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KLCI falls 12pts on selling of banks, Petronas stocks

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KLCI falls 12pts on selling of banks, Petronas stocks Empty KLCI falls 12pts on selling of banks, Petronas stocks

Post by Cals Tue 12 Nov 2013, 09:49

Published: Tuesday November 12, 2013 MYT 9:20:00 AM 
Updated: Tuesday November 12, 2013 MYT 9:22:37 AM
KLCI falls 12pts on selling of banks, Petronas stocks

KUALA LUMPUR: Malaysia’s FBM KLCI fell more than 12 points in early Tuesday trade, dragged by selling of banks and Petronas-linked stocks.
At 9.14am, the KLCI was down 12.09 points to 1,792.12. Turnover was 271.04 million shares valued at RM112.12mil. There were 110 gainers, 181 losers and 204 counters unchanged.
However, the selling could be overdone on the selected stocks with some buying support expected to kick in but overall sentiment could be cautious.
BAT fell the most, down 40 sen to RM62.50 and Nestle 20 sen to RM68.50 while GAB shed 10 sen to RM16.98.
Petronas Daganagan lost 22 sen to RM30.10 and Petronas Gas 10 sen to RM23.82.
Public Bank lost 16 sen to RM18.14, its foreign shares 10 sen to RM18.20 while Hong Leong Bank fell 14 sen to RM14.14.
Among plantations, KL Kepong fell the most, down 18 sen to RM23.20.
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