KUALA LUMPUR: Genting Bhd
, Globetronics and Public Bank were the top losers at the midday break on Tuesday where the FBM KLCI fell nearly 13 points towards the key 1,700 level, mirroring the weaker key regional markets.
At 12.30pm, the KLCI was down 12.43 points or 0.72% to 1,702.08. Turnover was 1.32 billion shares valued at RM867.61mil. Decliners beat advancers more than four to one, with 565 losers and 165 gainers while 316 counters were unchanged.
The ringgit weakened against key currenices, sliding to 3.9395 to the US dollar from 3.9075 while it was at 5.7092 to the pound sterling from 5.6416 and slipped against the Singapore dollar to 2.9090 from 2.8875. It fell against the euro to 4.4377 from 4.3986.
Genting Bhd fell 31 sen to RM9.09 and erased 1.93 points from the KLCI. Genting Malaysia shed two sen to RM4.52. Tenaga Nasional lost eight sen to RM14.42 and erased 0.75 of a point.
Among the banks, Public Bank fell 26 sen to RM18.86 and wiped out 1.68 points, AmBank three sen to RM4.59, RHB Capital and Maybank two sen each to RM6.11 and RM8.99 and Hong Leong Bank two sen also to RM13.60.
Semicon company Globetronics lost 31 sen to RM4.13 in rising volume of 17.93 million shares done, hitting an intra-day low of RM3.95 or down 11% on concerns about its contracts.
Crude palm oil for third month delivery rose RM9 to RM2,664 per tonne on Fitch Ratings' positive outlook for the price.
KL Kepong fell 16 sen to RM23.90, PPB Group 10 sen to RM16.30, Sime Darby shed two senb to RM7.93 while IOI Corp was flat at RM4.43.
US light crude oil rose seven cents to US$42.71 and Brent added 13 cents to US$44.61. Petronas Gas added two sen to RM21.98, Petronas Chemicals shed one sen to RM6.69 but Petronas Dagangan fell 26 sen to RM23.82, giving up all of its previous day's late gains. SK Petro inche dup one sen to RM1.76.
Consumer stocks were among the top gainers, with Dutch Lady up 34 sen to RM53.24, GAB 30 sen higher at RM15, F&N added 10 sen to RM22.38.
Tanah Makmur was among the gainers, climbing 19 sen to RM1.66 after its major shareholder, Pahang Crown Prince Tengku Abdullah Al-Haj Sultan Ahmad Shah,and the parties acting in concert have proposed to take the group private at RM1.80 a share.
Spring Gallery fell six sen to RM1.16 in active trade. There were 15.66 million shares done at prices ranging from RM1.13 to RM1.43 after it was queried by Bursa Malaysia Securities.
Among the key regional markets,
Japan’s Nikkei 225 fell 1.27% to 17,216.97;
Hong Kong’s Hang Seng Index fell 0.81% to 21,131.32;
CSI 300 lost 0.2% to 3,155.79;
Shanghai’s Composite Index lost 0.28% to 2,938.52;
Shenzhen Composite shed 0.12% to 1,857.59;
Hang Seng China Enterprise fell 1.14% to 8,883.68;
Taiwan’s Taiex inched up 0.13% to 8,571.76;
South Korea’s Kospi eased 0.07% to 2,013.20 and
Singapore’s Straits Times Index fell 0.6% to 2,882.84.
Spot gold lost US$2.34 to US$1,235.64.
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