KUALA LUMPUR: The FBM KLCI extended its losses in early trade on Monday, Aug 22 in line with the decline at key regional markets following the weaker close at Wall Street last Friday.
A resurgence of fears of the U.S. falling back into recession and Europe's continuing debt problems weighed on investors and sent stocks falling in the US last week, with Wall Street ending a fourth week of losses with no let-up in the negative sentiment.
The FBM KLCI fell 11.43 points to 1,472.55 at 9.05am. Losers led gainers by 114 to 36, while 74 counters traded unchanged.
Among the top losers were BAT, SapuraCrest, Genting PLANTATION []s, MMHE, DiGi, Bursa, Tenaga, Hong Leong Bank and Tradewinds.
A resurgence of fears of the U.S. falling back into recession and Europe's continuing debt problems weighed on investors and sent stocks falling in the US last week, with Wall Street ending a fourth week of losses with no let-up in the negative sentiment.
The FBM KLCI fell 11.43 points to 1,472.55 at 9.05am. Losers led gainers by 114 to 36, while 74 counters traded unchanged.
Among the top losers were BAT, SapuraCrest, Genting PLANTATION []s, MMHE, DiGi, Bursa, Tenaga, Hong Leong Bank and Tradewinds.
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