KUALA LUMPUR:'' The rebound at Bursa Malaysia was short-lived on Tuesday, Aug 16 in line with the retreat at most key regional markets as concerns of the global economic conditions overshadowed the overnight Google deal with Motorola that had lifted the markets earlier in the day.
Stagnant growth in Europe's powerhouse Germany knocked stocks lower on Tuesday and hit the euro, adding to investor fears that the world economy is slowing more than expected, according to Reuters.
Germany's gross domestic product grew just 0.1% in April-June from the previous quarter, below market expectations for an expansion of 0.5%, it said.
The FBM KLCI fell 1.50 points to 1,498.24 at 5pm, weighed by losses including at PPB, Tenaga, KLK and Petronas Dagangan.
Gainers edged losers by 411 to 393, while 285 counters traded unchanged. Volume was 1.29 billion shares valued at RM1.97 billion.
At the regional markets, the Shanghai Composite Index fell 0.71% to 2,608.17, Hong Kong's Hang Seng Index was down 0.24% to 20,212.08, Singapore's Straits Times Index lost 1.45% to 2,832.73 and Taiwan's Taiex shed 0.27% to 7,798.59.
Meanwhile, South Korea's Kospi soared 4.83% to 1,879.87 and Japan's Nikkei 225 added 0.23% to 9,107.43.
Among the losers, Tahps fell 32 sen to RM4.13, PPB 26 sen to RM16.80, Tenaga 15 sen to RM5.88, OIB 14 sen to RM1.14, MSC 13 sen to RM4.41, KLK and Petronas Dagangan 12 sen each to RM21.10 and RM17.38, while QSR fell nine sen to RM6.
Gainers were led by Nestle that added 50 sen to RM47.90; Petronas Gas rose 38 sen to RM13.56, Genting PLANTATION []s 34 sen to RM7.35, Batu Kawan 22 sen to RM15.86, Fima Corp 16 sen to RM5.73, Mintye15 sen to RM1.25, Parkson 14 sen to RM5.59 and MMHE 12 sen to RM6.64.
The actives included DVM, AirAsia, Dutaland, Sanichi, Perdana, Flonic, HWGB and KNM.
''
Stagnant growth in Europe's powerhouse Germany knocked stocks lower on Tuesday and hit the euro, adding to investor fears that the world economy is slowing more than expected, according to Reuters.
Germany's gross domestic product grew just 0.1% in April-June from the previous quarter, below market expectations for an expansion of 0.5%, it said.
The FBM KLCI fell 1.50 points to 1,498.24 at 5pm, weighed by losses including at PPB, Tenaga, KLK and Petronas Dagangan.
Gainers edged losers by 411 to 393, while 285 counters traded unchanged. Volume was 1.29 billion shares valued at RM1.97 billion.
At the regional markets, the Shanghai Composite Index fell 0.71% to 2,608.17, Hong Kong's Hang Seng Index was down 0.24% to 20,212.08, Singapore's Straits Times Index lost 1.45% to 2,832.73 and Taiwan's Taiex shed 0.27% to 7,798.59.
Meanwhile, South Korea's Kospi soared 4.83% to 1,879.87 and Japan's Nikkei 225 added 0.23% to 9,107.43.
Among the losers, Tahps fell 32 sen to RM4.13, PPB 26 sen to RM16.80, Tenaga 15 sen to RM5.88, OIB 14 sen to RM1.14, MSC 13 sen to RM4.41, KLK and Petronas Dagangan 12 sen each to RM21.10 and RM17.38, while QSR fell nine sen to RM6.
Gainers were led by Nestle that added 50 sen to RM47.90; Petronas Gas rose 38 sen to RM13.56, Genting PLANTATION []s 34 sen to RM7.35, Batu Kawan 22 sen to RM15.86, Fima Corp 16 sen to RM5.73, Mintye15 sen to RM1.25, Parkson 14 sen to RM5.59 and MMHE 12 sen to RM6.64.
The actives included DVM, AirAsia, Dutaland, Sanichi, Perdana, Flonic, HWGB and KNM.
''
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