KUALA LUMPUR: Regional woes including Japan's nuclear crisis and weaker commodity prices weighed on investors' sentiment in the morning session on Tuesday, April 12, overshadowing the Invest Malaysia conference.
Key regional markets mostly fell due to weaker commodity and energy stocks, while Japan raised its nuclear crisis to the same level as the Chernobyl incident in 1986, according to Reuters.
At 12.30pm, the benchmark FBM KLCI fell 0.94% or 14.59 points to 1,529.41, weighed by losses including at banking stocks, Genting and Petronas Chemicals.'' Losers thumped gainers by 590 to 127, while 228 counters traded unchanged. Volume was 558.70 million shares valued at RM674.06 million.
The ringgit weakened 0.30% to 3.0295 versus the US dollar; crude palm oil for third month delivery fell RM48 per tonne to RM3.360, crude oil lost US$1.71 per barrel to US$108.21 while gold slumped US$6.31 per troy ounce to US$1,456.84.
Nikkei 225 -1.66% 9,558.45 Hang Seng Index -1.33% 23,980.07 Taiwan's Taiex -1.88% 8,712.88 Kospi 1.09% 2,099.19 Straits Times Index -0.71%
3,137.98 Shanghai Composite Index +0.36% 3,033.76 ''
Prime Minister Datuk Seri Najib Razak announced several measures to boost the local stock market including the listing of Felda Global Ventures Holdings Bhd's sugar business.
'This listing will enhance Felda's leading position in the sugar industry, providing the Group with an opportunity to gain recognition in the capital markets and allowing it to realise its investment whilst retaining control of its asset.
'The listing of Felda sugar on the Main Market of Bursa KL is expected to take place by July this year,' Najib said.
The local market pared down its losses briefly after Najib started delivering his speech this morning, but eventually succumbed to profit taking in line with its Asian peers.
Among the major losers on Bursa Malaysia this morning, BAT fell 28 sen to RM47.72, Genting 26 sen to RM10.84, Petronas Chemicals 17 sen to RM7.12, Nestle 16 sen to RM47.80, PPB and Subur Tiasa 12 sen each to RM16.86 and RM3.23, Ta Ann 11 sen to RM6.29 while Fibon fell 10 sen to 60 sen.
Among banking stocks, Maybank lost 11 sen to RM8.80, EON Capital 10 sen to RM7.01, CIMB seven sen to RM8.18, RHB Capital five sen to RM8.65, Hong Leong Bank four sen to RM10.46 and AMMB three sen to RM6.37.
MAA was the most actively trade counter with 19.96 million shares done. The stock added three sen to RM1.39.
Other actives included Digistar, Petronas Chemicals, Kenanga, DRB-Hicom, Perisai and HWGB.
Gainers, meanwhile, included Cepco, Malaysia Smelting Corp, Ho Hup, Shell, Aeon and Notion.
Key regional markets mostly fell due to weaker commodity and energy stocks, while Japan raised its nuclear crisis to the same level as the Chernobyl incident in 1986, according to Reuters.
At 12.30pm, the benchmark FBM KLCI fell 0.94% or 14.59 points to 1,529.41, weighed by losses including at banking stocks, Genting and Petronas Chemicals.'' Losers thumped gainers by 590 to 127, while 228 counters traded unchanged. Volume was 558.70 million shares valued at RM674.06 million.
The ringgit weakened 0.30% to 3.0295 versus the US dollar; crude palm oil for third month delivery fell RM48 per tonne to RM3.360, crude oil lost US$1.71 per barrel to US$108.21 while gold slumped US$6.31 per troy ounce to US$1,456.84.
Nikkei 225 -1.66% 9,558.45 Hang Seng Index -1.33% 23,980.07 Taiwan's Taiex -1.88% 8,712.88 Kospi 1.09% 2,099.19 Straits Times Index -0.71%
3,137.98 Shanghai Composite Index +0.36% 3,033.76 ''
Prime Minister Datuk Seri Najib Razak announced several measures to boost the local stock market including the listing of Felda Global Ventures Holdings Bhd's sugar business.
'This listing will enhance Felda's leading position in the sugar industry, providing the Group with an opportunity to gain recognition in the capital markets and allowing it to realise its investment whilst retaining control of its asset.
'The listing of Felda sugar on the Main Market of Bursa KL is expected to take place by July this year,' Najib said.
The local market pared down its losses briefly after Najib started delivering his speech this morning, but eventually succumbed to profit taking in line with its Asian peers.
Among the major losers on Bursa Malaysia this morning, BAT fell 28 sen to RM47.72, Genting 26 sen to RM10.84, Petronas Chemicals 17 sen to RM7.12, Nestle 16 sen to RM47.80, PPB and Subur Tiasa 12 sen each to RM16.86 and RM3.23, Ta Ann 11 sen to RM6.29 while Fibon fell 10 sen to 60 sen.
Among banking stocks, Maybank lost 11 sen to RM8.80, EON Capital 10 sen to RM7.01, CIMB seven sen to RM8.18, RHB Capital five sen to RM8.65, Hong Leong Bank four sen to RM10.46 and AMMB three sen to RM6.37.
MAA was the most actively trade counter with 19.96 million shares done. The stock added three sen to RM1.39.
Other actives included Digistar, Petronas Chemicals, Kenanga, DRB-Hicom, Perisai and HWGB.
Gainers, meanwhile, included Cepco, Malaysia Smelting Corp, Ho Hup, Shell, Aeon and Notion.
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