KLCI falls more than 2 points, Msia January exports below expectations

KUALA LUMPUR: The FBM KLCI fell more than two points at midday on Friday in lacklustre trade as some profit taking were seen in selected heavyweights, alongside the weaker broader market.

Malaysia’s exports in January 2015 fell 0.6% to RM63.60bil from RM63.97bil a year ago, which was in sharp contrast to economists’ expectations of a 2.5% increase.

At 12.30pm, the KLCI fell 2.33 points to 1,803.76. Turnover was 1.043 billion shares valued at RM816.47mil. There were 303 gainers, 326 decliners and 324 counters unchanged.

Reuters reported the dollar held pole position in Asia on Friday as bulls wagered a looming US jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying.

At Bursa Malaysia, PetGas fell 14 sen to RM22.90 and PetDag eight sen to RM19.

Nestle fell 20 sen to RM74.70 and KLK 22 sen to RM22.44.

Takaful fell 20 sen to RM12.10 and Perduren 15 sen to RM2.14 

Gainers were United Plantations, up 28 sen to RM26.29.

BAT rose 24 sen to RM69.20, GAB 20 sen to RM14.70 and Carlsberg 12 sen to RM13.50.

Nikkei 225 rose 0.95% to 18,930.77

Hong Kong Hang Seng Index fell 0.01% to 24,190.98

Shanghai Stock Exchange Composite Index rose 0.13% to 3,252.57

Taiwan Stock Exchange Weighted Index rose 0.44% to 9,637.04

Korea Stock Exchange KOSPI Index rose 0.47% to 2,007.85

Straits Times Index STI rose 0.56% to 3,414.18

Crude oil (WTI) fell US$1.52 to US$49.29 and Brent rose 55 cents to US$61.03.

Spot gold rose US$1.95 to US$1,200.35.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Next In Business News

Banks: Repayment aid continues to be made available
Malayan Cement buys YTL's cement biz for RM5.16b
Teladan Setia posts net profit of RM7.1mil in 1Q
Taiwan stock crash shows world dangers of too much leverage
Philippine cenbank holds rates at record low to support pandemic-hit economy
Kerjaya Prospek announces boardroom changes after takeover for E&O
Private equity firm to buy UDG Healthcare in US$3.7b deal
Zafrul: Keeping economy open during MCO 3.0 helps protect vulnerable, businesses
US removes Xiaomi from government blacklist
Kerjaya, E&O may consider merging in 5 to 10 years, chairman says

Stories You'll Enjoy