KUALA LUMPUR (Jan 30): Blue chips fell in the afternoon trade on Monday, with Genting and Hong Leong Bank among the major losers despite the broader market displaying more resilience.
At 3.14pm, the KLCI was down 6.93 points to 1,513.97. Turnover was 1.66 billion shares valued at RM1.11 billion. Advancing counters beat decliners 462 to 340 while 292 stocks were unchanged.
European stock index futures pointed to a lower open on Monday as investors continued to book profits after a six-week rally, awaiting to see the details of Greece's debt swap deal and the outcome of yet another European summit, Reuters reported.
China shares fell 1.5% on Monday, with Chinese banks among the top drags after an expected cut in reserve requirement ratio by Beijing failed to materialise over the week-long Lunar New Year holiday.
The Shanghai Composite Index slipped to 2,285.04 points, dipping below the 2,300 level which it only broke on the Friday before the market closed for the new year break
At Bursa Malaysia, consumer stock BAT was down 62 sen to RM49.34 while Nestle lost 30 sen to RM55.70.
Genting lost 26 sen to RM10.90, HL Bank 20 sen to RM11.50 and PPB 30 sen to RM16.80.
Among PLANTATION []s, KLK lost 18 sen to RM25.72 but Batu Kawan added 22 sen to RM19.2, Tradewinds Plantations 21 sen to RM4.89 and Sarawak Plantations 17 sen to RM3.
Maybulk gave up part of the recent gains, falling 29 sen to RM2.36. The company said it was unaware of the surge in the share price and volume last week.
However, on the positive side, takeover targets, Glenealy jumped 57 sen to RM7.1`2 and Lingui 16 sen to RM1.52.
TDM rose to a historic high, up 22 sen to RM4.58, extending its gains from last week and spurred on by comments from Maybank IB Research that the company could be a strategic privatisation target for its relatively low valuation.
At 3.14pm, the KLCI was down 6.93 points to 1,513.97. Turnover was 1.66 billion shares valued at RM1.11 billion. Advancing counters beat decliners 462 to 340 while 292 stocks were unchanged.
European stock index futures pointed to a lower open on Monday as investors continued to book profits after a six-week rally, awaiting to see the details of Greece's debt swap deal and the outcome of yet another European summit, Reuters reported.
China shares fell 1.5% on Monday, with Chinese banks among the top drags after an expected cut in reserve requirement ratio by Beijing failed to materialise over the week-long Lunar New Year holiday.
The Shanghai Composite Index slipped to 2,285.04 points, dipping below the 2,300 level which it only broke on the Friday before the market closed for the new year break
At Bursa Malaysia, consumer stock BAT was down 62 sen to RM49.34 while Nestle lost 30 sen to RM55.70.
Genting lost 26 sen to RM10.90, HL Bank 20 sen to RM11.50 and PPB 30 sen to RM16.80.
Among PLANTATION []s, KLK lost 18 sen to RM25.72 but Batu Kawan added 22 sen to RM19.2, Tradewinds Plantations 21 sen to RM4.89 and Sarawak Plantations 17 sen to RM3.
Maybulk gave up part of the recent gains, falling 29 sen to RM2.36. The company said it was unaware of the surge in the share price and volume last week.
However, on the positive side, takeover targets, Glenealy jumped 57 sen to RM7.1`2 and Lingui 16 sen to RM1.52.
TDM rose to a historic high, up 22 sen to RM4.58, extending its gains from last week and spurred on by comments from Maybank IB Research that the company could be a strategic privatisation target for its relatively low valuation.
