Sime, Petronas Chemicals weigh on KLCI

KUALA LUMPUR: Malaysia's blue chips fell in early trade on Friday on mild profit taking of index-linked stocks including Sime Darby and Petronas Chemicals.

At 9.03am, the FBM KLCI was down 0.43 of a point to 1,705.83. Turnover was 16.92 million shares valued at RM11.63mil. There were 56 gainers, 43 losers and 80 counters unchanged.

Worries over global growth capped Asian share prices on Friday as more soft U.S. economic data and mixed U.S. earnings results further undermined investor sentiment already hit by a broad sell-off that started earlier in the week, Reuters reported.

At Bursa Malaysia, PetChem fell seven sen to RM6.39 while among plantations, Sime Darby lost five sen to RM9.40 while KL Kepong was down 16 sen to RM21.50 and PPB Group eight sen to RM12.52.

Among consumer stocks, BAT fell 40 sen to RM62.10 and Nestle 20 sen to RM61.50 in thin trade.

The world's biggest glove maker, Top Glove saw its share price slip eight sen to RM6.40 after the recent price surge on the China bird flu outbreak.

On a more positive note, MAHB gained 19 sen to RM5.94 while among the banks, HL Bank rose six sen to RM14.50 and AmBank four sen to RM6.53.

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