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KLCI extends loss on gloomy external outlook
by hlk Wed 14 Dec 2011, 18:40
KUALA LUMPUR (Dec 14): The FBM KLCI closed lower on Wednesday, in
line with the retreat at Asian markets and weaker opening at European
markets following less than encouraging comments from the US Federal
Reserve.
The FBM KLCI closed 2.27 point to 1,463.12, weighed by losses at select blue chips.
Losers led gainers by 412 to 309, while 289 counters traded unchanged. Volume was 1.49 billion shares valued at RM1.09 billion.
Asian and European stocks fell on Wednesday after the US Federal
Reserve warned Europe's unresolved sovereign debt crisis could hurt the
giant American economy, according to Reuters.
Another issue that weighed on investor sentiment were a survey by
Singapore’s of private economists released on Wednesday that said that
country’s would grow by 3% percent in 2012, slowing from an expected 5.2
percent in 2011 as the global economy and financial services sector
cool.
Last Friday, India slashed its full-year growth forecast amid slowing
domestic and global demand, with officials warning the government was
facing a serious balance of trade problem and will have a tough time
meeting its fiscal deficit target.
At the regional markets, Japan’s Nikkei 225 slipped 0.39% to
8,519.13, Hong Kong’s Hang Seng Index fell 0.50% to 18,354.43, the
Shanghai Composite Index lost 0.89% to 2,228.53, South Korea’s Kospi
fell 0.34% to 1,857.75 and Singapore’s Straits Times Index lost 0.50% to
2,672.39.
Meanwhile, Taiwan’s Taiex gained 0.38% to 6,922.57.
On Bursa Malaysia, Dutch Lady fell 52 sen to RM25.88, KLK down 50 sen
to RM22.60, Genting 22 sen to RM10.42, Petronas Dagangan lost 20 sen to
RM17.18, APM 19 sen to RM4.22, Asia File and Petronas Gas 18 sen each
to RM3.60 and RM14, HELP 14 sen to RM1.61, Boustead 13 sen to RM5.29 and
Far East 10 sen to RM7.
Nestle led the gainers and was up 48 sen to RM56.48, Carlsberg up 37
sen to RM8.83, F&N 28 and BAT 28 sen each to RM18.50 and RM48.98,
GAB 20 sen to RM13.18, Keck Seng 17 sen to RM3.97, Top Glove and Uzma up
15 sen each to RM4.52 and RM1.70, while CI Holdings and Hong Leong Bank
rose 14 sen each to RM1.31 and RM10.68.
Takaso was the most actively traded counter with 99.5 million shares done. The stock rose one sen to 20.5 sen.
Other actives included Sanichi, Envair, Asia Media, Utopia, Flonic, Versatile and Compugates.
line with the retreat at Asian markets and weaker opening at European
markets following less than encouraging comments from the US Federal
Reserve.
The FBM KLCI closed 2.27 point to 1,463.12, weighed by losses at select blue chips.
Losers led gainers by 412 to 309, while 289 counters traded unchanged. Volume was 1.49 billion shares valued at RM1.09 billion.
Asian and European stocks fell on Wednesday after the US Federal
Reserve warned Europe's unresolved sovereign debt crisis could hurt the
giant American economy, according to Reuters.
Another issue that weighed on investor sentiment were a survey by
Singapore’s of private economists released on Wednesday that said that
country’s would grow by 3% percent in 2012, slowing from an expected 5.2
percent in 2011 as the global economy and financial services sector
cool.
Last Friday, India slashed its full-year growth forecast amid slowing
domestic and global demand, with officials warning the government was
facing a serious balance of trade problem and will have a tough time
meeting its fiscal deficit target.
At the regional markets, Japan’s Nikkei 225 slipped 0.39% to
8,519.13, Hong Kong’s Hang Seng Index fell 0.50% to 18,354.43, the
Shanghai Composite Index lost 0.89% to 2,228.53, South Korea’s Kospi
fell 0.34% to 1,857.75 and Singapore’s Straits Times Index lost 0.50% to
2,672.39.
Meanwhile, Taiwan’s Taiex gained 0.38% to 6,922.57.
On Bursa Malaysia, Dutch Lady fell 52 sen to RM25.88, KLK down 50 sen
to RM22.60, Genting 22 sen to RM10.42, Petronas Dagangan lost 20 sen to
RM17.18, APM 19 sen to RM4.22, Asia File and Petronas Gas 18 sen each
to RM3.60 and RM14, HELP 14 sen to RM1.61, Boustead 13 sen to RM5.29 and
Far East 10 sen to RM7.
Nestle led the gainers and was up 48 sen to RM56.48, Carlsberg up 37
sen to RM8.83, F&N 28 and BAT 28 sen each to RM18.50 and RM48.98,
GAB 20 sen to RM13.18, Keck Seng 17 sen to RM3.97, Top Glove and Uzma up
15 sen each to RM4.52 and RM1.70, while CI Holdings and Hong Leong Bank
rose 14 sen each to RM1.31 and RM10.68.
Takaso was the most actively traded counter with 99.5 million shares done. The stock rose one sen to 20.5 sen.
Other actives included Sanichi, Envair, Asia Media, Utopia, Flonic, Versatile and Compugates.
hlk- Moderator
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