KUALA LUMPUR (Dec 13): The FBM KLCI retreated in early trade on Tuesday in line with the overnight slump at Wall Street and weaker opening at key regional markets, as the gloomy economic outlook for the Eurozone continued to haunt investors.
Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a "last chance" European Union summit failed to convince markets, according to Reuters.
At 9.03am, the FBM KLCI fell 9.79 points to 1,457.31.
Losers led gainers by 98 to 48, while 86 counters traded unchanged. Volume was 35.05 million shares valued at RM15.01 million.
Among the early decliners were KLK, PPB, Petronas Gas, Hong Leong Bank, Genting Plantations, AMMB, Genting, Lafarge Malayan Cement and BAT.
Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a "last chance" European Union summit failed to convince markets, according to Reuters.
At 9.03am, the FBM KLCI fell 9.79 points to 1,457.31.
Losers led gainers by 98 to 48, while 86 counters traded unchanged. Volume was 35.05 million shares valued at RM15.01 million.
Among the early decliners were KLK, PPB, Petronas Gas, Hong Leong Bank, Genting Plantations, AMMB, Genting, Lafarge Malayan Cement and BAT.
