Thursday, September 15, 2011

KLCI falls to fresh year-low, Sime, AirAsia down

KUALA LUMPUR: Selling pressure picked up pace when trading resumed after the midday break on Thursday, Sept 15 with Sime Darby and AirAsia among the major decliners.

At 2.48pm, the FBM KLCI was down 4.54 to 1,433.07, after hitting a 53-week low on Wednesday. Turnover was 332.78 million shares done valued at RM561.14 million. There were 218 gainers, 305 losers and 287 stocks unchanged.

Sime fell 29 sen to RM8.18 with 3.45 million shares done. BAT lost 46 sen to RM43.80 in thin trade but worries about a hike in tax duties also impacted sentiment.

Hong Leong Bank lost 18 sen to RM11.58 and RHB Cap 13 sen to RM8.10. AirAsia lost 13 sen to RM3.30.

Among the gainers were KL Kepong, up 32 sen to RM21.44, Tradewinds PLANTATION []s 10 sen to RM3.56. e DiGi, which came under selling pressure over the past week, rose 30 sen to RM31.04. BToto and QSR rose 11 sen each to RM4.37 and RM5.68 as they were viewed as defensive counters.

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