Monday, 11 January 2016

KLCI falls below 1,650 early Monday, Public Bank weighs

Blue chips fell in early Monday trade, with the FBM KLCI sliding below the 1,650 level on losses by Public Bank, Petronas Gas and Tenaga.

At 9.16am, the KLCI was down 8.48 points or 0.51% to 1,649.13. Turnover was 170.39 million shares valued at RM82.33mil. Losers beat gainers 225 to 159 while 189 counters were unchanged.

Reuters reported Australian shares plunged to 2-1/2-year lows on Monday, while their New Zealand peers also fell, as concerns about China's policymakers' ability to calm the country's share market took a toll on risk appetite.

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