KUALA LUMPUR: The FBM KLCI was weighed down by losses at Tenaga and select blue chips at the mid-day break on Thursday, Aug 18 as most regional markets retreated on still jittery investor sentiment.
Asian stocks fell on Thursday on profit-booking by nervous investors, while the Swiss franc stayed firm after plans to curb the currency disappointed those looking for more drastic action, according to Reuters.
Commodity and TECHNOLOGY [] shares dragged the region's shares lower as investors skimmed off some of this week's gains amid lingering worries on the U.S. economy and eurozone debt, it said.
The FBM KLCI fell 2.88 points to 1,500.19 at 12.30pm. Market breadth turned negative with 331 losers, 205 gainers and 301 counters trading unchanged. Volume was 423.17 million shares valued at RM666.58 million.
The ringgit weakened 0.11% to 2.9797 versus the US dollar; crude palm oil futures lost RM2 per tonne to RM3,031, crude oil shed 39 cents per barrel to US$87.19 while gold fell 35 cents an ounce to US$1,790.90.
At the regional markets, Japan's Nikkei 225 fell 1.14% to 8,954.33, South Korea's Kospi lost 2.46% to 1,846.11, Taiwan's Taiex was down 2.29% to 7.564.36, the Shanghai Composite Index shed 0.34% to 2,592.36, Hong Kong's Hang Seng Index was flat at 20,288.82 while the Singapore Straits Times Index added 0.43% to 2,840.56.
On Bursa Malaysia, Tenaga fell 15 sen to RM5.73 on continuing worries about high fuel costs impacting its financial results in the fourth quarter.
Esso slumped 81 sen to RM4.14 with 10.1 million shares traded after the initial euphoria over San Miguel's offer to buy a controlling 65% stake from ExxonMobil International Holdings Inc in the company fizzled out following its disappointing offer of RM3.50 per share.
Other decliners included Dutch Lady that fell 14 sen to RM18.02, Lafarge Malayan Cement 12 sen to RM6.98, QSR down 11 sen to RM5.99, while BDB, Uzma, Ta Ann, PPB and Hong Leong Bank fell 10 sen each to RM1.08, RM1.75, RM5.33, RM17.08 and RM12.84 respectively.
MAA was the most actively traded counter with 23 million shares traded. The stock added seven sen to 63 sen.
Other actives included Kurnia Asia, Esso, Telekom, Perdana, HWGB and Hovid.
Among the gainers, Tradewinds added 16 sen to RM9.07, KLK 14 sen to RM21.48, Tradewinds PLANTATION []s 13 sen to RM3.42, BLD Plantations nine sen to RM6.90 and Kretam seven sen to RM2.08.
Asian stocks fell on Thursday on profit-booking by nervous investors, while the Swiss franc stayed firm after plans to curb the currency disappointed those looking for more drastic action, according to Reuters.
Commodity and TECHNOLOGY [] shares dragged the region's shares lower as investors skimmed off some of this week's gains amid lingering worries on the U.S. economy and eurozone debt, it said.
The FBM KLCI fell 2.88 points to 1,500.19 at 12.30pm. Market breadth turned negative with 331 losers, 205 gainers and 301 counters trading unchanged. Volume was 423.17 million shares valued at RM666.58 million.
The ringgit weakened 0.11% to 2.9797 versus the US dollar; crude palm oil futures lost RM2 per tonne to RM3,031, crude oil shed 39 cents per barrel to US$87.19 while gold fell 35 cents an ounce to US$1,790.90.
At the regional markets, Japan's Nikkei 225 fell 1.14% to 8,954.33, South Korea's Kospi lost 2.46% to 1,846.11, Taiwan's Taiex was down 2.29% to 7.564.36, the Shanghai Composite Index shed 0.34% to 2,592.36, Hong Kong's Hang Seng Index was flat at 20,288.82 while the Singapore Straits Times Index added 0.43% to 2,840.56.
On Bursa Malaysia, Tenaga fell 15 sen to RM5.73 on continuing worries about high fuel costs impacting its financial results in the fourth quarter.
Esso slumped 81 sen to RM4.14 with 10.1 million shares traded after the initial euphoria over San Miguel's offer to buy a controlling 65% stake from ExxonMobil International Holdings Inc in the company fizzled out following its disappointing offer of RM3.50 per share.
Other decliners included Dutch Lady that fell 14 sen to RM18.02, Lafarge Malayan Cement 12 sen to RM6.98, QSR down 11 sen to RM5.99, while BDB, Uzma, Ta Ann, PPB and Hong Leong Bank fell 10 sen each to RM1.08, RM1.75, RM5.33, RM17.08 and RM12.84 respectively.
MAA was the most actively traded counter with 23 million shares traded. The stock added seven sen to 63 sen.
Other actives included Kurnia Asia, Esso, Telekom, Perdana, HWGB and Hovid.
Among the gainers, Tradewinds added 16 sen to RM9.07, KLK 14 sen to RM21.48, Tradewinds PLANTATION []s 13 sen to RM3.42, BLD Plantations nine sen to RM6.90 and Kretam seven sen to RM2.08.
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