KUALA LUMPUR: Local bourse benchmark FBM KLCI ended the morning session in a negative territory at mid-day in line with the weak performance of its regional peers.
The benchmark index was down 2.48 points to 1,668.51 weighted down by selected heavyweight stocks.
At 12.30 pm today, there were 274 gainers, 400 losers and 353 counters traded unchanged on the Bursa Malaysia. Turnover was at 780.793 million shares valued at RM592.549mil.
Last Friday, US markets ended lower led by energy counters after oil prices declined. Similarly, European stocks were negative after slower manufacturing data.
Following the bearish performance in the US and Europe, JF Apex saod the FBM KLCI could take a breather and trend below the resistance of 1,675 points after last week’s rebound.
Leading the top gainers, Dutch Lady
added 52 sen to RM59.42, Globetronics rose 22 sen to RM3.70 while FCW Holding gained 21 sen to RM1.20.
Of top losers, Malaysia Airports fell 19 sen to RM6.61, Hong Leong Financial Group reduced 18 sen to RM15.82 and PPB lost 14 sen to RM16.14.
Among heavyweights, Maybank was down 1 sen to RM7.66, Sime Darby fell 13 sen to RM7.77, Genting Bhd lost 10 sem to RM8.08.
Spot gold was down US$3.85 to US$1,333.71 per ounce.
The ringgit was quoted at 4.1363 against the greenback while West Texas Intermediate oil rose to US$44.80 while Brent crude climbed to US$46.25 per barrel.
Among the key regional markets,
Japan’s Nikkei 225 fell 0.86% to 16,610.23;
Hong Kong’s Hang Seng Index is down 0.74%to 23,511.06;
CSI 300 fell 0.82% to 3,248.78;
Taiwan’s Taiex fell 1% to 9,191.58;
South Korea’s Kospi eased 0.39% to 2,046.01 and
Singapore’s Straits Times Index declined 0.33% to 2,847.56.
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