KUALA LUMPUR: The FBM KLCI extended its losses at the mid-day break on Monday, June 13 as key Asian markets were mired in the red on worries of a slowdown in global economy.
The regional markets’ fall was also in tandem with Japan's core machinery orders that unexpectedly fell in April, suggesting a bumpy recovery from a devastating earthquake and tsunami as some companies delay capital spending until reconstruction-driven demand materialises, according to Reuters.
At 12.30pm, the FBM KLCI fell 0.51% or 7.86 points to 1.548.33, weighed by losses including at banking stocks and select blue chips. Volume was 406.84 million shares valued at RM452.07 million. Market breadth was negative as losers beat gainers by 473 to 141, while 257 counters traded unchanged.
The ringgit weakened 0.70% to 3.0410 versus the US dollar; crude palm oil futures for the third month delivery fell RM20 per tonne to RM3,220, crude oil slipped 42 cents per barrel to US$98.87 while gold fell 80 cents an ounce to US$1,530.85.
| Taiwan’s Taiex | -1.38% | 8,715.73 | ||||
| Shanghai Composite Index | -1.11% | 2,675.10 | ||||
| Nikkei 225 | -0.86% | 9,433.04 | ||||
| Hang Seng Index | -0.78% | 22,245.98 | ||||
| Singapore’s Straits Times Index | -0.60% | 3,060.03 | ||||
| Kospi | -0.05% | 2,045.70 | ||||
At the regional markets, Japan’s Nikkei 225 fell -0.86% to 9,433.04, Hong Kong’s Hang Seng Index was down -0.78% to 22,245.98, the Shanghai Composite Index fell -1.11% to 2,675.10, Taiwan’s Taiex lost -1.38% to 8,715.73, Singapore’s Straits Times Index down -0.60% to 3,060.03 while South Korea’s Kospi edged down -0.05% to 2,045.70.
On Bursa Malaysia, Genting fell 24 sen to RM11.08, BLD Plantations and Malayan Flour Mills fell 15 sen each to RM6.85 and RM7.85, BAT 14 sen to RM46.10, Milux, MSC and Ta Ann fell 11 sen each to RM1.16, RM4.79 and RM6.60 respectively. UMS and Ekovest fell 10 sen each to RM1.55 and RM2.81.
Among the banks, AMMB fell 12 sen to RM6.37, Hong Leong Bank 10 sen to RM12.92, HLFG eight sen to RM12.40, Maybank six sen to RM8.72 and RHB Capital fell four sen to RM9.86.
Compugates was the most active with 94.27 million shares done. The stock gained half a sen to 6.5 sen.
Other actives included United U-Li, Focus, XOX, MAA, Karambunai and Malton.
Among the gainers this morning, HPI was up 34 sen to RM3.76, United U-Li 30 sen to RM1.25, C.I. Holdings 25 sen to RM2.96, Dutch Lady 22 sen to RM18.20, Petronas Gas 16 sen RM11.96, Cocoaland 11 sen to RM2.20. JT International, Cycle & Carriage, EPIC added 10 sen each to RM7.30, RM4.60 and RM2.55 respectively, while Sungei Bagan was up eight sen to RM3.08.