Thursday, July 28, 2011

FBM KLCI falls in early trade

KUALA LUMPUR: The FBM KLCI fell in early trade on Thursday, July 28 in line with the losses at key regional markets following the overnight slump at Wall Street.

At 9.15am, the 30-stock index lost 6.37 points to 1,551.80, dragged by losses at key blue chip stocks.

Asian markets opened in the red following Wall Street's worst day in eight weeks on worries U.S. lawmakers will fail to raise the debt ceiling ahead of an August 2 deadline and trigger a national default.

Among the early decliners, Hong Leong Bank fell 18 sen to RM13.32, BAT 16 sen to RM46.60, Bursa 12 sen to RM7.81, RHB Capital 11 sen to RM8.09, CIMB nine 8.30, Sime, MMHE and Petronas Chemicals eight sen to RM9.10, RM7.61 and RM6.84 respectively, while PPB lost six sen to RM17.44.

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