Noon Market KLCI falls 1.05% as Tenaga and telco stocks dip

by **Cals** Thu 06 Aug 2015, 20:19

Noon Market
KLCI falls 1.05% as Tenaga and telco stocks dip

KUALA LUMPUR (Aug 6): The FBM KLCI fell 1.05% at the midday break today as utility heavyweight Tenaga Nasional Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) and telco stocks retreated.
At 12.30pm, the FBM KLCI fell 18 points to 1,707.56.
The top losers included British American Tobacco (M) Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), Tenaga, VS Industry Bhd ([You must be registered and logged in to see this image.]Financial Dashboard), Sime Darby Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), TAHPS Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), Top Glove Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), Kuala Lumpur Kepong Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), Maxis Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), DiGi.Com Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), DanaInfra Nasional Bhd, Far East Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), IJM Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) and Public Bank Bhd ([You must be registered and logged in to see this image.] Financial Dashboard).
The actives included The Media Shoppe Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), iDimension Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), APFT Bhd, DiGi.Com Bhd, AirAsia X Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), IFCA MSC Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), Tiger Synergy Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) and Ho Wah Genting Bhd ([You must be registered and logged in to see this image.] Financial Dashboard).
The top gainers included Amway (M) Holdings Bhd, Petronas Gas Bhd, Cocoaland Holdings Bhd, Scientex Bhd, KLCC Property Holdings Bhd, Guinness Anchor Bhd, Hong Leong Bank Bhd, Karex Bhd and Petronas Dagangan Bhd.
Asian shares were mostly down while the dollar held firm on Thursday after strong US service-sector data and comments from a Fed governor boosted confidence in the economy and fanned expectations of an interest rate hike in September, according to Reuters.
Japan's Nikkei share average rose 0.7% at 0227 GMT while South Korea's Kospi reversed earlier gains to drop 0.7%, it said.
BIMB Securities Research said Asian markets were also mostly firmer yesterday as most rebounded from their lows.
Locally, it said the FBM KLCI ended the day slightly higher at 1,725.56 up 1.83 points.
“However, net foreign flows went negative yesterday at RM58 million after 3 days of net foreign inflows totalling RM242.5 million.
“We would expect the market to stay flattish today with the 1,730 as the immediate resistance,” it said.