Tuesday July 8, 2008 MYT 2:42:26 PM
Asian markets down, plantations fall
KUALA LUMPUR: Asian markets fell in the morning session Tuesday, as investors feared the widening fallout from the credit market crisis with Hong Kong’s market the worst hit, down 3.4%.
At 12.30pm, the KL Composite Index was just barely higher, lifted by key heavyweights on some fund buying but plantations fell. The KLCI was up 0.9 point to 1,128.16 while the FBM Emas added 7.86 points to 7,506.76 but the FBM Second Board lost 5.0 points to 5,342.29.
Turnover was at 245.869 million shares valued at RM503.527mil. There were 237 gainers, 235 losers while 198 counters were unchanged.
Hong Kong’s Hang Seng Index fell 3.42% or 747.65 points to 21,165.41, Japan’s Nikkei 225 lost 2.55% to 13,019.57 and Singapore’s Straits Times Index down 1.86% to 2,879.53 but Shanghai’s A Share Index rose 0.17% to 2,933.69.
Light crude oil was trading at US$141.93 while crude palm oil futures for the third-month delivery fell RM27 to RM3,485.
Some mild fund buying of key stocks included TM International and BCHB, which rose 15 sen each to RM6 and RM7.55 while Tanjong and Maybank advanced 10 sen each to RM12.30 and RM7.05. Public Bank foreign and UMW rose 10 sen each to RM10.10 and RM5.75. Gamuda rose eight sen to RM2.55.
Plantation stocks fell with heavyweight Sime Darby down 20 sen to RM8.45. Other decliners were KL Kepong 50 sen to RM15.80, United Plantations 30 sen to RM12.50 while Asiatic lost 20 sen to RM7.35, Sarawak Oil Palms 15 sen to RM5.90 and IOI Corp 10 sen to RM6.70.
Kulim and Kulim-WB lost 20 sen each to RM8.40 and RM6.05.
For latest MSEB indices, charts and other information click here
News Poll
- MPV with that wow factor
- Using porn films to rob clients
- ABC: Adam Lambert's performance draws 1,500 complaints
- McDonald's makes its logo more 'green' in Europe
- Canada woman to fight insurance company over Facebook
- Syed Azidi: I feel vindicated ‘I hope Tok Guru has learnt lesson’
- S’gor cannot reveal details on Bkt Antarabangsa tragedy: MB
- Monk needing fresh air opens plane’s emergency exit
- DPM sets Dec 1 deadline for MCA leadership
- 21 killed in election massacre in the Philippines
- Canada woman to fight insurance company over Facebook
- McDonald's makes its logo more 'green' in Europe
- MPV with that wow factor
- Monk needing fresh air opens plane’s emergency exit
- ABC: Adam Lambert's performance draws 1,500 complaints
- M’sia bids for maritime council post
- M’sia has what it takes to woo foreign giants
- Effective paid search pays off for Malaysia Airlines
- Heng: No need for Nov 28 EGM
- 21 killed in election massacre in the Philippines
RSS
