KUALA LUMPUR: The FBM KLCI was firmly entrenched below the 1,570- level at the mid-day break on Monday, July 18 as index-linked banking and PLANTATION [] stocks declined.
CIMB and Maybank fell on reports that the central bank of Indonesia could introduce a cap on foreign ownership in local banks later this year.
The FBM KLCI fell 10.74 points to 1,566.51 at 12.30pm.Volume was 319.08 million shares valued at RM465.99 million.Losers beat gainers by 492 to 110.
The ringgit weakened 0.12% to 3.0104 versus the US dollar; crude palm oil futures for the third month delivery lost RM24 per tonne to RM3,091, crude oil slipped 12 cents to US$97.12 while gold rose US$2.85 an ounce to US$1,596.40.
Hong Kong's Hang Seng Index rose 0.20% to 21,919.65 and Singapore's Straits Times Index edged up 0.10% to 3,087.23.
Meanwhile, South Korea's Kospi fell 0.66% to 2,130.99, Taiwan's Taiex lost 0.20% to 8,557.86 and the Shanghai Composite Index shed 0.11% to 2,817.18.
Japan stocks markets were closed to observe the Marine Day national holiday.
On Bursa Malaysia, CIMB fell 19 sen to RM8.56, Maybank and AMMB five sen each to RM8.82 and RM6.35, Public Bank six sen to RM13.32, RHB Capital four sen to RM8.99 and Hong Leong Bank two sen to RM13.58.
Among plantations, KLK lost 20 sen to RM21.46, PPB 14 sen to RM17.30, IOI Corp seven sen to RM5.23, Batu Kawan six sen to RM16.62 and Sime Darby two sen to RM9.10.
Other decliners included Tradewinds, Harrisons, Petronas Dagangan, Dutch Lady, TSM and SapuraCrest.
Hubline was the most actively traded counter with 14.16 million shares done. The stock shed half a sen to 10 sen.
Other actives included Kurnia Asia, CIMB, Key West, XDL, DVM, Axiata, E&O and Frontken.
Among gainers, Sindora rose 41 sen to RM2.40, MAHB and CI Holdings 21 sen each to RM6.47 and RM4.01, KFCH 12 sen to RM3.94 while Toyo Ink and Petra Energy up eight sen to RM1.55 and RM1.58.
Meanwhile, Eng Teknologi shares rose 10 sen to RM1.90 before trading was halted at 11.04am. The company said its major shareholders were in discussions that could lead to a privatisation exercise. However, it said it had not received any definitive proposal. Trading of its shares will resume at 2.30pm.
CIMB and Maybank fell on reports that the central bank of Indonesia could introduce a cap on foreign ownership in local banks later this year.
The FBM KLCI fell 10.74 points to 1,566.51 at 12.30pm.Volume was 319.08 million shares valued at RM465.99 million.Losers beat gainers by 492 to 110.
The ringgit weakened 0.12% to 3.0104 versus the US dollar; crude palm oil futures for the third month delivery lost RM24 per tonne to RM3,091, crude oil slipped 12 cents to US$97.12 while gold rose US$2.85 an ounce to US$1,596.40.
Hong Kong's Hang Seng Index rose 0.20% to 21,919.65 and Singapore's Straits Times Index edged up 0.10% to 3,087.23.
Meanwhile, South Korea's Kospi fell 0.66% to 2,130.99, Taiwan's Taiex lost 0.20% to 8,557.86 and the Shanghai Composite Index shed 0.11% to 2,817.18.
Japan stocks markets were closed to observe the Marine Day national holiday.
On Bursa Malaysia, CIMB fell 19 sen to RM8.56, Maybank and AMMB five sen each to RM8.82 and RM6.35, Public Bank six sen to RM13.32, RHB Capital four sen to RM8.99 and Hong Leong Bank two sen to RM13.58.
Among plantations, KLK lost 20 sen to RM21.46, PPB 14 sen to RM17.30, IOI Corp seven sen to RM5.23, Batu Kawan six sen to RM16.62 and Sime Darby two sen to RM9.10.
Other decliners included Tradewinds, Harrisons, Petronas Dagangan, Dutch Lady, TSM and SapuraCrest.
Hubline was the most actively traded counter with 14.16 million shares done. The stock shed half a sen to 10 sen.
Other actives included Kurnia Asia, CIMB, Key West, XDL, DVM, Axiata, E&O and Frontken.
Among gainers, Sindora rose 41 sen to RM2.40, MAHB and CI Holdings 21 sen each to RM6.47 and RM4.01, KFCH 12 sen to RM3.94 while Toyo Ink and Petra Energy up eight sen to RM1.55 and RM1.58.
Meanwhile, Eng Teknologi shares rose 10 sen to RM1.90 before trading was halted at 11.04am. The company said its major shareholders were in discussions that could lead to a privatisation exercise. However, it said it had not received any definitive proposal. Trading of its shares will resume at 2.30pm.
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