KLCI extends losses, HK stocks skid 3.22%

KUALA LUMPUR: Asian markets came under more selling pressure in the afternoon session on Monday on growing worries about Greece may exit the currency bloc while a Chinese central bank board member warned of slowing growth.

At Bursa Malaysia, the selling pressure was less intense though the broader market saw declining stock beating advancers more than three to one.

At 3.44pm, the FBM KLCI was down 6.51 points to 1,636.49 as the three-week rally ground to a halt, temporarily. Turnover was lacklustre with 658.59 million shares done valued at RM760mil. There were 163 gainers versus 547 losers and 297 counters unchanged.

Key Asian markets fell, posting losses of up 1o 1.84% but Hong Kong's Hang Seng Index was the most affected, down 632.16 points or 3.22% to 19,008.64.

At Bursa Malaysia, United Plantations fell 70 sen to RM25.20, HLFG and PetDag 20 sen each to RM12.22 and RM20.98 while F&N and Top Glove gave up 14 sen each to RM18.26 and RM5.22. Hing Yap tumbled 27 sen to RM2.41.

Axiata fell four sen to RM5.85 and TN two sen to RM6.21 in active trade.