FBM KLCI skids nearly 20 points


Written by Joseph Chin
Monday, 17 August 2009 15:36

KUALA LUMPUR: The 30-stock FBM KLCI fell nearly 20 points in late afternoon trade, as investors turned jittery following the sharp falls in regional markets.

At 3.21pm, the FBM KLCI fell 19.36 points to 1,169.21. The broader market on Bursa Malaysia was weak with 10 decliners to one advancer. There were 660 million shares done valued at RM850 million.

In China, stocks slid more than 6% to their lowest in nearly eight weeks with metal and energy shares down while worries about additional share supplies weighed on the market.

Shanghai's Composite Index fell 5.79% to 2,870.63, Shenzen Composite Index skidded 6.56% to 955.87, Hong Kong's Hang Seng Index 3.52% lower at 20,156.86 and Japan's Nikkei 225 3.10% lower at 10,268.61. Singapore's Straits Times Index fell 2.77% to 2,558.63.

BAT fell the most, down 88 sen to RM44.12, Nestle 66 sen to RM32.82, Tanjong 54 sen to RM15.06 and Allianz 29 sen to RM4.30. BCHB lost 28 sen to RM10.46, Bursa 25 sen to RM7.93 and YTL Cement 19 sen to RM4.30.

Profit taking saw Supermax falling 19 sen to RM2.64 as volume picked up, with 2.77 million shares done.