KUALA LUMPUR (Nov 21): The FBM KLCI fell below the 1,440-point level and extended its losses for the fifth day running on Monday, as global markets retreated, weighed by the uncertainties surrounding the world’s economy.
The 30-stock index fell 1.4% or 20.32 points to 1,434.08, dragged by key blue chips including Genting, MISC and index-linked PLANTATION [] stocks.
Market breadth was negative with losers thumping gainers by 661 to 176, while 194 counters traded unchanged. Volume was 1.42 billion shares valued at RM1.16 billion.
Regional markets extended their losses on growing worries over the health of the global economy, as Chinese Vice-Premier Wang Qishan warned on Monday that the global economy remains in a grim state.
Meanwhile, European stocks fell early on Monday, hitting a six-week low, as the expected failure of a U.S. congressional committee to agree on how to slash the deficit revived fears about the country's finances and rattled investors, according to Reuters.
At the Asian markets, Hong Kong’s Hang Seng Index fell 1.44% to 18,255.85, Taiwan’s Taiex lost 2.64% to 7,042.64, South Korea’s Kospi was down 1.04% to 1,820.03, Japan’s Nikkei 225 lost 0.32% to 8,348.27, the Shanghai Composite Index shed 0.06% to 2,415.13 and Singapore’s Straits Times Index fell 1.19% to 2,697.98.
On Bursa Malaysia, PPB was the top loser and fell 46 sen to RM16.06; Jaya Tiasa, KLK, MISC and Genting lost 38 sen each to RM6.10, RM20.70, RM6.07 and RM10.22, Fima Corp down 37 sen to RM5.73, GAB 30 sen to RM10.62, Tan Chong lost 24 sen to RM4.18, BLD Plantations 23 sen to RM6.73 while Hong Leong Bank shed 22 sen to RM10.32.
DPS Resources was the most actively traded counter with 49.3 million shares done. The stock fell 4.5 sen to 18 sen.
Other actives included Sumatec, Compugates, Tiger Synergym Flonic, Karambunai, Fastrak and Extol.
Among the gainers, Dutch Lady added 60 sen to RM23.40, KrisAssets rose 22 sen to RM4.60, Sarawak Oil Palms 21 sen to RM4.66, Panasonic 16 sen to RM19.96, CBIP and Tasek nine sen each to RM4.05 and RM8, while TSH Resources added eight sen to RM3.67.
The 30-stock index fell 1.4% or 20.32 points to 1,434.08, dragged by key blue chips including Genting, MISC and index-linked PLANTATION [] stocks.
Market breadth was negative with losers thumping gainers by 661 to 176, while 194 counters traded unchanged. Volume was 1.42 billion shares valued at RM1.16 billion.
Regional markets extended their losses on growing worries over the health of the global economy, as Chinese Vice-Premier Wang Qishan warned on Monday that the global economy remains in a grim state.
Meanwhile, European stocks fell early on Monday, hitting a six-week low, as the expected failure of a U.S. congressional committee to agree on how to slash the deficit revived fears about the country's finances and rattled investors, according to Reuters.
At the Asian markets, Hong Kong’s Hang Seng Index fell 1.44% to 18,255.85, Taiwan’s Taiex lost 2.64% to 7,042.64, South Korea’s Kospi was down 1.04% to 1,820.03, Japan’s Nikkei 225 lost 0.32% to 8,348.27, the Shanghai Composite Index shed 0.06% to 2,415.13 and Singapore’s Straits Times Index fell 1.19% to 2,697.98.
On Bursa Malaysia, PPB was the top loser and fell 46 sen to RM16.06; Jaya Tiasa, KLK, MISC and Genting lost 38 sen each to RM6.10, RM20.70, RM6.07 and RM10.22, Fima Corp down 37 sen to RM5.73, GAB 30 sen to RM10.62, Tan Chong lost 24 sen to RM4.18, BLD Plantations 23 sen to RM6.73 while Hong Leong Bank shed 22 sen to RM10.32.
DPS Resources was the most actively traded counter with 49.3 million shares done. The stock fell 4.5 sen to 18 sen.
Other actives included Sumatec, Compugates, Tiger Synergym Flonic, Karambunai, Fastrak and Extol.
Among the gainers, Dutch Lady added 60 sen to RM23.40, KrisAssets rose 22 sen to RM4.60, Sarawak Oil Palms 21 sen to RM4.66, Panasonic 16 sen to RM19.96, CBIP and Tasek nine sen each to RM4.05 and RM8, while TSH Resources added eight sen to RM3.67.
