KUALA LUMPUR (Jan 30): Losses at blue chip stocks at Bursa Malaysia dragged the FBM KLCI below the 1,515-point level on Monday as key regional markets fell ahead of more crisis talks among European Union leaders.
The FBM KLCI fell 7.33 points to close at 1,513.55, weighed by losses including at Genting, Hong Leong Bank and HLFG.
Gainers led losers by 460 to 387, while 310 counters traded unchanged. Volume was 2.31 billion shares valued at RM1.84 billion.
At the regional markets, Hong Kong’s Hang Seng Index fell 1.66% to 20,160.41, the Shanghai Composite Index lost 1.47% to 2,285.04, South Korea’s Kospi was down 1.24% to 1,940.55, Japan’s Nikkei fell 0.54% to 8,793.05 and Singapore’s Straits Times Index shed 0.96% to 2,888.96, while Taiwan’s Taiex rose 2.4% to 7,407.41.
The lack of concrete progress in Greek debt talks, which officials have said are on the verge of a deal, kept markets on edge and for the single currency there was an element of profit-taking after its strongest week in more than three months, said Reuters.
The Greek deal is needed before agreement can be reached on a second bailout package which Greece needs to meet a 14.5 billion euro repayment on its debt due in mid-March. Otherwise Athens faces a messy default that could reverberate through European and world markets, it said.
On Bursa Malaysia, BAT fell 58 sen to RM49.38, Maybulk lost 35 sen to RM2.30, Genting down 26 sen to RM10.90, Hong Leong Bank, PPB, HLFG and Nestle fell 20 sen each to RM11.50, RM16.90, RM11.70 and RM55.80 respectively, KLK 18 sen to RM25.72, while Lysaght and Parkson lost 15 sen each to RM1.75 and RM5.57.
DBE Gurney was the most actively traded counter with 155.5 million shares done. The stock fell half a sen to 13 sen.
Other actives included DRB-Hicom, TMS, Pos Malaysua and Compugates.
Among the gainers, Glenealy added 58 sen to RM7.13, Hartalega 29 sen to RM7.19, Batu Kawan and Mentiga 24 sen each to RM19.24 and 90 sen, TDM 21 sen to RM4.57, Puncak Niaga 18 sen to RM1.48 while Tradewinds PLANTATION []s and Malayan Flour Mills added 17 sen each to RM4.85 and RM4.14.
The FBM KLCI fell 7.33 points to close at 1,513.55, weighed by losses including at Genting, Hong Leong Bank and HLFG.
Gainers led losers by 460 to 387, while 310 counters traded unchanged. Volume was 2.31 billion shares valued at RM1.84 billion.
At the regional markets, Hong Kong’s Hang Seng Index fell 1.66% to 20,160.41, the Shanghai Composite Index lost 1.47% to 2,285.04, South Korea’s Kospi was down 1.24% to 1,940.55, Japan’s Nikkei fell 0.54% to 8,793.05 and Singapore’s Straits Times Index shed 0.96% to 2,888.96, while Taiwan’s Taiex rose 2.4% to 7,407.41.
The lack of concrete progress in Greek debt talks, which officials have said are on the verge of a deal, kept markets on edge and for the single currency there was an element of profit-taking after its strongest week in more than three months, said Reuters.
The Greek deal is needed before agreement can be reached on a second bailout package which Greece needs to meet a 14.5 billion euro repayment on its debt due in mid-March. Otherwise Athens faces a messy default that could reverberate through European and world markets, it said.
On Bursa Malaysia, BAT fell 58 sen to RM49.38, Maybulk lost 35 sen to RM2.30, Genting down 26 sen to RM10.90, Hong Leong Bank, PPB, HLFG and Nestle fell 20 sen each to RM11.50, RM16.90, RM11.70 and RM55.80 respectively, KLK 18 sen to RM25.72, while Lysaght and Parkson lost 15 sen each to RM1.75 and RM5.57.
DBE Gurney was the most actively traded counter with 155.5 million shares done. The stock fell half a sen to 13 sen.
Other actives included DRB-Hicom, TMS, Pos Malaysua and Compugates.
Among the gainers, Glenealy added 58 sen to RM7.13, Hartalega 29 sen to RM7.19, Batu Kawan and Mentiga 24 sen each to RM19.24 and 90 sen, TDM 21 sen to RM4.57, Puncak Niaga 18 sen to RM1.48 while Tradewinds PLANTATION []s and Malayan Flour Mills added 17 sen each to RM4.85 and RM4.14.
