KUALA LUMPUR: The FBM KLCI pared down some of its losses at the mid-day break on Thursday, June 16 as most key regional markets fell to their lowest in nearly three months on fears of a deeper global economic slowdown.
Muhibbah Engineering came under selling pressure on the negative surprise about the impact from news report about Asia Petroleum Hub (APH) -- ''which it undertook, a project for -- faced receivership.
Rising tensions in the euro zone and data showing the US economy is facing a troubling mix of weaker growth and higher prices triggered heavy selling on Wall Street, added to pressure on Asian equity markets and other riskier assets, Reuters report
Investors were also awaiting further US data later Thursday including housing starts, jobless claims and the Federal Reserve Bank of Philadelphia business outlook survey for better assessment of the state of the US economy.
At 12.30pm, the FBM KLCI shed 0.22% or 3.50 points to 1,552.69. The index had earlier fallen to its intra morning low of 1,549.65. Market breadth was negative with losers beating gainers by 461 to 149, while 258 counters traded unchanged. Volume was 392.93 million shares valued at RM635.18 million.
The ringgit weakened 0.45% to 3.0461 versus the US dollar; crude palm futures for the third month delivery shed RM24 per tonne to RM3,246, crude oil rose 67 cents per barrel to US$95.48 and gold fell US$4.78 an ounce to US$1,526.10.
Nikkei 225 -1.22% 9,457.08 Hang Seng Index
-1.45% 22,020.08 Shanghai Composite Index -0.97% 2,679.13 Taiwan's Taiex -1.63% 8,687.50 Kospi -1.67% 2,051.69 Straits Times Index -0.87% 3,028.24 ''
''
On Bursa Malaysia, Muhibbah Engineering came under selling pressure on the negative surprise about the impact from news report about Asia Petroleum Hub (APH) -- ''which it undertook, a project for -- faced receivership.
Muhibbah fell 35 sen to RM1.55 with 25.8 million shares done while Favelle Favco lost 20 sen to RM1.60 with 885,100 shares traded.
BLD PLANTATION []s fell 26 sen to RM6.82, Malayan Flour Mills 25 sen to RM7.25, Hong Leong Bank 22 sen to RM12.76, Panasonic, Petronas Gas and Tradewinds fell 16 sen each to RM24, RM12.34 and RM10.52 respectively, Petronas Chemicals down 15 sen to RM7.03 and JT International fell 14 sen to RM7.12.
Among the gainers, HPI added 24 sen to RM4.17, Milux 15 sen to RM1.27, Tien Wah 13 sen to RM1.79, BDB 12 sen to RM1.26, Tahps and MISC 10 sen each to RM4.80 and RM7.30, while Cycle & Carriage added eight sen to RM4.58.
The actives included SAAG, Tricubes, Compugates, Focus, Axiata and Careplus.
Muhibbah Engineering came under selling pressure on the negative surprise about the impact from news report about Asia Petroleum Hub (APH) -- ''which it undertook, a project for -- faced receivership.
Rising tensions in the euro zone and data showing the US economy is facing a troubling mix of weaker growth and higher prices triggered heavy selling on Wall Street, added to pressure on Asian equity markets and other riskier assets, Reuters report
Investors were also awaiting further US data later Thursday including housing starts, jobless claims and the Federal Reserve Bank of Philadelphia business outlook survey for better assessment of the state of the US economy.
At 12.30pm, the FBM KLCI shed 0.22% or 3.50 points to 1,552.69. The index had earlier fallen to its intra morning low of 1,549.65. Market breadth was negative with losers beating gainers by 461 to 149, while 258 counters traded unchanged. Volume was 392.93 million shares valued at RM635.18 million.
The ringgit weakened 0.45% to 3.0461 versus the US dollar; crude palm futures for the third month delivery shed RM24 per tonne to RM3,246, crude oil rose 67 cents per barrel to US$95.48 and gold fell US$4.78 an ounce to US$1,526.10.
Nikkei 225 -1.22% 9,457.08 Hang Seng Index
-1.45% 22,020.08 Shanghai Composite Index -0.97% 2,679.13 Taiwan's Taiex -1.63% 8,687.50 Kospi -1.67% 2,051.69 Straits Times Index -0.87% 3,028.24 ''
''
On Bursa Malaysia, Muhibbah Engineering came under selling pressure on the negative surprise about the impact from news report about Asia Petroleum Hub (APH) -- ''which it undertook, a project for -- faced receivership.
Muhibbah fell 35 sen to RM1.55 with 25.8 million shares done while Favelle Favco lost 20 sen to RM1.60 with 885,100 shares traded.
BLD PLANTATION []s fell 26 sen to RM6.82, Malayan Flour Mills 25 sen to RM7.25, Hong Leong Bank 22 sen to RM12.76, Panasonic, Petronas Gas and Tradewinds fell 16 sen each to RM24, RM12.34 and RM10.52 respectively, Petronas Chemicals down 15 sen to RM7.03 and JT International fell 14 sen to RM7.12.
Among the gainers, HPI added 24 sen to RM4.17, Milux 15 sen to RM1.27, Tien Wah 13 sen to RM1.79, BDB 12 sen to RM1.26, Tahps and MISC 10 sen each to RM4.80 and RM7.30, while Cycle & Carriage added eight sen to RM4.58.
The actives included SAAG, Tricubes, Compugates, Focus, Axiata and Careplus.
No comments:
Post a Comment