KUALA LUMPUR: The FBM KLCI succumbed to some profit taking in late trade on Monday, May 16 and closed in the red, as investors mainly stayed on the sidelines given that Tuesday is a public holiday, and also due to the tepid sentiment at key regional markets.
The 30-stock index fell 0.29% or 4.47 points to 1,536.27, coming off its intra-day high of 1,545,34, weighed by losses including at Genting and Hong Leong Bank.
Gainers beat losers by 502 to 274, while 286 counters traded unchanged. Volume was 811.79 million shares valued at RM1.24 billion.
Among the decliners, Batu Kawan fell 36 sen to RM15.84, Genting lost 28 sen to RM11.12, Tahps 27 sen to RM4.93, United PLANTATION []s 20 sen to RM17.60, Hong Leong Bank 16 sen to RM12.28, Hap Seng 15 sen to RM5.30 and Lafarge Malayan Cement 11 sen to RM7.19.
Latexx shares and warrants slumped after the RM852.03 million buyout plan by Navis Asia VI Management Company Ltd (Navis) was aborted following ''the exclusivity period granted to Navis expiring on May 15.
Latexx warrants fell 35 sen to RM1.90 while its shares lost 26 sen to RM2.40.
Digistar was the most actively traded counter with 26 million shares done. The stock fell two sen to 45 sen.
Other actives included Ingenius Solutions, CME, BDE Gurney, Axiata, ConnectCounty and PJI.
Tradewinds was the top gainer and rose 42 sen to RM9.23; Dutch Lady added 30 sen to RM17.58, Media Prima 23 sen to RM2.90, Tradewinds Plantations 16 sen to RM3.42, Tasek and CBIP 15 sen each to RM8.95 and RM4.31, KLK 14 sen to RM21.16 while C.I. Holdings added 13 sen to RM2.89.
Meanwhile, Asian equities slipped and the dollar strengthened on Monday with further gains seen as renewed concerns of a possible euro zone debt restructuring prompted market players to reduce risk, according to Reuters.
At the regional markets, Hong Kong's Hang Seng Index lost 1.36% to 22,960.63, Taiwan's Taiex fell 1.05% to 8,911.71, Japan's Nikkei 225 fell 0.94% to 9,558.30, Singapore's Straits Times Index lost 0.86% to 3,136.48, the Shanghai Composite Index down 0.77% to 2,849.07 and South Korea's Kospi fell 0.75% to 2,104.18.
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The 30-stock index fell 0.29% or 4.47 points to 1,536.27, coming off its intra-day high of 1,545,34, weighed by losses including at Genting and Hong Leong Bank.
Gainers beat losers by 502 to 274, while 286 counters traded unchanged. Volume was 811.79 million shares valued at RM1.24 billion.
Among the decliners, Batu Kawan fell 36 sen to RM15.84, Genting lost 28 sen to RM11.12, Tahps 27 sen to RM4.93, United PLANTATION []s 20 sen to RM17.60, Hong Leong Bank 16 sen to RM12.28, Hap Seng 15 sen to RM5.30 and Lafarge Malayan Cement 11 sen to RM7.19.
Latexx shares and warrants slumped after the RM852.03 million buyout plan by Navis Asia VI Management Company Ltd (Navis) was aborted following ''the exclusivity period granted to Navis expiring on May 15.
Latexx warrants fell 35 sen to RM1.90 while its shares lost 26 sen to RM2.40.
Digistar was the most actively traded counter with 26 million shares done. The stock fell two sen to 45 sen.
Other actives included Ingenius Solutions, CME, BDE Gurney, Axiata, ConnectCounty and PJI.
Tradewinds was the top gainer and rose 42 sen to RM9.23; Dutch Lady added 30 sen to RM17.58, Media Prima 23 sen to RM2.90, Tradewinds Plantations 16 sen to RM3.42, Tasek and CBIP 15 sen each to RM8.95 and RM4.31, KLK 14 sen to RM21.16 while C.I. Holdings added 13 sen to RM2.89.
Meanwhile, Asian equities slipped and the dollar strengthened on Monday with further gains seen as renewed concerns of a possible euro zone debt restructuring prompted market players to reduce risk, according to Reuters.
At the regional markets, Hong Kong's Hang Seng Index lost 1.36% to 22,960.63, Taiwan's Taiex fell 1.05% to 8,911.71, Japan's Nikkei 225 fell 0.94% to 9,558.30, Singapore's Straits Times Index lost 0.86% to 3,136.48, the Shanghai Composite Index down 0.77% to 2,849.07 and South Korea's Kospi fell 0.75% to 2,104.18.
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