Thursday, September 22, 2011

#Flash* KLCI falls further, dn 27 pts

KUALA LUMPUR: Blue chips fell sharply in late trade on Thursday, Sept 22, falling more than 27 points, the most in several weeks, in line with the selldown in regional and European markets.

At 4.15pm, the FBM KLCI fell 27.54 points to 1,391.5. Turnover was 703.37 million shares valued at 1.32 billion.'' Losers hammered gainers 798 to 59.

Technical chartists said the next strong support level for the KLCI was 1,360.

In Hong Kong, shares tumbled, dragged lower by mainland energy and property counters as investors reacted to different policy signals from Beijing and as turnover surged to the highest in more than three weeks.

The Hang Seng Index closed down 4.85% at 17,911.95, while the China Enterprises Index closed down 6.31% at 9,202.7.

The Shanghai Composite Index slumped 2.78% to 2,443.06, weighed by large-cap energy issues as A-share turnover declined from Wednesday's high but hit the second-highest in a month.

At Bursa Malaysia, Nestle was the top loser, down RM1 to RM48.50 and Dutch Lady'' 50 sen to RM19.

HL Bank lost 61 sen to RM9.99, HLBank-OR shed 58 sen to RM1.37, Genting 48 sen to RM8.82 and Aeon 38 sen to RM6.90.

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