Mid-morning Market KLCI slips as regional markets remain cautious

Mid-morning Market KLCI slips as regional markets remain cautious
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Monday, 03 June 2013 10:17


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KUALA LUMPUR (June 3): The FGM KLCI slipped at mid-morning on Monday, in line with the generally cautious sentiment at most regional markets.

At 10.05am, the FBM KLCI shed 1.03 points to 1,768.19

Losers beat gainers by 424 to 156, while 185 counters traded unchanged. Volume was 605.82 million shares valued at RM343.37 million.

Among the losers were Aeon, Carlsberg, SapuraKencana Petroleum, KPJ Healthcare, UMW, MNRB, Genting PLANTATION []s, Sunway, Scientex and Perstima.

The actives included Luster, MAS, MPHB, Patimas, RedTone, Hubline and KNM.

The gainers meanwhile included BAT, KLCC, HLFG, Yinson, MSM Malaysiaa and AirAsia.

Meanwhile, Asian shares began the new month with a cautious tone on Monday as uncertainty over how much longer the current U.S. stimulus would continue prompted investors to book profits from recent highs and pulled global equities lower, according to Reuters.

Speculation over whether and when the U.S. Federal Reserve would start scaling back its current massive bond-buying programme emerged following a string of positive U.S. data and was the catalyst for corrections across markets which had drawn strong support from the Fed's largesse, it said.