Tuesday 22 November 2011

KLCI extends losing streak as Asian markets fall

KUALA LUMPUR (Nov 22): The FBM KLCI continued its losing streak on Tuesday, weighed by losses at blue chip stocks in line with the retreat at global markets and overnight fall at Wall Street.

Asian shares fell on Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investors' confidence in riskier assets, according to Reuters.

At 9.05am, the FBM KLCI fell 4.43 points to 1,429.65.

Losers led gainers by 170 to 37, while 87 counters traded unchanged. Volume was 48.81 million shares valued at RM16.29 million.

Among the early decliners were HLFG, Public Bank, MISC, Genting, Axiata, Harvest Court, Top Glove, Supermax and DRB Hicom.



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