Share prices on Bursa Malaysia extended their downtrend at midmorning in tandem with weak market sentiments in regional markets due to concerns about the impact of debt problems in Europe and the US on the global economy, dealers said.
As at 11.00 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shedded 11.51 points to 1,426.48 after opening 2.35 points lower at 1,435.64.
A China-based media outlet blasted the US for sitting on a 'debt bomb' due to balloning national debt and lack of effective actions to cut US deficits. China is the largest foreign holder of US treasuries.
The Finance Index plunged 58.99 points to 12,780.81 and the Plantation Index declined 67.28 points to 7,516.08, while the Industrial Index slipped 26.29 points to 2,586.27.
The FBM Emas Index fell 79.36 points to 9,790.47 and the FBM70 Index dipped 101.271 points to 10,702.21, while the FBM Top 100 Index slid 80.29 points to 9,594.30. The FBM ACE Index dwindled 39.76 points to 4,073.27.
Decliners led advancers 408 to 130 while 211 counters were unchanged, 723 untraded and 16 others suspended. Volume stood at 506.2 million shares worth RM325.7 million.
Among active counters, Sumatec Resources gained one sen to 29 sen, Sumatec Resources warrants were unchanged at 16 sen, Compugates Holdings was unchanged at eight sen and MBF Holdings warrants gained 3.5 sen to 22 sen.
Among heavyweights, Maybank was unchanged at RM8.20, CIMB declined five sen to RM6.71 and Sime Darby declined four sen to RM8.72 while RHB Capital eased four sen to RM7.33. -- Bernama
As at 11.00 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shedded 11.51 points to 1,426.48 after opening 2.35 points lower at 1,435.64.
A China-based media outlet blasted the US for sitting on a 'debt bomb' due to balloning national debt and lack of effective actions to cut US deficits. China is the largest foreign holder of US treasuries.
The Finance Index plunged 58.99 points to 12,780.81 and the Plantation Index declined 67.28 points to 7,516.08, while the Industrial Index slipped 26.29 points to 2,586.27.
The FBM Emas Index fell 79.36 points to 9,790.47 and the FBM70 Index dipped 101.271 points to 10,702.21, while the FBM Top 100 Index slid 80.29 points to 9,594.30. The FBM ACE Index dwindled 39.76 points to 4,073.27.
Decliners led advancers 408 to 130 while 211 counters were unchanged, 723 untraded and 16 others suspended. Volume stood at 506.2 million shares worth RM325.7 million.
Among active counters, Sumatec Resources gained one sen to 29 sen, Sumatec Resources warrants were unchanged at 16 sen, Compugates Holdings was unchanged at eight sen and MBF Holdings warrants gained 3.5 sen to 22 sen.
Among heavyweights, Maybank was unchanged at RM8.20, CIMB declined five sen to RM6.71 and Sime Darby declined four sen to RM8.72 while RHB Capital eased four sen to RM7.33. -- Bernama
