KUALA LUMPUR (Jan 16): The FBM KLCI fell below the 1,520-point level on Monday as key regional markets retreated, spooked by Standard & Poor’s cut of the sovereign debt rating of nine of the euro zone's 17 countries.
At the mid-day break, the FBM KLCI fell 11.15 points to 1,511.92, weighed by losses at select blue chips including Genting, Petronas Dagangan and Genting PLANTATION []s.
Market breadth was negative with losers beating gainers by 486 to 141, while 256 counters traded unchanged.
The ringgit weakened 0.51% to 3.1481 versus the US dollar; crude palm oil futures fell RM23 per tonne to RM3,125, crude oil gained 18 cents per barrel to US$98.88 while gold slipped US$1.60 an ounce to US$1,637.40.
Asian markets fell as worries that European financial troubles would hurt the global economy and sap appetite for commodities weighed on industrial metals such as copper, while a shift to perceived safe haven assets boosted Japanese government bonds, according to Reuters.
Japan’s Nikkei 225 fell 1.54% to 8,369.23, Hong Kong’s Hang Seng Index lost 0.95% to 19,021.80, South Korea’s Kospi was down 1.56% to 1,846.43, Singapore’s Straits Times Index lost 1.25% to 2,756.74, Taiwan’s Taiex fell 0.87% to 7,118.79 and the Shanghai Composite Index shed 0.56% to 2,231.98.
On Bursa Malaysia, Dutch Lady and BAT fell 52 sen each to RM25.26 and RM49.24, Genting down 24 sen to RM10.64, Milux 21 sen to RM1.23, Petronas Dagangan 20 sen to RM17.20, F&N 18 sen to RM18.72, Degem 16 sne to 90 sen, Parkson 15 sen to RM5.55, Genting Plantations 13 sen to RM8.98 while Mentiga fell 12.5 sen to 67 sen.
Compugates was the most actively traded counter with 114.1 million shares done. The stock added one sen to 8 sen.
Other actives included Asia Media, Ingenuity Solutions, RedTone, Digistar, Can-One, YTL Land, Hubline and Hovid.
Gainers included Can-One, Supermax, Far East, Tasek, Kian Joo, Eng Kah and Aeon.
At the mid-day break, the FBM KLCI fell 11.15 points to 1,511.92, weighed by losses at select blue chips including Genting, Petronas Dagangan and Genting PLANTATION []s.
Market breadth was negative with losers beating gainers by 486 to 141, while 256 counters traded unchanged.
The ringgit weakened 0.51% to 3.1481 versus the US dollar; crude palm oil futures fell RM23 per tonne to RM3,125, crude oil gained 18 cents per barrel to US$98.88 while gold slipped US$1.60 an ounce to US$1,637.40.
Asian markets fell as worries that European financial troubles would hurt the global economy and sap appetite for commodities weighed on industrial metals such as copper, while a shift to perceived safe haven assets boosted Japanese government bonds, according to Reuters.
Japan’s Nikkei 225 fell 1.54% to 8,369.23, Hong Kong’s Hang Seng Index lost 0.95% to 19,021.80, South Korea’s Kospi was down 1.56% to 1,846.43, Singapore’s Straits Times Index lost 1.25% to 2,756.74, Taiwan’s Taiex fell 0.87% to 7,118.79 and the Shanghai Composite Index shed 0.56% to 2,231.98.
On Bursa Malaysia, Dutch Lady and BAT fell 52 sen each to RM25.26 and RM49.24, Genting down 24 sen to RM10.64, Milux 21 sen to RM1.23, Petronas Dagangan 20 sen to RM17.20, F&N 18 sen to RM18.72, Degem 16 sne to 90 sen, Parkson 15 sen to RM5.55, Genting Plantations 13 sen to RM8.98 while Mentiga fell 12.5 sen to 67 sen.
Compugates was the most actively traded counter with 114.1 million shares done. The stock added one sen to 8 sen.
Other actives included Asia Media, Ingenuity Solutions, RedTone, Digistar, Can-One, YTL Land, Hubline and Hovid.
Gainers included Can-One, Supermax, Far East, Tasek, Kian Joo, Eng Kah and Aeon.
