KUALA LUMPUR: The FBM KLCI gave up its gains the morning session on Thursday, June 9 and slipped to close in the red as most key regional markets extended their losses on concerns of a slowdown in economic growth.
Wall Street had fallen for a sixth day on Wednesday after the Federal Reserve's Beige Book offered fresh evidence of an economic slowdown.
It reinforced Fed chief Ben Bernanke's bearish assessment on growth on Tuesday, according to Reuters.
In Malaysia, production output in April fell 2.2% year-on-year and was lower 7.6% month-on-month, suggesting a soft patch going into 2Q.
The FBM KLCI shed 0.90 point to 1,550.89, weighed by losses including at Tenaga, PPB, Genting PLANTATION [] and Maybank.
Gainers trailed losers by 330 to 374, while 347 counters traded unchanged. Volume was 697.44 million shares valued at RM1.36 billion.
At the regional markets, the Shanghai Composite Index fell 1.71% to 2,703.35, South Korea's Kospi lost 0.57% to 2,071.42, Hong Kong's Hang Seng Index was down 0.23% to 22,609.83, Singapore's Straits Times Index shed 0.17% to 3,097.57 and Taiwan's Taiex slipped 0.07% to 9,000.94.
Meanwhile, Japan's Nikkei 225 edged up 0.19% to 9,467.15.
On Bursa Malaysia, Tenaga fell nine sen to RM6.80, RHB Capital lost four sen to RM9.90, PPB and Genting Plantation down two sen each to RM17.48 and RM7.92, while Maybank and Axiata lost one sen each to RM8.77 and RM4.86.
Other decliners included NSOP and Fima Corp that fell 18 sen each to RM5.52 and RM6.12, SHL down 15 sen to RM1.33, Cepco 14 sen to RM2.02, BLD Plantations 12 sen to RM7.16, Ta Ann 11 sen to RM6.69 while UMW lost 10 sen to RM7.15.
MAA was the most actively traded counter with 68.8 million shares done. The stock slumped 27 sen to RM1.11 as investors were disappointed over the price which it had proposed to sell its insurance unit.
Other actives included Focus, Axiata, Asia Media, CIMB, Petronas Chemicals and KNM.
Among the gainers, HLFG and Warisan rose 32 sen each to RM12.50 and RM2.55, United Plantations and Pharmaniaga up 30 sen each to RM19.30 and RM5.90, Aeon Credit 28 sen to RM4.99, Boustead 27 sen to RM6.43, MMHE 22 sen to RM8.47 and SapuraCrest up 14 sen to RM4.20.
Wall Street had fallen for a sixth day on Wednesday after the Federal Reserve's Beige Book offered fresh evidence of an economic slowdown.
It reinforced Fed chief Ben Bernanke's bearish assessment on growth on Tuesday, according to Reuters.
In Malaysia, production output in April fell 2.2% year-on-year and was lower 7.6% month-on-month, suggesting a soft patch going into 2Q.
The FBM KLCI shed 0.90 point to 1,550.89, weighed by losses including at Tenaga, PPB, Genting PLANTATION [] and Maybank.
Gainers trailed losers by 330 to 374, while 347 counters traded unchanged. Volume was 697.44 million shares valued at RM1.36 billion.
At the regional markets, the Shanghai Composite Index fell 1.71% to 2,703.35, South Korea's Kospi lost 0.57% to 2,071.42, Hong Kong's Hang Seng Index was down 0.23% to 22,609.83, Singapore's Straits Times Index shed 0.17% to 3,097.57 and Taiwan's Taiex slipped 0.07% to 9,000.94.
Meanwhile, Japan's Nikkei 225 edged up 0.19% to 9,467.15.
On Bursa Malaysia, Tenaga fell nine sen to RM6.80, RHB Capital lost four sen to RM9.90, PPB and Genting Plantation down two sen each to RM17.48 and RM7.92, while Maybank and Axiata lost one sen each to RM8.77 and RM4.86.
Other decliners included NSOP and Fima Corp that fell 18 sen each to RM5.52 and RM6.12, SHL down 15 sen to RM1.33, Cepco 14 sen to RM2.02, BLD Plantations 12 sen to RM7.16, Ta Ann 11 sen to RM6.69 while UMW lost 10 sen to RM7.15.
MAA was the most actively traded counter with 68.8 million shares done. The stock slumped 27 sen to RM1.11 as investors were disappointed over the price which it had proposed to sell its insurance unit.
Other actives included Focus, Axiata, Asia Media, CIMB, Petronas Chemicals and KNM.
Among the gainers, HLFG and Warisan rose 32 sen each to RM12.50 and RM2.55, United Plantations and Pharmaniaga up 30 sen each to RM19.30 and RM5.90, Aeon Credit 28 sen to RM4.99, Boustead 27 sen to RM6.43, MMHE 22 sen to RM8.47 and SapuraCrest up 14 sen to RM4.20.
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