Monday, September 26, 2011

KLCI falls 2.86% at mid-day break

KUALA LUMPUR: The FBM KLCI fell 2.86% at the mid-day break on Monday, Sept 26, the steepest fall since Oct 24, 2008, weighed by losses at banking stocks and blue chips.

The 30-stock index lost 39 points to 1,326.94, as market breadth stayed negative with losers pummelling gainers by 752 to 50, while 131 counters traded unchanged.

Volume was 447.77 million shares valued at RM653.29 million.

The ringgit weakened 0.47% to 3.1821 versus the US dollar; crude palm oil futures for the third month delivery fell RM62 per tonne to RM2,930, crude oil lost 40 cents per barrel to US$79.45 while gold tumbled US$40.75 an ounce to US$1,616.05.

Regional markets were mired in the red as investors wary of the euro zone debt crisis stayed on the sidelines and sold down riskier assets.

Japan's Nikkei 225 fell 1.89% to 8,398.51, Hong Kong's Hang Seng Index lost 1.79% to 17,352.00, Taiwan's Taiex down 1.64% to 6,930.58, Singapore's Straits Times Index lost 1.59% to 2,655.84, South Korea's Kospi fell 0.89% to 1,682.32 and the Shanghai Composite Index shed 0.50% to 2,421.09.

On Bursa Malaysia, KLK and Panasonic fell RM1 each to RM19.70 and RM17.50, Nestle lost 92 sen to RM47.58, PPB 76 sen to RM15.54, Batu Kawan 74 sen to RM14.30, LPI Capital 58 sen to RM11.62, Dutch Lady 52 sen to RM17.50 and F&N down 50 sen to RM15.90.

Among banking stocks, Public Bank lost 66 sen to RM11.78, RHB Capital 38 sen to RM7.34, Maybank 37 sen to RM7.62, Hong Leong Bank 28 sen to RM9.57, AMMB 27 sen to RM5.50, CIMB 13 sen to RM6.61 and HLFG nine sen to RM9.97.

GPRO was the most actively traded counter with 15 million shares done. The stock was unchanged at 12.5 sen.

Other actives included Key West, Timecom, SAAG, UEM Land, Takaso, AirAsia, Petronas Chemicals and Maybank.

Gainers included Ulicorp, APB, Turiya, Hong Leong Industries, Can-One, Asdion and Perduren.


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