KUALA LUMPUR: The FBM KLCI slipped into the red at mid-morning on Wednesday, June 1 as mild profit taking chipped off away some of its gains from a day earlier, as regional markets were mostly subdued following the grim US macro economic data.
US single-family home prices dropped in March, dipping below their 2009 low, according to the S&P/Case-Shiller composite index of 20 metropolitan areas, according to Reuters.
A separate report showed an unexpected drop in May consumer confidence, while the Institute for Supply Management-Chicago said business activity in the U.S. Midwest grew much less than expected in May, it said.
The FBM KLCI shed 2.33 points to 1,555.96 at 10am,
Losers led gainers by 258 to 156, while 208 counters traded unchanged. Volume was 150.59 million shares valued at RM231.66 million.
At the regional markets, Japan's Nikkei 225 edged up 0.02% to 9,695.92, Hong Kong's Hang Seng Index added 0.04% to 23,693.45, Taiwan's Taiex rose 0.60% to 9,042.58, South Korea's Kospi gained 0.24% to 2,147.66 and Singapore's Straits Times Index was up 0.25% to 3,167.70.
Meanwhile, the Shanghai Composite Index shed 0.34% to 2,734.27.
Malayan Flour Mills fell 44 sen to RM8, and was the top loser at mid-morning.
Tradewinds lost 42 sen to RM8.91, APM automotive and Faber fell 21 sen each to RM4.99 and RM1.90, Hong Leong Bank 10 sen to RM12.20, KYM nine sen to RM2.32, while DiGi, KLK, Mudajaya and Maybank fell eight sen each to RM28.42, RM21.92, RM4.60 and RM8.83 respectively.
RHB Capital rose 86 sen to RM10.08 after CIMB and Maybank yesterday announced separately that each had received Bank Negara's approval to start possible merger talks with the bank.
BLD PLANTATION []s added 67 sen to RM6.10, Ajinomoto rose 13 sen to RM4.19, Lafarge Malayan Cement and Sarawak Oil Palms 11 sen each to RM7.30 and RM3.78, Asia File nine sen to RM3.97 while Petronas Gas, Hap Seng and HLFG added eight sen each to RM11.40, RM5.24 and RM11.98 respectively.
Karambunai was the most actively traded counter with 21.5 million shares done. The stock fell 1.5 sen to 19 sen.
Other actives included UEM Land, Tenaga, Jotech, Berjaya Corp and CIMB.
US single-family home prices dropped in March, dipping below their 2009 low, according to the S&P/Case-Shiller composite index of 20 metropolitan areas, according to Reuters.
A separate report showed an unexpected drop in May consumer confidence, while the Institute for Supply Management-Chicago said business activity in the U.S. Midwest grew much less than expected in May, it said.
The FBM KLCI shed 2.33 points to 1,555.96 at 10am,
Losers led gainers by 258 to 156, while 208 counters traded unchanged. Volume was 150.59 million shares valued at RM231.66 million.
At the regional markets, Japan's Nikkei 225 edged up 0.02% to 9,695.92, Hong Kong's Hang Seng Index added 0.04% to 23,693.45, Taiwan's Taiex rose 0.60% to 9,042.58, South Korea's Kospi gained 0.24% to 2,147.66 and Singapore's Straits Times Index was up 0.25% to 3,167.70.
Meanwhile, the Shanghai Composite Index shed 0.34% to 2,734.27.
Malayan Flour Mills fell 44 sen to RM8, and was the top loser at mid-morning.
Tradewinds lost 42 sen to RM8.91, APM automotive and Faber fell 21 sen each to RM4.99 and RM1.90, Hong Leong Bank 10 sen to RM12.20, KYM nine sen to RM2.32, while DiGi, KLK, Mudajaya and Maybank fell eight sen each to RM28.42, RM21.92, RM4.60 and RM8.83 respectively.
RHB Capital rose 86 sen to RM10.08 after CIMB and Maybank yesterday announced separately that each had received Bank Negara's approval to start possible merger talks with the bank.
BLD PLANTATION []s added 67 sen to RM6.10, Ajinomoto rose 13 sen to RM4.19, Lafarge Malayan Cement and Sarawak Oil Palms 11 sen each to RM7.30 and RM3.78, Asia File nine sen to RM3.97 while Petronas Gas, Hap Seng and HLFG added eight sen each to RM11.40, RM5.24 and RM11.98 respectively.
Karambunai was the most actively traded counter with 21.5 million shares done. The stock fell 1.5 sen to 19 sen.
Other actives included UEM Land, Tenaga, Jotech, Berjaya Corp and CIMB.
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