KUALA LUMPUR (March 22) : The FBM KLCI erased earlier losses to settle in positive territory at midday as Asian stock markets fell on weaker economic sentiments in China.
This follows updates that the HSBC flash PMI, a gauge for China's industrial activity, declined to 48.1 in March from 49.6 in February .
In Malaysia, the 30-stock FBM KLCI rose 3.05 points to 1,585.58 at 12.30pm with 1.75 billion shares worth RM665.79 million traded. There were 312 gainers versus 334 decliners while 326 stocks were unchanged.
Among Asian indices, Hong Kong’s Hang Seng fell 0.02% to 20,851.9 points, South Korea’s Kospi lost 0.26% to 2,021.94 while the Shanghai Composite was down 0.42% to 2,368.19
Ar Bursa Malaysia, the top gainer KUALA LUMPUR KEPONG BHD [] added 48 sen to RM23.90 while BAT was up 38 sen to RM53.58.
Decliners include Far East which fell 13 sen to RM7.27 while Nestle was down 12 sen to RM55.88.
Most active was 1Utopia which added 2.5 sen to 10 sen with some 242 million shares done.
This follows updates that the HSBC flash PMI, a gauge for China's industrial activity, declined to 48.1 in March from 49.6 in February .
In Malaysia, the 30-stock FBM KLCI rose 3.05 points to 1,585.58 at 12.30pm with 1.75 billion shares worth RM665.79 million traded. There were 312 gainers versus 334 decliners while 326 stocks were unchanged.
Among Asian indices, Hong Kong’s Hang Seng fell 0.02% to 20,851.9 points, South Korea’s Kospi lost 0.26% to 2,021.94 while the Shanghai Composite was down 0.42% to 2,368.19
Ar Bursa Malaysia, the top gainer KUALA LUMPUR KEPONG BHD [] added 48 sen to RM23.90 while BAT was up 38 sen to RM53.58.
Decliners include Far East which fell 13 sen to RM7.27 while Nestle was down 12 sen to RM55.88.
Most active was 1Utopia which added 2.5 sen to 10 sen with some 242 million shares done.
