KUALA LUMPUR (Jan 25): The FBM KLCI reversed its earlier gains and closed lower on its first trading day of the Lunar year of the Dragon, weighed by losses at key blue chips including banking and Petronas-linked stocks.
The FBM KLCI shed 2.90 points to 1,519.76, as some investors are still on extended post-Chinese New Year holidays.
Gainers led losers by 389 to 315, while 296 counters traded unchanged. Volume was 1.34 billion shares valued at RM1.54 billion.
At the regional markets, Japan’s Nikkei 225 was up 1.12% to 8,883.69, Australia’s S&P/ASX 200 Index rose 1% to 4,329.10, South Korea’s Kospi added 0.12% to 1,952.23 and Singapore’s Straits Times Index rose 1.48% to 2,891.64.
The China, Hong Kong and Taiwan markets remained closed for the Chinese New Year holidays.
Meanwhile, European shares were lower in early trade on Wednesday, weighed by the tech sector after a sharp post-results decline for Ericsson, according to Reuters.
The mobile telecoms network gear maker sank 14% after its fourth quarter earnings came in well below forecast. That compared with more bullish results from U.S. peer Apple overnight, it said.
On Bursa Malaysia, CIMB led the losses at banking stocks and fell 12 sen to RM6.99; Maybank and Affin lost six sen each to RM8.20 and RM3.16, AMMB five sen to RM5.79, while AFG and RHB Capital shed two sen each to RM3.87 and RM7.27.
Petronas Dagangan fell 10 sen to RM17.50, Petronas Chemicals down eight sen to RM6.60 and Petronas Gas shed four sen to RM15.20.
Other decliners included Tahps, Dutch Lady, Harvest Court, LPI Capital, Toyo Ink and KESM.
Among the gainers, BAT rose 50 sen to RM50, KLK 42 sen to RM25.90, MPI 39 sen to RM3.67, Tradewinds PLANTATION []s and Malayan Flour Mills 27 sen each to RM4.53 and RM8.07, BHIC 23 sen to RM3.80, Fima Corp 21 sen to RM6.25, Hong Leong Bank 20 sen to RM11.30 and DKSH 18 sen to RM2.16.
Hibiscus, which was the most actively trade counter, was issued with an unusual market activity query.
Hibiscus rose 32 sen to RM1.52 with 53.5 million shares done while its warrants added 14.5 sen to 85 sen with 176.11 million units traded.
Other actives included DBE Gurney, JCY, Hubline, Maybulk, Compugates and CIMB.
The FBM KLCI shed 2.90 points to 1,519.76, as some investors are still on extended post-Chinese New Year holidays.
Gainers led losers by 389 to 315, while 296 counters traded unchanged. Volume was 1.34 billion shares valued at RM1.54 billion.
At the regional markets, Japan’s Nikkei 225 was up 1.12% to 8,883.69, Australia’s S&P/ASX 200 Index rose 1% to 4,329.10, South Korea’s Kospi added 0.12% to 1,952.23 and Singapore’s Straits Times Index rose 1.48% to 2,891.64.
The China, Hong Kong and Taiwan markets remained closed for the Chinese New Year holidays.
Meanwhile, European shares were lower in early trade on Wednesday, weighed by the tech sector after a sharp post-results decline for Ericsson, according to Reuters.
The mobile telecoms network gear maker sank 14% after its fourth quarter earnings came in well below forecast. That compared with more bullish results from U.S. peer Apple overnight, it said.
On Bursa Malaysia, CIMB led the losses at banking stocks and fell 12 sen to RM6.99; Maybank and Affin lost six sen each to RM8.20 and RM3.16, AMMB five sen to RM5.79, while AFG and RHB Capital shed two sen each to RM3.87 and RM7.27.
Petronas Dagangan fell 10 sen to RM17.50, Petronas Chemicals down eight sen to RM6.60 and Petronas Gas shed four sen to RM15.20.
Other decliners included Tahps, Dutch Lady, Harvest Court, LPI Capital, Toyo Ink and KESM.
Among the gainers, BAT rose 50 sen to RM50, KLK 42 sen to RM25.90, MPI 39 sen to RM3.67, Tradewinds PLANTATION []s and Malayan Flour Mills 27 sen each to RM4.53 and RM8.07, BHIC 23 sen to RM3.80, Fima Corp 21 sen to RM6.25, Hong Leong Bank 20 sen to RM11.30 and DKSH 18 sen to RM2.16.
Hibiscus, which was the most actively trade counter, was issued with an unusual market activity query.
Hibiscus rose 32 sen to RM1.52 with 53.5 million shares done while its warrants added 14.5 sen to 85 sen with 176.11 million units traded.
Other actives included DBE Gurney, JCY, Hubline, Maybulk, Compugates and CIMB.
