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KUALA LUMPUR: Malaysia’s benchmark stock index was led lower by selling in commodities and plantations counters as concerns over the global economy sapped investor confidence.
At 12.30pm, the FBM KLCI was down 8.57 points to 1,442.96. There were 479 deliners compared to 261 gainers for an overall weaker market performance.
Trading volume was 1.73 billion shares valued at RM841.48mil.
PETRONAS Chemicals was the worst-hit on the index, sliding 21 sen to RM6.80 following a weak quarterly result announced yesterday. PETRONAS Gas meanwhile was down 18 sen to RM17.10.
Plantations shares also fell, led by IOI dropping 11 sen to RM3.94, Kuala Lumpur Kepong dropping 20 sen to RM22.58 and Sime Darby Plantation
sliding six sen to RM4.33.
In banks, Maybank was down two sen to RM8.99, Public Bank dropped three sen to RM4.10 and Hong Leong Bank rose two sen to RM19.82.
Among actives, Perdana was up 2.5 sen to 21 sen, Bahvest fell 4.5 sen to 32 sen and Parkson was up 3.5 sen to 35.5 sen.
In key regional markets, shares were range-bound as investors anticipated the results of more US corporate earnings over the coming days.
Japan’s Nikkei was up 0.1% to 31,887 and South Korea’s Kospi dropped 0.5% to 2,502.
China’s main index slid 0.5% to 3,103 while Hong Kong’s Hang Seng was down 0.35% to 17,852.
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