Friday, November 25, 2011

KLCI falls 1.14%, blue chips weigh

KUALA LUMPUR (Nov 25): The FBM KLCI closed lower on Friday, in line with key regional markets mired in the red as ''simmering fears over the euro zone debt crisis and the outlook for the global economy kept investors on the sidelines.

The extended weekend'' with the Awal Muharram public holiday next Monday also gave local investors an excuse to take profit on blue chip stocks that had made some gains over the past two days.

The FBM KLCI closed 1.14% or 16.44 points lower at 1,431.55, weighed by losses including at BAT, MISC, Genting and PPB.

Losers beat gainers by 463 to 298, while 256 counters traded unchanged. Volume was 1.58 billion shares valued at RM1.09 billion.

At the regional markets, Hong Kong's Hang Seng Index fell 1.37% to 17.689.48, Taiwan's Taiex lost 1.16% to 6,784.52, South Korea's Kospi was down 1.04% to 1,776.40, the Shanghai Composite Index fell 0.72% to 2,380.22, Japan's Nikkei 225 edged down 0.06% to 8,160.01 while Singapore's Straits Times Index fell 1.24% to 2,643.93.

On Bursa Malaysia, BAT was the top loser and fell RM1.84 to RM45.40, MISC lost 33 sen to RM5.80, Genting and MMHE fell 26 sen each to RM10.02 and RM5.60, Tradewinds 21 sen to RM9.28, PPB and MNRB 20 sen each to RM16.06 and RM2.66, QSR 19 sen to RM5.70, while DKSH lost 17 sen to RM2.01.

Among the gainers, Nestle rose 30 sen to RM50.90, Hong Leong Bank up 22 sen to RM10.42, F&N 20 sen to RM17.90, Knusford and TDM 16 sen each to RM1.95 and RM3.45, while Supermax, Tecnic and UMW added 13 sen each to RM3.55, RM2.85 and RM6.88 respectively.

Meanwhile, the actively traded counters included Sumatec, MUI Industries, JCY, Compugates, Tiger Synergy and MBF Holdings warrants.




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