KLCI extends losses, PetChem, Maybank weigh

  • Markets
  • Friday, 14 Nov 2014

KUALA LUMPUR: The FBM KLCI has extended its losses and fell almost four points at midday on Friday weighed by Petronas Chemicals and Maybank in tandem with the weaker regional markets.

At 12.30pm, the KLCI was down 3.34 points to 1,812.47. Turnover was 868.61 million shares valued at RM647.19mil. There were 167 gainers, 499 decliners and 274 counters unchanged.

Reuters reported Asian stocks dipped on Friday following fresh signs of slowing Chinese growth, with energy stocks depressed across the region as crude oil hovered near a four-year low in an oversupplied market.

China's economy lost further momentum in October, with factory growth dipping and investment growth hitting a near 13-year low.

At Bursa Malaysia, PetChem fell 25 sen to RM5.60, erasing 3.4 points from the index while Maybank eight sen to RM1.53, erasing 1.3 points.

TimeCom fell 13 sen to Rm4.96 and MAHB 22 sen to RM6.58.

DKSH fell 26 sen to RM6.28 and Tasco 15 sen to RM3.10.

Gainers were PresBhd, up eight sen to RM1.51 and PetGas 14 sen to RM21.60.

BAT rose RM1 to RM69.50 and Carlsberg 14 sen to RM10.58.

POS rose nine sen to RM4.99 and GenP eight sen to RM10.32.

Among key regional markets:

Nikkei 225 fell 0.25% to 17,348.98

Hong Kong Hang Seng Index rose 0.08% to 24,038.23

Shanghai Stock Exchange Composite Index fell 0.52% to 2,472.71

Taiwan Stock Exchange Weighted Index fell 0.1% to 8,971.52

Korea Stock Exchange KOSPI Index fell 0.93% to 1,942.25

Straits Times Index STI rose 0.13% to 3,309.21

Crude oil rose 11 cents to US$74.32 and Brent 58 cents to US$78.07.

Spot gold fell US$3.03 to US$1,159.52.

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