KLCI extends losses, down 27.58 points week-on-week

KUALA LUMPUR: The FBM KLCI extended its losses on Monday, Aug 22 as jittery investor sentiment and losses at key stocks including CIMB weighed on the index.

Regional markets had mostly ended the day lower on concerns of a global economic slowdown; however, European markets fared slightly better on hopes of an end to the conflict in Libya with news that rebel forces had entered Tripoli.

The index fell 0.80% or 11.82 points to 1,472.16, weighed by losses at key blue chips including CIMB, Petronas Chemicals and Genting.

Week-on-week, the index has fallen 27.58 points.

Losers beat gainers by 580 to 207, while 253 counters traded unchanged. Volume was 853.87 million shares valued at RM1.67 billion.

At the regional markets, Japan’s Nikkei 225 fell 1.04% to 8,628.13, South Korea’s Kospi lost 1.96% to 1,710.70, the Shanghai Composite Index down 0.73% to 2,515.86, Taiwan’s Taiex fell 0.41% to 7,312.59 and Singapore’s Straits Times Index shed 0.07% to 2,731.81

Meanwhile, Hong Kong’s Hang Seng Index added 0.45% to 19,486.87.

At the local bourse, Petronas Chemicals and CIMB fell 16 sen each to RM6.24 and RM7.77, F&N 36 sen to RM17.50, Lafarge Malayan Cement 33 sen to RM6.97, Batu Kawan and BAT 30 sen each to RM15.60 and RM44.94, Fima Corp 28 sen to RM5.72, Hong Leong Bank 22 sen to RM12.78, Genting PLANTATION []s 20 sen to RM7, APM Automotive and Genting 19 sen each to RM4.71 and RM9.51, while KLK fell 18 sen to RM21.26.

MUI Industries was the most actively traded counter with 43.44 million shares traded. The stock added four sen to 20 sen.

Other actives included Axiata, Petronas Chemicals, CIMB, DVM, E&O, Timecom, Telekom, AirAsia and Dialog.

Gainers included Nice, Tradewinds, Shell, CI Holdings, Carlsberg, Daicbochi, Ogawa and SBC Corp.