KUALA LUMPUR (Nov 23): The FBM KLCI pared down some of its losses on Wednesday amidst choppy trading but investor sentiment remained tepid as regional markets mostly fell more than 2%.
World stocks hit their lowest in six weeks on Wednesday and crude prices fell after and manufacturing in regional heavyweight Germany contracted for a second straight month in November, and at a faster rate, as export demand slumped, according to Reuters.
Earlier in the day, the HSBC flash manufacturing purchasing managers' index (PMI), the earliest indicator of China's industrial activity, slumped in November to 48, a low not seen since March 2009.
The decline in China's industrial activity came just a day after the United States cut its third quarter growth figure.
The FBM KLCI fell 0.34% or 4.82 points to close at 1,433.17. It had earlier fallen to its intra-day low of 1,424.19.
Losers led gainers by 450 to 281, while 271 counters traded unchanged. Volume was 1.51 billion shares valued at RM1.13 billion.
At the regional markets, Hong Kong's Hang Seng Index lost 2.12% to 17,864.43, Taiwan's Taiex fell 2.77% to 6,806.43, South Korea's Kospi was down 2.36% to 1,783.10, the Shanghai Composite Index fell 073% to 2,395.06 and Singapore's Straits Times Index lost 1.5% to 2,676.57.
On Bursa Malaysia, Triplc fell 22.5 sen to 47.5 sen, Shell lost 20 sen to RM9.50, Lafarge Malayan Cement down 18 sen to RM6.41, Tenaga 17 sen to RM5.37, AirAsia and Hong Leong Bank 12 sen each to RM3.55 and RM10.22, KNM and IJM Corp 11 sen each to RM1.12 and RM5.69, while Genting and Tradewinds PLANTATION []s fell 10 sen each to RM10.12 and RM3.75.
Among the gainers, BAT rose 72 sen to RM47.50, KLK up 38 sen to RM21.38, GAB 24 sen to RM10.86, Panasonic and Nestle 20 sen each to RM19.80 and RM50.40, Sungei Bagan 17 sen to RM2.90, UMW 14 sen to RM6.57, MBF Holdings and MISC 13 sen each to 96.5 sen and RM6.20, while Petronas Dagangan was up 12 sen to RM16.36.
The actively traded counters included MBF Holdings warrants, Sumatec shares and warrants, DPS Resources shares and warrants, Tiger Synergy, Compugates and Karambunai.
World stocks hit their lowest in six weeks on Wednesday and crude prices fell after and manufacturing in regional heavyweight Germany contracted for a second straight month in November, and at a faster rate, as export demand slumped, according to Reuters.
Earlier in the day, the HSBC flash manufacturing purchasing managers' index (PMI), the earliest indicator of China's industrial activity, slumped in November to 48, a low not seen since March 2009.
The decline in China's industrial activity came just a day after the United States cut its third quarter growth figure.
The FBM KLCI fell 0.34% or 4.82 points to close at 1,433.17. It had earlier fallen to its intra-day low of 1,424.19.
Losers led gainers by 450 to 281, while 271 counters traded unchanged. Volume was 1.51 billion shares valued at RM1.13 billion.
At the regional markets, Hong Kong's Hang Seng Index lost 2.12% to 17,864.43, Taiwan's Taiex fell 2.77% to 6,806.43, South Korea's Kospi was down 2.36% to 1,783.10, the Shanghai Composite Index fell 073% to 2,395.06 and Singapore's Straits Times Index lost 1.5% to 2,676.57.
On Bursa Malaysia, Triplc fell 22.5 sen to 47.5 sen, Shell lost 20 sen to RM9.50, Lafarge Malayan Cement down 18 sen to RM6.41, Tenaga 17 sen to RM5.37, AirAsia and Hong Leong Bank 12 sen each to RM3.55 and RM10.22, KNM and IJM Corp 11 sen each to RM1.12 and RM5.69, while Genting and Tradewinds PLANTATION []s fell 10 sen each to RM10.12 and RM3.75.
Among the gainers, BAT rose 72 sen to RM47.50, KLK up 38 sen to RM21.38, GAB 24 sen to RM10.86, Panasonic and Nestle 20 sen each to RM19.80 and RM50.40, Sungei Bagan 17 sen to RM2.90, UMW 14 sen to RM6.57, MBF Holdings and MISC 13 sen each to 96.5 sen and RM6.20, while Petronas Dagangan was up 12 sen to RM16.36.
The actively traded counters included MBF Holdings warrants, Sumatec shares and warrants, DPS Resources shares and warrants, Tiger Synergy, Compugates and Karambunai.
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