KUALA LUMPUR: The KLCI extended its losses and closed Thursday on a softer note, down nearly 11 points with a weaker broader market as investors sentiments were weighed by the fall of oil prices, China's weak economic data and the Fed's meeting next week.
At 5pm, the KLCI fell 10.71 points to 1,648.65. Turnover was 2.05 billion shares valued at RM1.94bil. There were 294 gainers, 541 decliners and 322 counters unchanged.
Reuters reported that Asian stocks slipped on Thursday as weak oil prices continued to feed global growth worries, while the euro held solid gains after a policymaker poured cold water on market expectations of more easing by the European Central Bank.
At Bursa Malaysia, BAT fell RM2.80 to RM53.10.
KL Kepong fell 82 sen to RM21.96 and Bursa 14 sen to RM8.34.
UMW fell 16 sen to RM7.82 and HLFG 16 sen to RM13.72.
Gainers were TopGlove, up 68 sen to RM11.32 and Kossan nine sen to RM8.83.
GTronic rose 10 sen to RM6.76 and HLBank 10 sen to RM13.20.
US light crude oil rose four cents to US$37.20
Brent rose 15 cents to US$40.26
Crude palm oil for third-month delivery fell RM16 to RM2,368
The ringgit strengthened against the dollar at 4.2632 against 4.2705 the previous close.
Among the key regional markets,
Japan’s Nikkei 225 fell 1.32% to 19,046.55
Hong Kong’s Hang Seng Index fell 0.45% to 21,704.61
Shanghai’s Composite Index fell 0.49% to 3,455.50
Taiwan’s Taiex fell 0.16% to 8,216.17
South Korea’s Kospi rose 0.2% to 1,952.07
Singapore’s Straits Times Index fell 0.44% to 2,848.46
Spot gold rose 78 cents to US$1,073.56
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