Midday Market KLCI poised to extend loss

Midday Market KLCI poised to extend loss
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Thursday, 06 June 2013 12:37


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KUALA LUMPUR (June 6): The FBM KLCI is poised to extend its loss on Thursday after it remained in negative territory at the midday break, having slipped into the red after having started on a slightly higher note earlier in the morning.

At 12.30pm, the FBM KLCI fell 3.2 points to 1,771.22.

Losers beat gainers by 494 to 217, while 264 counters traded unchanged. Volume was 1.05 billion shares valued at RM879.63 million.

The top losers included United PLANTATION []s, Dutch Lady, LPI Capital, Carlsberg, PPB, MISC, Mah Sing, Allianz and BIMB.

MAS was the most actively traded counter with 152.91 million shares done. The stock rose one sen to 33.5 sen.

The other actives included Luster, DVM, Scomi, Ingenco, Winsun, KNM and K-Star.

The gainers meanwhile included Hartalega, Perak Corp, Aeon, Advanced Packaging, Oriental, Press Metal and Genting Plantations.

Meanwhile, Asian shares slipped to fresh 2013 lows on Thursday as growing uncertainty on whether the U.S. Federal Reserve would roll back its stimulus this year kept markets on edge, while choppy Japanese equities put pressure on the dollar against the yen, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan extended losses to drop as much as 0.9 percent to its lowest in six months. It had just snapped a four-day losing streak on Tuesday, it said.