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Malaysia Market Watch 9th July 2012

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KUALA LUMPUR : The FBM KLCI slipped in early trade on Monday, in line with the tepid sentiment at key regional markets.
At 9am, the FBM KLCI fell 1.20 points to 1,619.35.

There were 30 gainers, 28 losers while 42 counters traded unchanged. Volume was 4.41 million shares valued at RM2.56 million.

Asian shares slumped on Monday after sluggish U.S. jobs data deepened worries about slowing global economic growth, and reinforced risk aversion ahead of China inflation figures and a meeting aimed at defining steps to shore up Europe’s banks, according to Reuters.

The euro fell to a two-year low of $1.2225 in early Monday Asian trade, while commodity-linked currencies such as the Australian dollar and the New Zealand dollar, typically indicative of risk appetite, hit one-week lows, it said.

Among the early decliners on Bursa Malaysia were MMHE, Petronas Gas, Genting, Kulim, Felda Global, Gamuda, MISC and MBSB. – The Edge (Yahoo FInance)