KUALA LUMPUR: Key regional markets were mired in the red on Thursday, July 28 as weak US economic data and a deadlock in talks to raise the world's largest economy's debt ceiling spooked investors.
Concerns over a recovery in the US economy remain unabated with new orders for long-lasting US manufactured goods falling unexpectedly in June, weighed down by weak receipts for transportation equipment.
On Bursa Malaysia, the FBM KLCI fell 8.35 points to 1,549.82 at the mid-day break weighed by losses at blue chips.
Market breadth was negative as losers beat gainers by 482 to 162, while 269 counters traded unchanged. Volume was 563.94 million shares valued at RM760.63 million.
The ringgit weakened 0.44% to 2,9518 versus the US dollar; crude palm oil futures for the third month delivery fel l RM35 per tonne to RM3,095, crude oil slipped 15 cents per barrel to US$97.25 while gold rose US$1.30 an ounce to US$1,614.95.
At the regional markets, Japan's Nikkei 225 fell 1.43% to 9,903.29, Hong Kong's Hang Seng Index lost 1.03% to 22,308.44, the Shanghai Composite Index down 0.93% to 2,698.28, Taiwan's Taiex gave up 0.77% to 8,749.57, South Korea's Kospi down 0.75% to 2,158.09 and Singapore's Straits Times Index shed 0.53% to 3,176.58.
Among the losers this morning, PPB fell 26 sen to RM17.24, BAT 22 sen to RM46.34, Hong Leong Bank 20 sen to RM13.30, F&N 18 sen to RM19.40, Subur Tiasa and MISC 15 sen each to RM2.54 and RM7.68. Bursa and CI Holdings 13 sen each to RM7.80 and RM4.21, while Petronas Gas fell 12 sen to RM13.26.
Nestle topped the gainers and was up 24 sen to RM47.66, Kenmark 19 sen to RM1.20, Ingress 12.5 sen to 98 sen and PJ Bumi 8.5 sen to 33 sen.
The actives included Bumi Armada warrants, Hubline, Ingenuity Solutions, Olympia and Petronas Chemicals.
Concerns over a recovery in the US economy remain unabated with new orders for long-lasting US manufactured goods falling unexpectedly in June, weighed down by weak receipts for transportation equipment.
On Bursa Malaysia, the FBM KLCI fell 8.35 points to 1,549.82 at the mid-day break weighed by losses at blue chips.
Market breadth was negative as losers beat gainers by 482 to 162, while 269 counters traded unchanged. Volume was 563.94 million shares valued at RM760.63 million.
The ringgit weakened 0.44% to 2,9518 versus the US dollar; crude palm oil futures for the third month delivery fel l RM35 per tonne to RM3,095, crude oil slipped 15 cents per barrel to US$97.25 while gold rose US$1.30 an ounce to US$1,614.95.
At the regional markets, Japan's Nikkei 225 fell 1.43% to 9,903.29, Hong Kong's Hang Seng Index lost 1.03% to 22,308.44, the Shanghai Composite Index down 0.93% to 2,698.28, Taiwan's Taiex gave up 0.77% to 8,749.57, South Korea's Kospi down 0.75% to 2,158.09 and Singapore's Straits Times Index shed 0.53% to 3,176.58.
Among the losers this morning, PPB fell 26 sen to RM17.24, BAT 22 sen to RM46.34, Hong Leong Bank 20 sen to RM13.30, F&N 18 sen to RM19.40, Subur Tiasa and MISC 15 sen each to RM2.54 and RM7.68. Bursa and CI Holdings 13 sen each to RM7.80 and RM4.21, while Petronas Gas fell 12 sen to RM13.26.
Nestle topped the gainers and was up 24 sen to RM47.66, Kenmark 19 sen to RM1.20, Ingress 12.5 sen to 98 sen and PJ Bumi 8.5 sen to 33 sen.
The actives included Bumi Armada warrants, Hubline, Ingenuity Solutions, Olympia and Petronas Chemicals.
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