KUALA LUMPUR (Nov 16): The FBM KLCI closed marginally lower on Wednesday, Nov 16 as most key regional markets fell in line with the steep drop at the Shanghai and Hong Kong markets.
Hong Kong shares slumped on Wednesday, dragged down by weakness in Chinese insurers and property developers, with turnover low as investors became more averse to riskier assets on fears of contagion from Europe's festering debt crisis, according to Reuters.
The FBM KLCI shed 0.38 of a point to close at 1,476.84.
Losers led gainers by 462 to 322, while 286 counters traded unchanged. Volume was 2.03 billion shares valued at RM1.47 billion.
At the regional markets, the Shanghai Composite Index fell 2.48% to 2,466.96, Hong Kong’s Hang Seng Index lost 2% to 18,960.90, South Korea’s Kospi was down 1.59% to 1,856.07, Taiwan’s Taiex lost 1.38% to 7,387.52, Japan’s Nikkei 225 fell 0.92% to 8,463.16 and Singapore’s Straits Times Index shed 0.15% to 2,807.44.
On Bursa Malaysia, Harvest Court securities were the top losers on resuming trade after Bursa Malaysia Securities Bhd had on Monday declared the securities counter as a designated counter.
Harvest fell 64 sen to RM1.49 while its warrants lost 54 sen to RM1.27.
Among the other losers, Malayan Flour Mills lost 24 sen to RM7.54, Petronas Chemicals down 19 sen to RM6.21, Chin Teck PLANTATION []s and Nestle lost 18 sen each to RM8.25 and RM49.22, Genting Plantations and SYF Resources fell 15 sen each to RM7.97 and 60 sen, while Manulife was down 14 sen to RM2.81.
Compugates was the most actively traded counter with 79.9 million shares done. The stock added half a sen to 8 sen.
Other acties included DPS Resources, Tiger, Tricubes, Asia EP, TMC Life, SYF Resources and Ingenuity Solutions.
Among the gainers, Dutch Lady added 70 sen to RM22.50, Proton 32 sen to RM3.53, TDM and BAT 30 sen each to RM3.28 and RM47, Warisan 28 sen to RM2.55, Carlsberg 21 sen to RM7.26, Bumi Armada 16 sen to RM3.99, while LPI Capital, Panasonic and Parkson added 14 sen each to RM13.02, RM19.50 and RM5.79 respectively.
Hong Kong shares slumped on Wednesday, dragged down by weakness in Chinese insurers and property developers, with turnover low as investors became more averse to riskier assets on fears of contagion from Europe's festering debt crisis, according to Reuters.
The FBM KLCI shed 0.38 of a point to close at 1,476.84.
Losers led gainers by 462 to 322, while 286 counters traded unchanged. Volume was 2.03 billion shares valued at RM1.47 billion.
At the regional markets, the Shanghai Composite Index fell 2.48% to 2,466.96, Hong Kong’s Hang Seng Index lost 2% to 18,960.90, South Korea’s Kospi was down 1.59% to 1,856.07, Taiwan’s Taiex lost 1.38% to 7,387.52, Japan’s Nikkei 225 fell 0.92% to 8,463.16 and Singapore’s Straits Times Index shed 0.15% to 2,807.44.
On Bursa Malaysia, Harvest Court securities were the top losers on resuming trade after Bursa Malaysia Securities Bhd had on Monday declared the securities counter as a designated counter.
Harvest fell 64 sen to RM1.49 while its warrants lost 54 sen to RM1.27.
Among the other losers, Malayan Flour Mills lost 24 sen to RM7.54, Petronas Chemicals down 19 sen to RM6.21, Chin Teck PLANTATION []s and Nestle lost 18 sen each to RM8.25 and RM49.22, Genting Plantations and SYF Resources fell 15 sen each to RM7.97 and 60 sen, while Manulife was down 14 sen to RM2.81.
Compugates was the most actively traded counter with 79.9 million shares done. The stock added half a sen to 8 sen.
Other acties included DPS Resources, Tiger, Tricubes, Asia EP, TMC Life, SYF Resources and Ingenuity Solutions.
Among the gainers, Dutch Lady added 70 sen to RM22.50, Proton 32 sen to RM3.53, TDM and BAT 30 sen each to RM3.28 and RM47, Warisan 28 sen to RM2.55, Carlsberg 21 sen to RM7.26, Bumi Armada 16 sen to RM3.99, while LPI Capital, Panasonic and Parkson added 14 sen each to RM13.02, RM19.50 and RM5.79 respectively.
