KUALA LUMPUR: The market fell in early trade on Wednesday, May 4, with Genting among the losers, as investors remained wary after the weaker overnight close on Wall Street on concerns about earnings growth.
At 9.41am, the FBM KLCI was down 2.31 points to 1,529.16. Turnover was 185.26 million shares valued at RM127.76 million. There were 90 gainers, 279 losers and 184 stocks unchanged.
Hwang DBS Vickers Research (HDBSVR) said the key FBM KLCI may come under renewed selling pressures on Wednesday,'' possibly dropping below the first support level of 1,530. It said the KLCI's immediate downside risk will likely be cushioned by the 30-day moving average line, which currently stands at 1,525.
'This comes as there is an absence of fresh market leads particularly from abroad. Overnight, U.S. equity indices ended between flat and slightly weaker as commodity prices eased,' it said
Petronas Dagangan fell the most, down 22 sen to RM15.08, Dutch Lady shed 14 sen to RM17.22 in thin trade while MBSB lost 14 sen also to RM1.49 and Genting, down 12 sen to RM11.30.
Fitters fell 11 sen to 96 sen as it faced suspension for failing to submit its annual audited financial statements for FY ended Dec 31, 2010.
Ramunia lost nine sen to 55 sen and the warrants 7.5 sen to 39.5 sen in active trade as investors were cautious about its proposed capital revamp plan.
Among the gainers were DiGi, up 20 sen to RM29.80, PPB 18 sen tyo RM17.14 and HL Bank 12 sen to RM10.54.
At 9.41am, the FBM KLCI was down 2.31 points to 1,529.16. Turnover was 185.26 million shares valued at RM127.76 million. There were 90 gainers, 279 losers and 184 stocks unchanged.
Hwang DBS Vickers Research (HDBSVR) said the key FBM KLCI may come under renewed selling pressures on Wednesday,'' possibly dropping below the first support level of 1,530. It said the KLCI's immediate downside risk will likely be cushioned by the 30-day moving average line, which currently stands at 1,525.
'This comes as there is an absence of fresh market leads particularly from abroad. Overnight, U.S. equity indices ended between flat and slightly weaker as commodity prices eased,' it said
Petronas Dagangan fell the most, down 22 sen to RM15.08, Dutch Lady shed 14 sen to RM17.22 in thin trade while MBSB lost 14 sen also to RM1.49 and Genting, down 12 sen to RM11.30.
Fitters fell 11 sen to 96 sen as it faced suspension for failing to submit its annual audited financial statements for FY ended Dec 31, 2010.
Ramunia lost nine sen to 55 sen and the warrants 7.5 sen to 39.5 sen in active trade as investors were cautious about its proposed capital revamp plan.
Among the gainers were DiGi, up 20 sen to RM29.80, PPB 18 sen tyo RM17.14 and HL Bank 12 sen to RM10.54.
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