Friday, December 9, 2011

KLCI extends losses as global markets fall on European debt woes

KUALA LUMPUR (Dec 9): The FBM KLCI extended its losses in early trade on Friday, in line with the overnight slump at Wall Street and European markets on growing doubts that European leaders could forge a credible plan to solve the euro zone's debt crisis.

At 9.05am, the FBM KLCI lost 14.50 points to 1,458.42, weighed by losses at blue chip stocks.

Losers led gainers by 141 to 35, while 102 counters traded unchanged. Volume was 64.19 million shares valued at RM37.51 million.

Among the early decliners were BAT, Petronas Dagangan, KLK, HLFG, PPB, Genting, Petronas Gas, Hong Leong Bank, AirAsia and UMW.

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