KUALA LUMPUR (Dec 14): The FBM KLCI closed lower on Wednesday, in line with the retreat at Asian markets and weaker opening at European markets following less than encouraging comments from the US Federal Reserve.
The FBM KLCI closed 2.27 point to 1,463.12, weighed by losses at select blue chips.
Losers led gainers by 412 to 309, while 289 counters traded unchanged. Volume was 1.49 billion shares valued at RM1.09 billion.
Asian and European stocks fell on Wednesday after the US Federal Reserve warned Europe's unresolved sovereign debt crisis could hurt the giant American economy, according to Reuters.
Another issue that weighed on investor sentiment were a survey by Singapore’s of private economists released on Wednesday that said that country’s would grow by 3% percent in 2012, slowing from an expected 5.2 percent in 2011 as the global economy and financial services sector cool.
Last Friday, India slashed its full-year growth forecast amid slowing domestic and global demand, with officials warning the government was facing a serious balance of trade problem and will have a tough time meeting its fiscal deficit target.
At the regional markets, Japan’s Nikkei 225 slipped 0.39% to 8,519.13, Hong Kong’s Hang Seng Index fell 0.50% to 18,354.43, the Shanghai Composite Index lost 0.89% to 2,228.53, South Korea’s Kospi fell 0.34% to 1,857.75 and Singapore’s Straits Times Index lost 0.50% to 2,672.39.
Meanwhile, Taiwan’s Taiex gained 0.38% to 6,922.57.
On Bursa Malaysia, Dutch Lady fell 52 sen to RM25.88, KLK down 50 sen to RM22.60, Genting 22 sen to RM10.42, Petronas Dagangan lost 20 sen to RM17.18, APM 19 sen to RM4.22, Asia File and Petronas Gas 18 sen each to RM3.60 and RM14, HELP 14 sen to RM1.61, Boustead 13 sen to RM5.29 and Far East 10 sen to RM7.
Nestle led the gainers and was up 48 sen to RM56.48, Carlsberg up 37 sen to RM8.83, F&N 28 and BAT 28 sen each to RM18.50 and RM48.98, GAB 20 sen to RM13.18, Keck Seng 17 sen to RM3.97, Top Glove and Uzma up 15 sen each to RM4.52 and RM1.70, while CI Holdings and Hong Leong Bank rose 14 sen each to RM1.31 and RM10.68.
Takaso was the most actively traded counter with 99.5 million shares done. The stock rose one sen to 20.5 sen.
Other actives included Sanichi, Envair, Asia Media, Utopia, Flonic, Versatile and Compugates.
The FBM KLCI closed 2.27 point to 1,463.12, weighed by losses at select blue chips.
Losers led gainers by 412 to 309, while 289 counters traded unchanged. Volume was 1.49 billion shares valued at RM1.09 billion.
Asian and European stocks fell on Wednesday after the US Federal Reserve warned Europe's unresolved sovereign debt crisis could hurt the giant American economy, according to Reuters.
Another issue that weighed on investor sentiment were a survey by Singapore’s of private economists released on Wednesday that said that country’s would grow by 3% percent in 2012, slowing from an expected 5.2 percent in 2011 as the global economy and financial services sector cool.
Last Friday, India slashed its full-year growth forecast amid slowing domestic and global demand, with officials warning the government was facing a serious balance of trade problem and will have a tough time meeting its fiscal deficit target.
At the regional markets, Japan’s Nikkei 225 slipped 0.39% to 8,519.13, Hong Kong’s Hang Seng Index fell 0.50% to 18,354.43, the Shanghai Composite Index lost 0.89% to 2,228.53, South Korea’s Kospi fell 0.34% to 1,857.75 and Singapore’s Straits Times Index lost 0.50% to 2,672.39.
Meanwhile, Taiwan’s Taiex gained 0.38% to 6,922.57.
On Bursa Malaysia, Dutch Lady fell 52 sen to RM25.88, KLK down 50 sen to RM22.60, Genting 22 sen to RM10.42, Petronas Dagangan lost 20 sen to RM17.18, APM 19 sen to RM4.22, Asia File and Petronas Gas 18 sen each to RM3.60 and RM14, HELP 14 sen to RM1.61, Boustead 13 sen to RM5.29 and Far East 10 sen to RM7.
Nestle led the gainers and was up 48 sen to RM56.48, Carlsberg up 37 sen to RM8.83, F&N 28 and BAT 28 sen each to RM18.50 and RM48.98, GAB 20 sen to RM13.18, Keck Seng 17 sen to RM3.97, Top Glove and Uzma up 15 sen each to RM4.52 and RM1.70, while CI Holdings and Hong Leong Bank rose 14 sen each to RM1.31 and RM10.68.
Takaso was the most actively traded counter with 99.5 million shares done. The stock rose one sen to 20.5 sen.
Other actives included Sanichi, Envair, Asia Media, Utopia, Flonic, Versatile and Compugates.
