Published: Monday November 26, 2012 MYT 9:41:00 AM
Malaysia's blue chips slip, KLK, Hong Leong Bank fall
By Joseph Chin
KUALA LUMPUR: Malaysia's blue chips gave up their early gains on Monday and slipped into negative territory, weighed down by mild selling of banks, consumer stocks and DiGi.
At 9.21am, the KLCI was down 3.08 points to 1,611.24. Turnover was 121.16 million shares valued at RM44.52mil. There were 85 gainers, 103 losers and 143 counters unchanged.
Hwang DBS Vickers Research said from a technical perspective, the KLCI may be on its way towards the psychological support mark of 1,600 with a key resistance level currently seen at 1,635.
BAT fell the most, down 74 sen to RM57.22 and Dutch Lady gave up 30 sen to RM45. However, Nestle jumped RM1.78 to RM60.74 with 400 shares done.
DiGi gave up seven sen to RM4.57 with 371,900 shares done.
Used oil recycler Hiap Huat Holdings rose 11.5 sen to 31.5 sen on its trading debut with 60.76 million shares done.