KUALA LUMPUR: The FBM KLCI remained in negative territory at the mid-day break on Monday, June 6 in line with the tepid global market sentiment following the less-than-encouraging economic data released in the US last week.
The weakest U.S. jobs growth in eight months in May reflected a global business cycle shifting to slower growth and confirmed what many investors had been already anticipating by taking a defensive stance in their portfolios, according to Reuters.
The two outstanding questions for them are if the synchronised slowdown reflected in industrial indicators around the globe is a warning of something worse on the horizon and whether monetary policy can again come to the rescue of major economies this time, it said.
On Bursa Malaysia, the FBM KLCI fell 0.28% or 4.40 points to 1,555.45 at 12.30pm, weighed by losses including at banking stocks and select blue chips.
Losers beat gainers by 372 to 199, while 287 counters traded unchanged. Volume was 306.56 million shares valued at RM364.73 million.
At the regional markets, Japan's Nikkei 225 fell 0.71% to 9,425.17, Singapore's Straits Times Index lost 0.53% to 3,129.04 and Australia's S&P/ASX 200 Index was down 0.37% to 4,566.10.
The stock markets in Hong Kong, China, Taiwan and South Korea are closed today for public holidays.
Nestle was the top loser at mid-day and fell 46 sen to RM47.50; Pharmaniaga lost 30 sen to RM5.60, Tahps 15 sen to RM4.65, KLK and Genting lost 14 sen each to RM21.94 and RM11.06, Inno 10 sen sen to RM1.24 and Panasonic fell eight sen to RM23.92.
Among banks, Hong Leong Bank fell four sen to RM12.52, RHB Capital five sen to RM9.93, CIMB three sen to RM8.31 and AMMB two sen to RM6.45.
Tejari was the most actively traded counter with 26.9 million shares done. The stock was unchanged at 7 sen.
Other actives included Scomi, HWGB, Asia Media, SAAG, KNM, Focus and Maybank.
Tradewinds was the top gainer and added 73 sen to RM10.22; Delloyd rose 17 sen to RM5.35, Bernas 13 sen to RM2.95, BLD PLANTATION []s 12 sen to RM6.50, Shell and HLFG 10 sen each to RM10.80 and RM12.12 while Latexx rose nine sen to RM2.23.
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The weakest U.S. jobs growth in eight months in May reflected a global business cycle shifting to slower growth and confirmed what many investors had been already anticipating by taking a defensive stance in their portfolios, according to Reuters.
The two outstanding questions for them are if the synchronised slowdown reflected in industrial indicators around the globe is a warning of something worse on the horizon and whether monetary policy can again come to the rescue of major economies this time, it said.
On Bursa Malaysia, the FBM KLCI fell 0.28% or 4.40 points to 1,555.45 at 12.30pm, weighed by losses including at banking stocks and select blue chips.
Losers beat gainers by 372 to 199, while 287 counters traded unchanged. Volume was 306.56 million shares valued at RM364.73 million.
At the regional markets, Japan's Nikkei 225 fell 0.71% to 9,425.17, Singapore's Straits Times Index lost 0.53% to 3,129.04 and Australia's S&P/ASX 200 Index was down 0.37% to 4,566.10.
The stock markets in Hong Kong, China, Taiwan and South Korea are closed today for public holidays.
Nestle was the top loser at mid-day and fell 46 sen to RM47.50; Pharmaniaga lost 30 sen to RM5.60, Tahps 15 sen to RM4.65, KLK and Genting lost 14 sen each to RM21.94 and RM11.06, Inno 10 sen sen to RM1.24 and Panasonic fell eight sen to RM23.92.
Among banks, Hong Leong Bank fell four sen to RM12.52, RHB Capital five sen to RM9.93, CIMB three sen to RM8.31 and AMMB two sen to RM6.45.
Tejari was the most actively traded counter with 26.9 million shares done. The stock was unchanged at 7 sen.
Other actives included Scomi, HWGB, Asia Media, SAAG, KNM, Focus and Maybank.
Tradewinds was the top gainer and added 73 sen to RM10.22; Delloyd rose 17 sen to RM5.35, Bernas 13 sen to RM2.95, BLD PLANTATION []s 12 sen to RM6.50, Shell and HLFG 10 sen each to RM10.80 and RM12.12 while Latexx rose nine sen to RM2.23.
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