KUALA LUMPUR: Shares of consumer dividend stocks fell on Friday as investors stayed on the sidelines while the FBM KLCI was in the red, weighed down by losses in Axiata and Genting.

Market breadth was mixed, despite the firmer key Asian markets, after the KLCI fell sharply on Thursday.

At the close, the KLCI was down 1.89 points to 1,623.7. Turnover was 1.08 billion shares valued at RM1.91bil. There were 337 gainers, 350 losers and 366 counters unchanged.

Asian stocks rose, all but erasing the regional benchmark index's first weekly decline in three weeks, as the debut of Apple Inc.'s iPhone 5 boosted technology shares and energy companies advanced on higher crude prices, Bloomberg said.

The MSCI Asia Pacific index has climbed 8.4% this year as central banks in Europe, the US and Japan took action to stimulate economic growth. That compares with a 16% increase on the Standard & Poor's 500 Index through Thursday and a 12% gain on the Stoxx Europe 600 Index.

The Asian benchmark traded at 12.7 times estimated earnings compared with 14.1 for the S&P 500 and 12.1 for the Stoxx Europe 600 Index, according to the wire report.

Among the key regional markets, Japan's Nikkei 225 rose 0.25% to 9,110; Hong Kong's Hang Seng Index gained 0.7% to 20,734.94; Shanghai's Composite Index edged up 0.09% to 2,026.69; Taiwan's Taiex added 0.35% to 7,754.59 and South Korea's Kospi was up 0.6% to 2,002.37 while Singapore's Straits Times Index advanced 0.51% to 3,078.23.

US light crude oil rose 68 cents to US$93.10 and Brent 27 cents higher at US$110.30 while spot gold added US$5.33 to US$1,773.85.

The ringgit was firmer against the US dollar at 3.0498 compared with 3.0695 a day ago.

At Bursa Malaysia, dividend stocks which fell were BAT, down RM1 to RM61.20, Nestle 90 sen to RM61, F&N 58 sen to RM18.40, Carlsberg 24 sen to RM11.66 and GAB 16 sen to RM15.64.

Axiata fell seven sen to RM6.12 and dragged the KLCI down 1.38 points and Genting 10 sen to RM8.70.

Crude palm oil for third-month futures fell RM40 to RM2,780. United Plantations lost RM1.36 to RM25.12, PPB 16 sen to RM12 and KLK 10 sen to RM22.06.

IGB REIT was the star of the day when it made its trading debut. It ended the day 14 sen higher at RM1.39. It was the most active with 236.16 million shares done.

Among the heavyweights, TM and Maybank rose one sen each to RM5.90 and RM9.15.

Tasek was the top gainer, up 56 sen to RM10.88 with 900 shares done. PanaMy 20 sen to RM22.50, UMW 18 sen to Rm10.14, Dutch lady 16 sen to RM42.18 while Bursa gained 10 sen to RM6.25.

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