KLCI down nearly 12 points early Thursday after Wall Street tumble
Update Date：2016-12-15 9:38:48 Source：Tannet (Malaysia) Sdn Bhd Views：652
KUALA LUMPUR: Bursa Malaysia got off Thursday on a weak note as the FBM KLCI fell nearly 12 points as sentiment was further dampened by the overnight fall on Wall Street after the US Federal Reserve raised interest rates.
At 9.06am, the KLCI was down 11.88 points or 0.72% to 1,631.41 with the KLCI stocks on the top losers list. Turnover was 54.56 million shares valued at RM34.54mil. Decliners beat advancers 154 to 48 while 105 counters were unchanged.
Reuters reported Asian shares and currencies struggled on Thursday after the Federal Reserve raised rates for the first time in a year, which was by 25 basis points to 0.5%-0.75%, and hinted at the risk of a faster pace of tightening than investors were positioned for.
Wall Street suffered its biggest percentage decline since before the Nov. 8 US presidential election, though the loss was slight compared with gains of the last month or so.
At Bursa Malaysia, Petronas Gas fell 28 sen to RM21.18 and Petronas Dagangan lost 16 sen to RM23.48 while MISC lost eight sen to RM7.32. Bumi
Armada shed 1.5 sen to 59.5 sen in active trade.
BAT slumped 68 sen to RM44.82, Hap Seng 11 sen to RM7.98 while IHH Healthcare was down nine sen to RM6.33.
HLFG fell 18 sen to RM15 and Hong Leong Bank lost 16 sen to RM13.20.
PPB BGroup rose 10 sen to RM15.78, Magni-Tech and Top Glove gained four sen each to RM4.22 and RM5.02.
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