KUALA LUMPUR (Feb 16): Shares of Tenaga Nasional and Public Bank weighed on the FBM KLCI on Thursday as investors became more cautious in line with the key regional markets, all of which were in the red.
Reuters reported that European shares fell and the euro eased to a three-week low on Thursday as a delay in a decision on a crucial bailout for Greece unnerved investors and prompted a halt in the rally for riskier assets like equities that has marked the start of 2012.
At 5pm, the KLCI was down 10.81 points or 0.69% to 1,550.49, the lowest since Feb 2. Turnover was 2.19 billion shares valued at RM1.97 billion.
The broader market showed more signs of weakness as the declining counters beat advancers 668 to 239, the largest margin in recent days, and putting a halt in the recent rally.
All key regional markets were in the red. Japan’s Nikkei 225 fell 0.24% to 9,238.10, Hong Kong’s Hang Seng Index 0.41% to 21,277.20, Shanghai’s Composite Index 0.42% to 2,356.86, Taiwan’s Taiex 1.69% to 7,869.70, South Korea’s Kospi 1.38% to 1,997.45 and Singapore’s Straits Times Index 1.14% to 2,977.20.
Light crude oil fell 69 cents to US$101.11. The ringgit weakened to 3.0592 against the US dollar.
At Bursa Malaysia, Tenaga fell 13 sen to RM6, pushing the KLCI down by 1.66 points.
Public Bank lost 12 sen to RM13.64, nudging the index down by 1.34 points, CIMB five sen to RM7.25 and Maybank three sen to RM8.50.
PLANTATION []s were also among the major decliners as crude palm oil third-month futures slipped RM8 to RM3,193 per tonne. KLK fell 58 sen to RM24.80, Batu Kawan 46 sen to RM19.52, Chin Tek and BLD Plantations 20 sen each to RM8.80 and RM10 while Sime Darby shed seven sen to RM9.54. However, United Plantations added 32 sen to RM22.66.
Among Petronas-related counters, Petronas Dagangan fell 40 sen to RM17.82 with volume seen picking up to 1.50 million shares done while Petronas Gas lost 28 sen to RM16.36.
Naim Indah Corp was the most active with 188.94 million shares done, up 3.5 sen to 55.5 sen. MUI PROPERTIES [] gained 7.5 sen to 22.5 sen and Compugates 0.5 sen to 11.5 sen.
Among the gainers were Dialog-WA, surging 31 sen to 65.5 sen while Cypark advanced 24 sen to RM1.87.
Reuters reported that European shares fell and the euro eased to a three-week low on Thursday as a delay in a decision on a crucial bailout for Greece unnerved investors and prompted a halt in the rally for riskier assets like equities that has marked the start of 2012.
At 5pm, the KLCI was down 10.81 points or 0.69% to 1,550.49, the lowest since Feb 2. Turnover was 2.19 billion shares valued at RM1.97 billion.
The broader market showed more signs of weakness as the declining counters beat advancers 668 to 239, the largest margin in recent days, and putting a halt in the recent rally.
All key regional markets were in the red. Japan’s Nikkei 225 fell 0.24% to 9,238.10, Hong Kong’s Hang Seng Index 0.41% to 21,277.20, Shanghai’s Composite Index 0.42% to 2,356.86, Taiwan’s Taiex 1.69% to 7,869.70, South Korea’s Kospi 1.38% to 1,997.45 and Singapore’s Straits Times Index 1.14% to 2,977.20.
Light crude oil fell 69 cents to US$101.11. The ringgit weakened to 3.0592 against the US dollar.
At Bursa Malaysia, Tenaga fell 13 sen to RM6, pushing the KLCI down by 1.66 points.
Public Bank lost 12 sen to RM13.64, nudging the index down by 1.34 points, CIMB five sen to RM7.25 and Maybank three sen to RM8.50.
PLANTATION []s were also among the major decliners as crude palm oil third-month futures slipped RM8 to RM3,193 per tonne. KLK fell 58 sen to RM24.80, Batu Kawan 46 sen to RM19.52, Chin Tek and BLD Plantations 20 sen each to RM8.80 and RM10 while Sime Darby shed seven sen to RM9.54. However, United Plantations added 32 sen to RM22.66.
Among Petronas-related counters, Petronas Dagangan fell 40 sen to RM17.82 with volume seen picking up to 1.50 million shares done while Petronas Gas lost 28 sen to RM16.36.
Naim Indah Corp was the most active with 188.94 million shares done, up 3.5 sen to 55.5 sen. MUI PROPERTIES [] gained 7.5 sen to 22.5 sen and Compugates 0.5 sen to 11.5 sen.
Among the gainers were Dialog-WA, surging 31 sen to 65.5 sen while Cypark advanced 24 sen to RM1.87.
