KLCI falls to lowest level since Aug 2010

KLCI falls to lowest level since Aug 2010 Written by Surin Murugiah of theedgemalaysia.com Thursday, 22 September 2011 17:44 KUALA LUMPUR: The FBM KLCI fell 2.2% on Thursday, Sept 22 to its lowest level since August 19, 2010 in line with global markets spooked by the grim economic outlook for the US economy and slowing manufacturing output in China. The FBM KLCI lost 31.23 points to 1,387.81 as the broader market turned negative with losers pummeling gainers by 802 to 85, while 162 counters traded unchanged. Volume was 874.11 million shares valued at RM1.71 billion. Among the major decliners, Dutch Lady and Hong Leong Bank fell 62 sen each to RM18.88 and RM9.98, Petronas Dagangan 52 sen to RM16.40, Nestle and Genting 50 sen each to RM49 and RM8.80, MSM 43 sen to RM4.54, Parkson 40 sen to RM5.10, Aeon 38 sen to RM6.90 and Shell 33 sen to RM9.45. Petronas Chemicals was the most actively traded counter with 28 million shares done. The stock fell 27 sen to RM5.54. Other actives included Axiata, AirAsia, MRCB, UEM Land, Dialog, Genting and Timecom. Among the gainers, Proton added 26 sen to RM2.88, Aeon Credit 15 sen to RM4.70, Kawan Food 11.5 sen to 99.5 sen, Maypak 10 sen to 32 sen, UMS nine sen to RM1.64, while Ewein and Lafarge Malayan Cement added seven sen each to 88 sen and RM6.80. At the regional markets, Hong Kong’s Hang Seng tumbled 4.85% to 17,911.95, Taiwan’s Taiex lost 3.06% to 7,305.50, South Korea’s Kospi fell 2.90% to 1,800.55, the Shanghai Composite Index down 2.78% to 2,443.06, Singapore’s Straits Times Index lost 2.55% to 2,750.53 and Japan’s Nikkei 225 shed 2.07% to 8,560.26. Source:http://www.theedgemalaysia.com/business/193337-klci-falls-to-lowest-level-since-aug-2010.html