KUALA LUMPUR: Key Asia markets were mostly in the red at the midday break on Tuesday, May 24'' while the FBM KLCI was marginally lower though the broader market continued display caution after the weak closing on Wall Street and worries about the Europe debt crisis.
At 12.30pm, the FBM KLCI was down 1.07 points to 1,527.91. Turnover was 341.09 million shares valued at RM561.63 million. There were 250 gainers, 354 losers and 290 stocks unchanged.
Japan's Nikkei 225 inched up 0.1% to 9,470.40, Hong Kong's Hang Seng Index added just 0,07% to 22,726.44, Shanghai's Composite Index fell 0.68% to 2,755.79 while Taiwan's Taixe lost 0.11% to 8,737.72. South Korea's Kospi inched up 0.34% to 2,062.78 and Singapore's Straits Times Index added 0.06% 3,112.27.
US light crude oil rose 52 cents to US$98.22, crude palm oil futures gained RM20 to RM3,375 and the ringgit strengthened against the US dollar to 3.0525 compared with the previous close of 3.0618.
At Bursa Malaysia, there was some funds nibbling on selected index-linked stocks which had fallen over the past few days as they viewed the selling was overdone and these included HLFG and HL Bank.
Among the decliners were Maybank, down six sen to RM8.74, CIMB and AMMB two sen each to RM8.22 and RM6.38. Genting fell six sen to RM11 and Genting Malaysia two sen to RM3.52.
Pharmaniaga fell the most, down 40 sen to Rm5.60, Allianz-PA 22 sen to RM4.93 and Allianz eight sen to RM4.99. Smaller PLANTATION []s were also among the top losers, with BLD Plantations doen 20 sen to RM5.40, Tradewinds Plantations and Batu Kawan 10 sen each to RM3.85 and RM16.10.
Among the advancers,'' Nestle rose 30 sen to RM47.80 with 100 shares done, Esso 30 sen to RM5.56 while HLFG added 14 sen to RM11.40 and HL Bank four sen to RM11.84.
Telekom Malaysia rose 10 sen to RM3.82 after its dividends went ex. Tenaga added 10 sen to RM6.32 on expectations of a tariff hike when the Cabinet meets on Wednesday.
Quality rose 13 sen to RM1.38 and Puncak Niaga two sen to RM2.10 after their joint venture inked a RM667.32 million rural water supply project in Sarawak.
At 12.30pm, the FBM KLCI was down 1.07 points to 1,527.91. Turnover was 341.09 million shares valued at RM561.63 million. There were 250 gainers, 354 losers and 290 stocks unchanged.
Japan's Nikkei 225 inched up 0.1% to 9,470.40, Hong Kong's Hang Seng Index added just 0,07% to 22,726.44, Shanghai's Composite Index fell 0.68% to 2,755.79 while Taiwan's Taixe lost 0.11% to 8,737.72. South Korea's Kospi inched up 0.34% to 2,062.78 and Singapore's Straits Times Index added 0.06% 3,112.27.
US light crude oil rose 52 cents to US$98.22, crude palm oil futures gained RM20 to RM3,375 and the ringgit strengthened against the US dollar to 3.0525 compared with the previous close of 3.0618.
At Bursa Malaysia, there was some funds nibbling on selected index-linked stocks which had fallen over the past few days as they viewed the selling was overdone and these included HLFG and HL Bank.
Among the decliners were Maybank, down six sen to RM8.74, CIMB and AMMB two sen each to RM8.22 and RM6.38. Genting fell six sen to RM11 and Genting Malaysia two sen to RM3.52.
Pharmaniaga fell the most, down 40 sen to Rm5.60, Allianz-PA 22 sen to RM4.93 and Allianz eight sen to RM4.99. Smaller PLANTATION []s were also among the top losers, with BLD Plantations doen 20 sen to RM5.40, Tradewinds Plantations and Batu Kawan 10 sen each to RM3.85 and RM16.10.
Among the advancers,'' Nestle rose 30 sen to RM47.80 with 100 shares done, Esso 30 sen to RM5.56 while HLFG added 14 sen to RM11.40 and HL Bank four sen to RM11.84.
Telekom Malaysia rose 10 sen to RM3.82 after its dividends went ex. Tenaga added 10 sen to RM6.32 on expectations of a tariff hike when the Cabinet meets on Wednesday.
Quality rose 13 sen to RM1.38 and Puncak Niaga two sen to RM2.10 after their joint venture inked a RM667.32 million rural water supply project in Sarawak.
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