Wednesday, 7 March 2012

KLCI falls in early trade, Genting weighs

KUALA LUMPUR (March 7): The FBM KLCI fell in early trade on Wednesday, weighed by losses at blue chips, in line with the overnight fall at Wall Street and European markets, as well as on weaker trade sentiment at major regional bourses.

Asian stocks retreated on concerns over Greek debt default resurfaced uncertainty on China and Europe's economic outlook weighed on global shares, according to Reuters.

The FBM KLCI fell 13.38 points to1,576.53 at 9.05am. Losers led gainers by 2558 to 35, while 122 counters traded unchanged.

At Bursa Malaysia, HLFG fell 38 sen to RM12.12, KLK down 26 sen to RM23.02, Genting 18 sen to RM10.74, Panasonic and GAB 14 sen each to RM22 and RM13.62, IJM PLANTATION []s 12 sen to RM3.21 while Hong Leong Bank and Carslberg lost 10 sen each to RM12.30 and RM10.30.

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