KUALA LUMPUR: The FBM KLCI fell nearly 13 points at midday on Wednesday amid the mixed regional markets, as well as being the worst performer amongst key Asian equities, dropping 0.55% year-to-date.
At 12.30pm, the KLCI stumbled 12.43 points or 0.7% to 1,751.64. Turnover was 948.94 million shares valued at RM832mil. There were 163 gainers, 536 decliners and 262 counters unchanged.
Reuters reported that Asian stocks sagged and the dollar stood tall on Wednesday on growing prospects the Federal Reserve was on track to raise interest rates later this year and concerns that financial woes could engulf Spain in addition to Greece.
JF Apex said in a note that the KLCI could come under more selling pressure and extend its downtrend after testing it's support at 1,760 points.
At Bursa Malaysia, PBBank fell 30 sen to RM18.70, MAHB 21 sen to RM6.43 and KLK 30 sen to RM21.54.
Top Glove fell 15 sen to RM5.41 and LPI 14 sen to RM14.28.
Gainers were BJAuto, up seven sen to RM3.65, PetDag 20 sen to RM19.88 and PetronM eight sen to RM2.90.
HLFG rose 14 sen to RM15.94 and TahPs 10 sen to RM6.80.
US light crude oil rose 36 cents to US$58.39.
Brent rose 19 cents to US$63.91.
Crude palm oil for third-month delivery rose RM4 to RM2,189.
The ringgit strengthened against the dollar at 3.625 from 3.629 the previous day.
Among the key regional markets,
Japan’s Nikkei 225 rose 0.2% to 20,477.4
Hong Kong’s Hang Seng Index fell 0.57% to 28,087.68
Shanghai’s Composite Index rose 0.16% to 4,918.79
Taiwan’s Taiex rose 0.39% to 9,707.60
South Korea’s Kospi fell 1.55% to 2,110.36
Singapore’s Straits Times Index fell 1.15% to 3,420.21
Spot gold rose US$1,26 to US$1,188.56
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