and RM2.40.
Smartag was the most actively traded counter with 16.6 million shares done. The stock shed half a sen to 37.5 sen.
Other actives included Key West, Perisai, Karambunai, Axiara, Petronas Chemicals, MAA, Land & General, and E&O.
Gainers included SBC Corp, Ken Holdings, Ewein, Shell, LTKM, Jerneh, Signature International and HELP.
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The FBM KLCI was down 0.47% or 7.15 points to 1,520.77 at 12.30pm. It had earlier fallen to its intra-morning low of 1,514.94.
Market breadth however remained negative with losers leading gainers by 513 to 139, while 236 counters traded unchanged. Volume was 362.09 million shares valued at RM543.35 million.
The ringgit weakened 0.20% to 3.0295 versus the US dollar; crude palm oil for the third month delivery fell RM11 per tonne to RM3,235, crude oil slipped 47 cents per barrel to US$106.65 and gold fell US$5.80 per troy ounce to US$1,489.50.
Meanwhile, Asian stocks fell on Tuesday after rating agency Standard & Poor's lowered its US credit outlook to negative, prompting a global flight to other assets.
At the regional markets, Japan's Nikkei 225 lost 1.39% to 9,423.83, Hong Kong's Hang Seng Index fell 1.28% to 23,524.80, the Shanghai Composite Index down 1.88% to 2,999.82, Taiwan's Taiex lost 1.16% to 8,613.81, Singapore's Straits Times Index was down 0.79% to 3,199.61 and South Korea's Kospi shed 0.60% to 2,124.88.
S&P threatened on Monday to downgrade the United States' prized AAA credit rating unless the Obama administration and Congress find a way to slash the yawning federal budget deficit within two years, according to Reuters.
S&P, which assigns ratings to guide investors on the risks involved in buying debt instruments, slapped a negative outlook on the country's top-notch credit rating and said there's at least a one-in-three chance that it could eventually cut it.
The Dow Jones Industrial Average fell 1.14% to 12,201.59 yesterday.
On Bursa Malaysia, BAT fell 46 sen to RM47.24, DiGi lost 44 sen to RM28.56, Warisan 15 sen to RM2.33, HLFG 14 sen to RM9.31, Hong Leong Bank and LPI Capital 12 sen each to RM10.38 and RM13.48, while Genting PLANTATION []s, Petronas Gas and New Hoong Fatt lost 10 sen each to RM7.90, RM11.26 and RM2.40.
Smartag was the most actively traded counter with 16.6 million shares done. The stock shed half a sen to 37.5 sen.
Other actives included Key West, Perisai, Karambunai, Axiara, Petronas Chemicals, MAA, Land & General, and E&O.
Gainers included SBC Corp, Ken Holdings, Ewein, Shell, LTKM, Jerneh, Signature International and HELP.
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