The FBM KLCI lost its gains and fell four points at midday on Friday as China's rout weighed down key regional markets, prompting investors to a mild sell-off.
At 12.30pm, the KLCI was down four points to 1,729.88. Turnover was 877.46 million shares valued at RMM692.77mil. There were 192 gainers, 449 decliners and 261 counters unchanged.
Reuters reported Asian stocks fell on Friday as China's stocks plunged and growing caution before Greece's weekend referendum prompted investors to cut risky bets, while disappointing US employment data weighed on the dollar.
In early trade, stocks in Shanghai slumped more than 6%, taking total losses to nearly 30% since a peak on June 12.
The rout in China's stock markets has wiped out trillions of dollars of market capitalization in Shanghai and Shenzhen's stock markets.
Meanwhile, Hong Leong Investment Research said that technically, there is still room for advance amid positive downtrend line breakout and positive daily oscillators.
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At 12.30pm, the KLCI was down four points to 1,729.88. Turnover was 877.46 million shares valued at RMM692.77mil. There were 192 gainers, 449 decliners and 261 counters unchanged.
Reuters reported Asian stocks fell on Friday as China's stocks plunged and growing caution before Greece's weekend referendum prompted investors to cut risky bets, while disappointing US employment data weighed on the dollar.
In early trade, stocks in Shanghai slumped more than 6%, taking total losses to nearly 30% since a peak on June 12.
The rout in China's stock markets has wiped out trillions of dollars of market capitalization in Shanghai and Shenzhen's stock markets.
Meanwhile, Hong Leong Investment Research said that technically, there is still room for advance amid positive downtrend line breakout and positive daily oscillators.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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