KUALA LUMPUR: Blue chips fell again in early trade on Friday, May 6, in line with the general weakness in regional markets, weaker overnight close on Wall Street.
Investors were watching on the sidelines, awaiting for the local funds to take the lead in the market also after Bank Negara Malaysia raised the overnight policy rate and statutory reserve requirement. Banks were expected to gain.
Reuters reported Japan's Nikkei average fell on Friday after Wall Street was hit by a massive sell-off in commodities as a surge in weekly claims for jobless benefits intensified worries over a faltering economic recovery
The benchmark Nikkei was down 1.7% at 9,832.58. The broader Topix shed 1.3% to 854.74.
At Bursa Malaysia, the FBM KLCI was down 2.65 points to 1,518.53. Turnover was 32.16 million shares valued at RM31.35 million. There were 43 gainers, 91 losers and 104 stocks unchanged.
Genting fell again, down 10 sen to RM11.12 while IJM shed eight sen to RM6.10, Petronas Chemicals eight sen lower at RM7 while RHB Cap shed seven sen to RM8.72 and Sime six sen to RM8.91.
Investors were watching on the sidelines, awaiting for the local funds to take the lead in the market also after Bank Negara Malaysia raised the overnight policy rate and statutory reserve requirement. Banks were expected to gain.
Reuters reported Japan's Nikkei average fell on Friday after Wall Street was hit by a massive sell-off in commodities as a surge in weekly claims for jobless benefits intensified worries over a faltering economic recovery
The benchmark Nikkei was down 1.7% at 9,832.58. The broader Topix shed 1.3% to 854.74.
At Bursa Malaysia, the FBM KLCI was down 2.65 points to 1,518.53. Turnover was 32.16 million shares valued at RM31.35 million. There were 43 gainers, 91 losers and 104 stocks unchanged.
Genting fell again, down 10 sen to RM11.12 while IJM shed eight sen to RM6.10, Petronas Chemicals eight sen lower at RM7 while RHB Cap shed seven sen to RM8.72 and Sime six sen to RM8.91.
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