Midday Market KLCI remains in the red as key banking stocks fall

Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Thursday, 09 May 2013 12:46
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KUALA LUMPUR (May 9): The FBM KLCI fell 0.35% at the midday
break on Thursday, weighed by losses at select blue chips including
CIMB, Maybank and Public Bank.
At 12.30pm, the FBM KLCI fell 6.34 points to 1,767.66.
Gainers led losers by 400 to 211, while 273 counters traded
unchanged. Volume was 1.33 billion shares valued at RM1.29 billion.
The top losers included Petronas Dagangan, CIMB, Nestle, Maybank,
Bintulu Port, Public Bank, Sarawak Oil Palms, KLK and Timecom.
The actives included MAS, CLIQ, Alam Maritim, Luster, Scomi, Perisai,
Astro and Zelan.
The gainers included BAT, KLCC, Carlsberg, GAB, Tasek, Lysaght, Panasonic, IOI Corp, Aeon Credit and Gold IS.
Meanwhile, encouraging global data and Wall Street's extended record run underpinning Asian shares on Thursday, with
Japanese stocks leading the way to within striking distance of fresh five-year highs, according to Reuters.
Global equities and the euro rose overnight, buoyed by strong Chinese trade data and signs that Germany may escape a
sharp slowdown after the euro zone's largest economy said its industrial output unexpectedly rose in March, following a
similarly surprising rise in industrial orders, it said.