Thursday, June 2, 2011

FBM KLCI extends losses at mid-day

KUALA LUMPUR: The FBM KLCI stayed in negative territory at the mid-day break, in line with most key regional markets that fell sharply on Thursday, June 2 after the overnight sell down at Wall Street and ahead of a motion of no confidence against the Japanese Prime Minister later today.

The FBM KLCI shed 0.23% or 3.56 points to 1.552.86 at the mid-day break.

Losers beat gainers by 466 to 149, while 290 counters traded unchanged. Volume was 361.25 million shares valued at RM678.50 million.

The ringgit weakened 0.51% to 3.0233 versus the US dollar; crude palm oil futures for the third month delivery rose RM17 per tonne to RM3,359, crude oil slipped 46 cents per barrel to US$99.83 while gold shed five cents an ounce to US$1,539.75.

At the regional markets, Japan's Nikkei 225 lost 1.54% to 9,569.46, Hong Kong's Hang Seng Index fell 1.59% to 23,251.84, the Shanghai Composite Index was down 1.96% to 2,689.66, South Korea's Kospi fell 1.35% to 2,112.42, Taiwan's Taiex lost 0.58% to 9,010.22 while Singapore's Straits Times Index was down 0.53% to 3,156.10.

On Bursa Malaysia, Metrod was the top loser and fell 24 sen to RM3.56l; KLK fell 18 sen to RM2202, Tradewinds 17 sen to RM8.93, MMHE 16 sen to RM7.77, NPC 15 sen to RM2.10, Malayan Flour Mills 14 sen to RM7.86, F&N and BAT 12 sen each to RM19.28 and RM47.16, while Lysaght and Puncak Niaga fell nine sen each to RM1.80 and RM2.07.

KNM was the most actively traded counter with 15.7 million shares done. The stock fell six sen to RM2.02.

Other actives included HWGB, BIMB, Axiata, MAS and Sime Darby.

Among the gainers, Hong Leong Financial Group added 14 sen to RM12.06, Petronas Gas 12 sen to RM11.50, Kluang 11 sen to RM2.78, PPB and New Hoong Fatt 10 sen each to RM17.20 and RM2.45, MISC nine sen to RM7 and Takaful eight sen to RM1.92.

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