[ad_1]
KUALA LUMPUR: Investors in all Asian markets suffered losses on Wednesday as the overnight slide on Wall Street hit sentiment, including Bursa Malaysia where the FBM KLCI fell below the key 1,500 level.
At 12.30pm, the KLCI was down 23.61 points or 1.55% to 1,495.71, the lowest level since June 29. The turnover was 4,620 million shares valued at RM2.53bil. Those declining beat those advancing more than four to one or 879 losers to 201 winners and 302 unchanged counters.
Glove makers, the latest investor favorites, posted losses as profit taking accelerated. Data from Bursa Malaysia showed that foreign funds have continued to sell their holdings in Malaysian shares, while retail investors have increased their holdings.
More than 27.57 million people are reported to be infected with the new coronavirus globally and 895,990 have died, according to a Reuters tally.
Top Glove fell 45 sen to RM7.19 and erased 5.55 KLCI points as Hartalega
it lost 66 sen to RM12.94 and erased 3.43 points. Kossan was the main loser, drifting RM1.04 to RM11.46 and Supermax 63 sen to RM7.78.
IHH Healthcare lost 27 sen to RM5.41. Pharmaniaga 12 sen to RM4.44 and Duopharma eight sen at RM2.96.
Maybank fell 20 sen to RM7.30 and erased 3.41 points, CIMB three sen to RM3.20 and Hong Leong Bank two sen to RM14.78 but Public Bank added 10 sen to RM16.10.
US light crude fell 18 cents to $ 36.58 and Brent 15 cents to $ 39.63.
Petronas Dagangan lost 50 sen to RM21.12, Petronas Chemicals fell six sen to RM5.61 and Petronas Gas 14 sen to RM16.64 while Dialog was unchanged at RM3.65.
Crude palm oil for the third month’s delivery fell RM 27 to RM 2,844 per tonne. Bloomberg reported Sime Darby Plantation it expects the CPO to trade around RM 2,800 for the rest of the year.
Batu Kawan fell 48 sen to RM15.08, IOI Corp three sen to RM4.42 and PPB Group six sen to RM18.60 while Sime Plantation held steady at RM5.09 but KL Kepong gained six sen to RM22.66.
Regarding technology stocks, the MPI fell the most, 48 sen at RM17.32, Globetronics seven sen at RM2.50 but Unisem gained three sen at RM3.30.
The ringgit weakened 0.13% against the US dollar at 4.1730.
Among key Asian markets, Japan’s Nikkei 225 fell 1.27%, Hong Kong’s Hang Seng Index 0.97%, Shanghai Composite 1.07%, Taiwan’s Taiex 0.73% , the Kospi of South Korea 0.68% and the STI of Singapore 0.53%.
[ad_2]
