KUALA LUMPUR: Share prices on Bursa Malaysia slumped in broad-based sell-off at the end of the morning session today, dealers said.
They said the market barometer fell to below the 1,460-point level on downbeat outlook for the eurozone.
The FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 14.33 points to close at 1,458.59, after opening 8.22 points lower at 1,464.7.
Dealers said the local equity market and Asian stocks were hit on fears that the crucial European Union summit would fail to deliver actions to ease the two-year old debt crisis.
"The global market sentiment dampened as hopes fizzled further on the summit following European Central Bank ruling out more bond buy, which overshadowed China's November inflation data that eased more than expected," a dealer said.
The Finance Index plummeted 129.57 points to 12,932.59, Industrial Index edged down 27.21 points to 2,644.16 and the Plantation Index dropped 90.10 points to 7,839.01.
The FBM Emas Index lost 93.819 point to 9,988.69, FBM Ace Index fell 47.29 points to 4,185.14 and the FBM 70 Index dwindled 98.69 points to 10,892.93.
Decliners led advancers 471 to 136 while 237 counters were unchanged, 634 untraded and 19 others suspended.
Total volume stood at 727.432 million shares worth RM485.120 million.
Among active stocks, Compugates was flat at seven sen, SYF Res-WA added six sen to 56.5 sen and Versatile eased 1.5 sen to 42.5 sen.
Of the heavyweights, Maybank slipped seven sen to RM8.14, Sime Darby edged down four sen to RM8.90, CIMB fell six sen to RM6.93 and Petronas Chemicals lost nine sen to RM6. - BERNAMA
They said the market barometer fell to below the 1,460-point level on downbeat outlook for the eurozone.
The FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 14.33 points to close at 1,458.59, after opening 8.22 points lower at 1,464.7.
Dealers said the local equity market and Asian stocks were hit on fears that the crucial European Union summit would fail to deliver actions to ease the two-year old debt crisis.
"The global market sentiment dampened as hopes fizzled further on the summit following European Central Bank ruling out more bond buy, which overshadowed China's November inflation data that eased more than expected," a dealer said.
The Finance Index plummeted 129.57 points to 12,932.59, Industrial Index edged down 27.21 points to 2,644.16 and the Plantation Index dropped 90.10 points to 7,839.01.
The FBM Emas Index lost 93.819 point to 9,988.69, FBM Ace Index fell 47.29 points to 4,185.14 and the FBM 70 Index dwindled 98.69 points to 10,892.93.
Decliners led advancers 471 to 136 while 237 counters were unchanged, 634 untraded and 19 others suspended.
Total volume stood at 727.432 million shares worth RM485.120 million.
Among active stocks, Compugates was flat at seven sen, SYF Res-WA added six sen to 56.5 sen and Versatile eased 1.5 sen to 42.5 sen.
Of the heavyweights, Maybank slipped seven sen to RM8.14, Sime Darby edged down four sen to RM8.90, CIMB fell six sen to RM6.93 and Petronas Chemicals lost nine sen to RM6. - BERNAMA
