Friday, August 26, 2011

Blue chips drag KLCI lower in early trade

KUALA LUMPUR: Key blue chips fell in early trade on Friday, Aug 26 in line with most key regional markets, with many investors opting for the sidelines ahead of a key speech by Federal Reserve Chairman Ben Bernanke on the US economy.

At 9.05am, the FBM KLCI lost 11.62 points to 1,453.12.

CIMB was the most actively traded counter with 2.25 million shares done. The stock extended its losses by 20 sen to RM7.05.

Other early decliners included HLFG, Hong Leong Bank, CIMB, QSR, MISC, Genting and IOI Corp.

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