KUALA LUMPUR Asian markets slumped in the afternoon trade on Thursday, with the KL Composite Index hammered down 20 points as funds sold down on plantation stocks.
At 3.30pm, the KLCI was down 20.82 points or nearly 2% to 1,041.88, down from the support level of 1,050. Turnover was 304.61 million shares valued at RM655.14mil. Losers outpaced decliners 524 to 64 while 179 counters were unchanged.
Japan’s Nikkei 225 had ended down 1.98% to 12,192.50 while Singapore’s Straits Times Index lost 2.68% to 2,442 and Shanghai’s A Share Index 3.34% down to 2,182.11.
However, European markets were steadier, albeit some losses, with the DJ Euro Stoxx 50 down 0.19% to 3,235.9, the CAC 40 Index fell 0.05% to 4,281.69 and the DAX Index 0.19% lower to 6,198.63 while the FTSE 100 rose 0.19% to 5,376.5.
At Bursa Malaysia, Kulim extended the losses, down another 60 sen to RM6 while Kulim-WB fell 52 sen to RM4, KL Kepong 50 sen to RM10 while Chin Tek, UMCCA and IOI Corp slid 30 sen each to RM6.40, RM5.90 and RM4.38. Sime Darby gave up 10 sen to RM6.05.
KNM continued to come under some selling pressure, down 12 sen to RM1.12. It was the most active with 40.9 million shares done
At 3.30pm, the KLCI was down 20.82 points or nearly 2% to 1,041.88, down from the support level of 1,050. Turnover was 304.61 million shares valued at RM655.14mil. Losers outpaced decliners 524 to 64 while 179 counters were unchanged.
Japan’s Nikkei 225 had ended down 1.98% to 12,192.50 while Singapore’s Straits Times Index lost 2.68% to 2,442 and Shanghai’s A Share Index 3.34% down to 2,182.11.
However, European markets were steadier, albeit some losses, with the DJ Euro Stoxx 50 down 0.19% to 3,235.9, the CAC 40 Index fell 0.05% to 4,281.69 and the DAX Index 0.19% lower to 6,198.63 while the FTSE 100 rose 0.19% to 5,376.5.
At Bursa Malaysia, Kulim extended the losses, down another 60 sen to RM6 while Kulim-WB fell 52 sen to RM4, KL Kepong 50 sen to RM10 while Chin Tek, UMCCA and IOI Corp slid 30 sen each to RM6.40, RM5.90 and RM4.38. Sime Darby gave up 10 sen to RM6.05.
KNM continued to come under some selling pressure, down 12 sen to RM1.12. It was the most active with 40.9 million shares done
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