Business

Published: Friday August 7, 2009 MYT 1:21:00 PM
Updated: Friday August 7, 2009 MYT 2:37:18 PM

Asian markets fell at midday


KUALA LUMPUR: Asian markets fell at midday Friday on lower company earnings and worries a US government employment report might show worse-than-forecast July job losses.

Japan Airlines’ first quarter ended June 30 loss surged almost 30-fold to US$1 billion year-on-year as the global recession and H1N1 outbreak cut travel.

Konica Minolta Holdings Inc and DBS Group Holdings Ltd also reported lower earnings.

Tokyo’s Nikkei 225 slipped 0.92% to 10,292.94 and Hong Kong’s Hang Seng Index lost 1.60% to 20,565.46.

Shanghai’s A share index was down 1.22% to 3,315.54 while Seoul’s Kospi Index added 0.05% to 1,565.90.

Singapore’s Straits Times Index lost 1.37% to 2,565.82 while the FBM KLCI was flat, losing only 0.05 of a point to 1,183.92.

At Bursa Malaysia, 220 counters were up, 371 were down while 205 others remained unchanged. There were 572.37 million shares done at a total value of RM898.56 million.

Top losers were DiGi which fell 20 sen to RM21.72, BAT lost 20 sen to RM47.80 and Parkson declined 17 sen to RM5.36.

Banking stocks BCHB was unchanged at RM10.64, Public Bank added 4 sen to RM9.99 and Maybank slipped 5 sen to RM6.80.

Axiata surged 15 sen to RM3.08, YTL Corp added 21 sen to RM7.25 and MAS rose 14 sen to RM3.24.

Bursa rose 14 sen to RM8.29, Kulim fell 11 sen to RM7.37 and Genting slipped 10 sen to RM6.30.

Nymex crude oil was 32 cents lower at US$71.63 per barrel.

The ringgit was quoted at 3.5025 to the US dollar.

 
DIGI :  [Stock Watch]  [News] 
BAT :  [Stock Watch]  [News] 
PARKSON :  [Stock Watch]  [News] 
COMMERZ :  [Stock Watch]  [News] 
PBBANK :  [Stock Watch]  [News] 
MAYBANK :  [Stock Watch]  [News] 
AXIATA :  [Stock Watch]  [News] 
YTL :  [Stock Watch]  [News] 
MAS :  [Stock Watch]  [News] 
BURSA :  [Stock Watch]  [News] 
KULIM :  [Stock Watch]  [News]
GENM : [Stock Watch] [News]


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