KUALA LUMPUR: Public Bank was the top loser in mid-morning trade on Wednesday as the FBM KLCI slumped more than 21 points as investors reacted to the contraction in China’s manufacturing output.
At 10.27am, the KLCI was down 21.37 points or 1.31% to 1,614. Turnover was 582.36 million shares valued at RM452.15mil. Decliners beat advancers 388 to 150 while 218 counters were unchanged.
MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 2% on Wednesday after a survey showed activity in China's factory sector unexpectedly shrank to a 6-1/2 year low in September, according to Reuters.
Public Bank fell the most, down 36 sen to RM17.76, Hong Leong Bank fell 16 sen to RM13.22 and Maybank lower by 13 sen to RM8.39 and HLFG shedding 12 sen to RM14.12.
Plantations also fell, with KL Kepong giving up 24 sen to RM21.30 and Sime Darby 15 sen lower at RM7.38.
Genting Bhd
fell 21 sen to RM7.30. AirAsia lost three sen to RM1.34 in active trade.
On a positive note, Triplc added 20 sen to RM1.37, KESM 15 sen to RM4.22 and Toip Glove 10 sen to RM7.79.
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