Thursday, 3 May 2012

KLCI weighed down by US and Europe economic data

KUALA LUMPUR (May 3) : Malaysians stocks fell on Thursday morning in tandem with Asian bourses after US markets finished weaker in overnight trade.

Global investors have responded negatively to fresh updates on slower private-sector hiring in the US and weaker factory output figures from Europe.

At 9.59am, the FBM KLCI fell 2.44 points to 1,579.95. Across the exchange, some 321 million shares worth RM164 million were traded, leading to 155 gainers versus 173 decliners.

Top gainers include HARTALEGA HOLDINGS BHD [] which added 28 sen to RM8.08 while AIRASIA BHD [] rose 14 sen to RM3.47.

Among decliners, DUTCH LADY MILK INDUSTRIES BHD [] was down 40 sen to RM33 while PPB GROUP BHD [] fell 16 sen to RM16.54.

Most actively-traded was Naim Indah Corp Bhd which fell 0.5 sen to 51 sen with some 34 million shares transacted.

Across Asia, Australia’s S&P/ASX 200 added 0.02% to 4,437 points, South Korea’s Kospi fell 0.2% to 1,995.01, while Singapore’s Straits Times was down 0.05% to 3,004.66. The Japan bourse is closed for a public holiday.

Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or for more details.
Related Posts Plugin for WordPress, Blogger...