KUALA LUMPUR: The FBM KLCI closed at the lowest level since Aug 27, 2010 on Tuesday, Sept 20 as Petronas-linked counters came under selling pressure, while oil and gas-related stocks also fell.
The FBM KLCI pared down its losses to close 0.18% or 2.48 lower at 1,410.64. The index had earlier fallen to its intra-day low of 1,404.27.
Losers beat gainers by 457 to 230, while 301 counters traded unchanged. Volume was 784.63 million shares valued at RM1.41 billion.
Regional markets mostly recovered on bargain hunting activities as investors picked up the stocks that were sold down in recent days.
The Shanghai Composite Index edged up 0.41% to 2,447.76, Hong Kong's Hang Seng Index added 0.51% to 19,014.80, South Korea's Kospi rose 0.94% to 1,837.97, Taiwan's Taiex was up 0.16% to 7,492.85 and Singapore's Straits Times Index added 0.86% to 2,780.84.
Meanwhile, Japan's Nikkei 225 fell 1.61% to 8,721.24.
European stocks also advanced as bargain hunters moved in on the beaten-down sector ahead of a key US Federal Reserve policy meeting.
On Bursa Malaysia, foreign funds were mainly responsible for the sell down in the shares of some of the bigger losers, according to a dealer.
Among the major decliners, Petronas Gas lost 32 sen to RM13.40, Petronas Chemicals down 27 sen to RM5.78 and Petronas Dagangan fell 16 sen to RM17.04.
Kencana and Wah Seong lost three sen each to RM2.53 and RM1.97, Deleum and KNM fell two sen each to RM1.45 and RM1.30, while SapuraCrest shed one sen to RM3.94.
Other losers included Panasonic that fell 50 sen to RM19.40, IJM Corp 31 sen to RM4.99, MSM 27 sen to RM4.93, Nestle 26 sen to RM49.50, JobStreet 23 sen to RM2.50 and Public Bank 20 sen to RM12.60.
Among the gainers, BAT rose 74 sen to RM44.50, United PLANTATION []s 28 sen to RM18, MISC, HLFG and Hong Leong Bank up 24 sen each to RM6.88, RM11.28 and RM10.80, Sime Darby 21 sen to RM7.91, PacificMas 20 sen to RM3.30, Rimbunan Sawit 18 sen to RM2.25, Tahps 14 sen to RM4.15 and Kossan 12 sen to RM2.63.
Takaso was the most actively traded counter with 46.1 million shares done. The stock fell two sen to 14 sen.
Other actives included Petronas Chemicals, Systech, MRCB, UEM Land, Dialog, AirAsia, Berjaya Corp and CIMB.
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The FBM KLCI pared down its losses to close 0.18% or 2.48 lower at 1,410.64. The index had earlier fallen to its intra-day low of 1,404.27.
Losers beat gainers by 457 to 230, while 301 counters traded unchanged. Volume was 784.63 million shares valued at RM1.41 billion.
Regional markets mostly recovered on bargain hunting activities as investors picked up the stocks that were sold down in recent days.
The Shanghai Composite Index edged up 0.41% to 2,447.76, Hong Kong's Hang Seng Index added 0.51% to 19,014.80, South Korea's Kospi rose 0.94% to 1,837.97, Taiwan's Taiex was up 0.16% to 7,492.85 and Singapore's Straits Times Index added 0.86% to 2,780.84.
Meanwhile, Japan's Nikkei 225 fell 1.61% to 8,721.24.
European stocks also advanced as bargain hunters moved in on the beaten-down sector ahead of a key US Federal Reserve policy meeting.
On Bursa Malaysia, foreign funds were mainly responsible for the sell down in the shares of some of the bigger losers, according to a dealer.
Among the major decliners, Petronas Gas lost 32 sen to RM13.40, Petronas Chemicals down 27 sen to RM5.78 and Petronas Dagangan fell 16 sen to RM17.04.
Kencana and Wah Seong lost three sen each to RM2.53 and RM1.97, Deleum and KNM fell two sen each to RM1.45 and RM1.30, while SapuraCrest shed one sen to RM3.94.
Other losers included Panasonic that fell 50 sen to RM19.40, IJM Corp 31 sen to RM4.99, MSM 27 sen to RM4.93, Nestle 26 sen to RM49.50, JobStreet 23 sen to RM2.50 and Public Bank 20 sen to RM12.60.
Among the gainers, BAT rose 74 sen to RM44.50, United PLANTATION []s 28 sen to RM18, MISC, HLFG and Hong Leong Bank up 24 sen each to RM6.88, RM11.28 and RM10.80, Sime Darby 21 sen to RM7.91, PacificMas 20 sen to RM3.30, Rimbunan Sawit 18 sen to RM2.25, Tahps 14 sen to RM4.15 and Kossan 12 sen to RM2.63.
Takaso was the most actively traded counter with 46.1 million shares done. The stock fell two sen to 14 sen.
Other actives included Petronas Chemicals, Systech, MRCB, UEM Land, Dialog, AirAsia, Berjaya Corp and CIMB.
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