Wednesday, 15 February 2012

KLCI slips in early trade, select blue chips weigh

KUALA LUMPUR (Feb 15): The FBM KLCI slipped in early trade on Wednesday, weighed by select blue chips in cautious sentiment ahead of Bank Negara Malaysia announcing the fourth quarter 2011 gross domestic product growth data.

Meanwhile, regional markets consolidated on Wednesday as investors waited on Greece to demonstrate its commitment to deliver harsh reforms in exchange for a vital rescue deal, while European officials scaled back expectations Athens will live up to its promises, according to Reuters.

At 9.05am, the FBM KLCI was down 2.16 points to 1,563.89.

Gainers led losers by 124 to 72, while 137 counters traded unchanged. Volume was 64.07 million shares valued at RM30.86 million.

Among the early decliners were GAB, Carlsberg, Hibiscus, MBM Resources, Naim Indah Corp, JCY International and CIMB.



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