KUALA LUMPUR: Key regional markets including Bursa Malaysia fell on Monday after the collapse in the Doha oil talks and the impact of the earthquake on Japan’s manufacturing sector.
At 10.45am, the KLCI was down 12.97 points or 0.75% to 1,715.02. Turnover was 645.72 million shares valued at RM301.06mil. There were 389 losers to 164 gainers while 264 counters unchanged.
Among the major losers on Bursa were plantations, Petronas related stocks, UMW and Sime Darby.
Tumbling crude oil futures dragged down Asian shares on Monday after producers' weekend talks failed to agree a plan to curb the global supply glut, and Tokyo shares dropped as investors assessed the impact of a devastating earthquake in southwestern Japan, Reuters reported.
Some 18 oil exporting nations had gathered in Doha, the capital of Qatar, in an attempt to agree stabilising output at January levels until October 2016. The pact fell apart after Saudi Arabia demanded that Iran join in.
Brent crude futures tumbled about 4.6% to US$41.10 while US crude slid about 5.2% to US$38.26.
At Bursa, HLFG lost 30 sen to RM15.50, KL Kepong 26 sen to RM23.74, MAHB 14 sen to RM6.54 and Sime Darby 12 sen to RM7.85.
Petronas Dagangan and Petronas Gas fell 14 sen each to RM23.82 and RM21.94. UMW was down 13 sen to RM6.79.
Ajinomoto was the top gainer, up 22 sen to RM9 on a positive outlook for the company. Kian Joo rose 11 sen to RM3.25 and Scientex 10 sen to RM13.08.
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