Friday 26 Apr 2024
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KUALA LUMPUR: All key regional markets were in the red at the midday break on Sept 28 on concerns about the strength of the recovery in the US economy while prices of commodities including gold, crude palm oil and oil fell.

At 12.30pm, the FBM KLCI fell 10.25 points or 0.84% to 1,207.14. Turnover was 258.60 million shares valued at RM319.59 million. Declining stocks beat advancers nearly three to one, with 398 losers to 131 gainers while 201 stocks were unchanged.

Gold prices fell US$2.80 to US$988.20, the lowest since Sept 2 while third month CPO skidded RM63 to RM2,123 per tonne and oil declined 43 cents to US$65.59. The ringgit weakened by 0.2% to the US dollar.

Among Asian markets, Japan's Nikkei 225 fell 2.51% to 10,008.46, Hong Kong's Hang Seng Index lost 1.66% to 20,675.82, Shanghai's Composite Index 0.33% lower at 2,829.59 and Singapore's Straits Times Index 1.21% lower at 2,630.49.

At Bursa, the plantation index fell 75.3 points to 55,917.61. Far East fell the most among the plantations, down 15 sen to RM6.15, IOI Corp and KL Kepong down 12 sen each to RM5.22 and RM13.86 while Genting Plantations gave up 11 sen to RM6.14.

Allianz was the top loser, down 38 sen to RM4.40 with only 100 shares done. MISC gave up 25 sen to RM8.94 with only 100 shares done also.

Bursa gave up 15 sen to RM8.11, BHIC 15 sen lower to RM4.90 and MBMR 12 sen RM2.20.

KNM was the most active with 10 million shares transacted, down one sen to 77.5 sen.

LFP Corp rose 4.5 sen to 45.5 sen after it was queried by Bursa Securities over the unusual market activity over the trading in the shares.

Sinora was the top gainer, adding 30 sen to 91.5 sen; HSL 12.5 sen to RM1.12 and Subur Tiasa seven sen RM3.38.

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