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KLCI slips in early trade as Asian markets fall
by hlk Thu 20 Oct 2011, 10:23
KUALA LUMPUR: The FBM KLCI slipped into negative territory in early trade on Thursday, Oct 20 in line with lower overnight close at Wall Street and the weaker opening at regional markets.
Asian stocks fell on Thursday, as growing investor caution about taking risks ahead of a key European leaders' summit at the weekend weighed on riskier assets across the board and supported safe-haven government bonds.
At 9.05am, the FBM KLCI lost 12.58 points to 1,437.67, weighed by losses at blue chip stocks.
Losers beat gainers by 117 to 51, while 81 counters traded unchanged.
Among the early decliners were DiGi, KLK, PPB, MISC, Petronas Gas, Hong Leong Bank, UMW, Genting and Petronas Dagangan.
Asian stocks fell on Thursday, as growing investor caution about taking risks ahead of a key European leaders' summit at the weekend weighed on riskier assets across the board and supported safe-haven government bonds.
At 9.05am, the FBM KLCI lost 12.58 points to 1,437.67, weighed by losses at blue chip stocks.
Losers beat gainers by 117 to 51, while 81 counters traded unchanged.
Among the early decliners were DiGi, KLK, PPB, MISC, Petronas Gas, Hong Leong Bank, UMW, Genting and Petronas Dagangan.
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