Friday, 20 April 2012

Malaysian stocks ease on global weakness

KUALA LUMPUR (April 20) : Malaysians stocks fell on Friday morning in tandem with regional peers following a weaker overnight close across US markets. Global markets had reacted negatively to less-optimistic employment updates in the US, and rising yields for Spain government bonds.

Analysts said external factors could have the upper hand in dictating the FBM KLCI, prompting the anticipation of a further decline in the 30-stock benchmark.

“External headwinds will probably persist to push down our Malaysian bourse today,” HwangDBS Vickers Research Sdn Bhd wrote in note.

At 10am, the FBM KLCI fell 2.52 points to 1,594.1. Across the exchange, some 257 million shares worth RM148 million were traded, leading to 163 gainers versus 167 decliners.

Top gainers KUALA LUMPUR KEPONG BHD [] added 36 sen to RM24.16, while JAYA TIASA HOLDINGS BHD [] was up 32 sen to RM10.

Among decliners, GENTING BHD [] fell 12 sen to RM10.80 while HONG LEONG INDUSTRIES BHD [] was down 10 sen to RM4.12.

Most active was Ariantec Global Bhd which rose 1.5 sen to 19 sen with some 42 million shares done.

Among Asian bourses, Japan’s Nikkei 225 fell 0.44% to 9,545.96 points, South Korea’s Kospi was down 1.25% to 1,974.93, while Australia’s S&P/ ASX 200 declined 0.17% to 4,355.4.

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