Monday, November 21, 2011

KLCI opens lower, blue chips weigh

KUALA LUMPUR (Nov 21): The FBM KLCI fell in early trade on Monday, weighed by losses at select blue chips, in line with the weaker sentiment at key regional markets.

Asian shares fell on Monday as uncertainty remained over how euro zone leaders would respond to mounting funding difficulties for European banks, while a crushing election win for Spain's centre-right opposition raised hopes for reforms, according to Reuters.

At 9.05am, the FBM KLCI fell 3.90 points to 1,450.50.

Loser edged gainers by 82 to 80, while 111 counters traded unchanged. Volume was 58.68 million shares valued at RM20.39 million.

Among the early decliners were Nestle, KLK, Petronas Chemicals, Genting, IOI Corp, Sime Darby, Public Bank, Parkson and TMC Life.


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