KUALA LUMPUR: The FBM KLCI extended its losses at the mid-day break on Monday, July 11 in line with the tepid sentiment at key regional markets.
Asian stocks dropped on Monday as a spate of weak economic data from China and the U.S. renewed concerns about the health of the global economy although sharp declines look unlikely before an emergency meeting to stem the spreading debt crisis, according to Reuters.
The FBM KLCI fell 0.58% or 9.24 points to 1,585.50, weighed by losses at blue chips, including BAT, Hong Leong Bank, DiGi and HLFG.
Losers beat gainers by 373 to 183, while 278 counters traded unchanged. Volume was 347.85 million shares valued at RM502.69 million.
The ringgit weakened 0.44% to 3.0055 versus the US dollar; crude palm oil futures for the third month delivery gained RM8 per tonne to RM3,086, crude oil shed 49 cents per barrel to US%95.71 while gold fell 15 cents an ounce to US%1,544.
At the regional markets, Japan's Nikkei 225 was down 0.76% to 10,061.09, Hong Kong's Hang Seng Index lost 0.88% to 22,525.47, Taiwan's Taiex fell 1.11% to 8,652.08, South Korea's Kospi down 0.95% to 2,159.67 and Singapore's Straits Times Index shed 0.72% to 3,128.68.
Meanwhile, the Shanghai Composite Index edged up 0.09% to 2,800.18.
On Bursa Malaysia, BAT was the top loser this morning and fell 52 sen to RM46.18; Dutch Ladu lost 26 sen to RM19.10, Hong Leong Bank and Petronas Gas down 18 sen each to RM13.56 and RM13.82, DiGi 16 sen to RM29.84, Tasek, Kotra, HLFG and Glenealy down 10 sen each to RM7.85, 48 sen, RM13.40 and RM5.75 respectively, Genting Malaysia nine sen to RM3.77 and Petronas Chemicals down four sen to RM7.07.
XDL was the most actively traded counter with 29/7 million shares done. The stock fell one sen to 39.5 sen.
Other actives included Key West, DVM, Petronas Chemicals and Genting Malaysia.
Among the gainers, Nestle rose 40 sen to RM47.70, Petronas Dagangan 25 sen to RM17.36, Asia File 22 sen to RM4.20, Muda 14.5 sen to RM1.05, BIMB 14 sen to RM2.44, KLK 12 sen to RM22.78, AFG 11 sen to RM3.57 and CI Holdings 10 sen to RM3.50.
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Asian stocks dropped on Monday as a spate of weak economic data from China and the U.S. renewed concerns about the health of the global economy although sharp declines look unlikely before an emergency meeting to stem the spreading debt crisis, according to Reuters.
The FBM KLCI fell 0.58% or 9.24 points to 1,585.50, weighed by losses at blue chips, including BAT, Hong Leong Bank, DiGi and HLFG.
Losers beat gainers by 373 to 183, while 278 counters traded unchanged. Volume was 347.85 million shares valued at RM502.69 million.
The ringgit weakened 0.44% to 3.0055 versus the US dollar; crude palm oil futures for the third month delivery gained RM8 per tonne to RM3,086, crude oil shed 49 cents per barrel to US%95.71 while gold fell 15 cents an ounce to US%1,544.
At the regional markets, Japan's Nikkei 225 was down 0.76% to 10,061.09, Hong Kong's Hang Seng Index lost 0.88% to 22,525.47, Taiwan's Taiex fell 1.11% to 8,652.08, South Korea's Kospi down 0.95% to 2,159.67 and Singapore's Straits Times Index shed 0.72% to 3,128.68.
Meanwhile, the Shanghai Composite Index edged up 0.09% to 2,800.18.
On Bursa Malaysia, BAT was the top loser this morning and fell 52 sen to RM46.18; Dutch Ladu lost 26 sen to RM19.10, Hong Leong Bank and Petronas Gas down 18 sen each to RM13.56 and RM13.82, DiGi 16 sen to RM29.84, Tasek, Kotra, HLFG and Glenealy down 10 sen each to RM7.85, 48 sen, RM13.40 and RM5.75 respectively, Genting Malaysia nine sen to RM3.77 and Petronas Chemicals down four sen to RM7.07.
XDL was the most actively traded counter with 29/7 million shares done. The stock fell one sen to 39.5 sen.
Other actives included Key West, DVM, Petronas Chemicals and Genting Malaysia.
Among the gainers, Nestle rose 40 sen to RM47.70, Petronas Dagangan 25 sen to RM17.36, Asia File 22 sen to RM4.20, Muda 14.5 sen to RM1.05, BIMB 14 sen to RM2.44, KLK 12 sen to RM22.78, AFG 11 sen to RM3.57 and CI Holdings 10 sen to RM3.50.
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