Monday, September 26, 2011

KLCI closes at lowest level since July 2010

KUALA LUMPUR: The FBM KLCI fell 2.50% on Monday, Sept 26, the steepest single day fall since Oct 24, 2008, weighed by losses at banking stocks and blue chips.

The FBM KLCI extended its losses and ended 34.14 points lower at 1,331.80, the lowest closing since July 22, 2010, in line with the fall at key regional markets on worries of a deepening global economic crisis and fears of a recession.

It had earlier tumbled more than 55 points to its intra-day low of 1,310.53, the lowest since July 7, 2010.

Market breadth was negative as losers pummelled gainers by 842 to 84, while 143 counters traded unchanged. Volume was 1.05 billion shares valued at RM1.78 billion.

At the regional markets, South Korea's Kospi fell 2.64% to 1,652.71, Taiwan's Taiex lost 2.40% to 6,877.12, Japan's Nikkei 225 down 2.17% to 8,374.13, Singapore's Straits Times Index lost 1.65% to 2,654.31, the Shanghai Composite Index fell 1.64% to 2,393.18 and Hong Kong's Hang Seng Index shed 1.48% to 17,407.80.

On Bursa Malaysia, KLK fell RM1.14 to RM19.56, Nestle down RM1.10 to RM47.40, Panasonic 92 sen to RM17.58, LPI Capital 64 sen to RM11.56, Public Bank 62 sen to RM11.82, DiGi 60 sen to RM29.38, RHB Capital 59 sen to RM7.13, Batu Kawan 56 sen to RM14.48, United PLANTATION []s down 54 sen to RM16.98 and GAB 53 sen to RM9.42.

Timecom was the most actively traded counter with 32.27 million shares done. The stock fell 7.5 sen to 43 sen.

Other actives included UEM Land, Maybank, Axiata, AirAsia, Petronas Chemicals, SAAG and Telekom.

Meanwhile, gainers included BAT, Ulicorp, Nakamichi, Shell, Bonia, Asia File and Can-One.

No comments:

Post a Comment