KUALA LUMPUR (Feb 12): The FBM KLCI fell 09.88% at mid-morning on Thursday, weighed by losses including at Tenaga Nasional Bhd and Petronas-linked stocks.
Petronas Dagangan and Petronas Gas are expected to release their quarterly earnings today and tomorrow respectively.
At 10.03am, the FBM KLCI fell 15.85 points to 1,783.10.
The top losers included Tenaga Nasional Bhd, Petronas Dagangan Bhd, Petronas Gas Bhd, Tasek Corporation Bhd, Dutch Lady Milk Industries Bhd, UMW Holdings Bhd, Kuala Lumpur Kepong Bhd, PPB Group Bhd and Malayan Banking Bhd.
The actives included Perisai Petroleum Teknologi Bhd, Tenaga, KNM Group Bhd, TH Heaby Engineering Bhd, Sumatec Resources Bhd and Daya Materials Bhd.
The gainers included Danainfra Nasional Bhd, LPI Capital Bhd, Kossan Rubber Industries Bhd, Manulife Holdings Bhd, CI Holdings Bhd, Carlsberg Brewery (M) Bhd, Guiness Anchor Bhd and Yee Lee Corporation Bhd.
Asian stocks and the euro dipped on Thursday as markets erred on the side of caution over the ongoing Greek debt negotiations amid conflicting headlines on progress in the talks, according to Reuters.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent. South Korea's Kospi lost 0.2 percent. Japan's Nikkei bucked the trend and gained 1.6 percent thanks to a significantly weaker yen, it said.
Hong Leong IB Research said the FBM KLCI’s technical outlook has deteriorated following yesterday’s selldown.
“External and internal headwinds will continue to pressure the FBM KLCI lower ahead of Chinese New Year holidays next week,” it said.