Ahad, 30 Jun 2013

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KL bourse slips in early trade

Posted: 30 Jun 2013 06:47 PM PDT

Malaysia's benchmark stock index fell in early trade, dragged by a decline in property firm UEM Sunrise Bhd and telecoms company DiGi.com Bhd.

The index, which dropped 0.17 per cent, outperformed MSCI's broadest index of Asia Pacific shares outside Japan that fell 0.62 per cent, though it underperformed Tokyo's Nikkei share average, which declined 0.05 per cent.

"The benchmark, which has jumped 44.9 points or 2.6 per cent over the last three days, could consolidate its recent gains by hovering above the immediate support line of 1,750 ahead," HwangDBS Vickers Research said in a note to clients on Monday.

HwangDBS also said investors will watch MMC Corp Bhd, whose subsidiary Malakoff paid A$130 million (US$120.61 million) to buy a 50 per cent stake in an Australian wind farm from New Zealand's Meridian Energy.

The index was down 0.09 per cent at 1,771.89 at 10.06am in Kuaal Lumpur.-- Reuters
Kredit: www.nst.com.my

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