KUALA LUMPUR: Asian markets, including Bursa Malaysia, extended their losses on Thursday, Oct 20 as investors wary of the fragile global economy off-loaded riskier assets ahead of the European G20 summit this weekend.
The decline at regional markets underscored the growing lack of confidence of a swift solution to the European debt woes.
The FBM KLCI fell 1.04% or 15.10 points to 1,435.15 at the mid-day break. Losers beat gainers by 477 to 144, while 204 counters traded unchanged. Volume was 762.27 million shares valued at RM459.98 million.
The ringgit strengthened 0.19% to 3.1050 versus the US dollar; crude palm oil futures for the third month delivery fell RM50 per tonne to RM2,842, crude oil slipped 51 cents per barrel to US$85.60 while gold fell US$16.93 an ounce to US$1,623.82.
At the regional markets, Hong Kong’s Hang Seng Index lost 1.96% to 17,949.76, the Shanghai Composite Index fell 1.95% to 2,331.23, Taiwan’s Taiex was down 1% to 7,280.00, Japan’s Nikkei lost 0.98% to 8,686.86, Singapore’s Straits Times Index fell 0.74% to 2,700.12 and South Korea’s Kospi shed 0.25% to 1,851.32.
Among the decliners on Bursa Malaysia this morning, DiGi fell 42 sen to RM31.34, MISC 30 sen to RM6.43, Panasonic 22 sen to RM19.98, Petronas Dagangan, Tradewinds and HLFG lost 20 sen each to RM16, RM8.35 and RM11.38 respectively, APM Automotive 19 sen to RM4.60, Malayan Flour Mills and Hong Leong Bank 18 sen each to RM7.46 and RM10.54, while Cycle & Carriage fell 15 sen to RM3.15.
JCY International was the most actively traded counter with 36.94 million shares done. But the stock declined half a sen to 57.5 sen after CIMB Research downgraded the stock to a Trading Sell and said a concern was the potential negative impact of a drop in orders from its two HDD customers, WD and Seagate, especially if the halt in production is protracted.
Other actives included Karambunai, Asia EP, Dutaland, Sinotop, Harvest Court and Olympia.
Gainers included AIC, UOA Development, Degem, Apollo, CCM, TMC Life and Uli-Corp.
The decline at regional markets underscored the growing lack of confidence of a swift solution to the European debt woes.
The FBM KLCI fell 1.04% or 15.10 points to 1,435.15 at the mid-day break. Losers beat gainers by 477 to 144, while 204 counters traded unchanged. Volume was 762.27 million shares valued at RM459.98 million.
The ringgit strengthened 0.19% to 3.1050 versus the US dollar; crude palm oil futures for the third month delivery fell RM50 per tonne to RM2,842, crude oil slipped 51 cents per barrel to US$85.60 while gold fell US$16.93 an ounce to US$1,623.82.
At the regional markets, Hong Kong’s Hang Seng Index lost 1.96% to 17,949.76, the Shanghai Composite Index fell 1.95% to 2,331.23, Taiwan’s Taiex was down 1% to 7,280.00, Japan’s Nikkei lost 0.98% to 8,686.86, Singapore’s Straits Times Index fell 0.74% to 2,700.12 and South Korea’s Kospi shed 0.25% to 1,851.32.
Among the decliners on Bursa Malaysia this morning, DiGi fell 42 sen to RM31.34, MISC 30 sen to RM6.43, Panasonic 22 sen to RM19.98, Petronas Dagangan, Tradewinds and HLFG lost 20 sen each to RM16, RM8.35 and RM11.38 respectively, APM Automotive 19 sen to RM4.60, Malayan Flour Mills and Hong Leong Bank 18 sen each to RM7.46 and RM10.54, while Cycle & Carriage fell 15 sen to RM3.15.
JCY International was the most actively traded counter with 36.94 million shares done. But the stock declined half a sen to 57.5 sen after CIMB Research downgraded the stock to a Trading Sell and said a concern was the potential negative impact of a drop in orders from its two HDD customers, WD and Seagate, especially if the halt in production is protracted.
Other actives included Karambunai, Asia EP, Dutaland, Sinotop, Harvest Court and Olympia.
Gainers included AIC, UOA Development, Degem, Apollo, CCM, TMC Life and Uli-Corp.
