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No respite for Bursa, key Asian markets as investors avoid riskier assets - Business News

News Summed Up 2018-12-06 05:30:00

KUALA LUMPUR: Bursa Malaysia extended its losses for the third day on Thursday as Tenaga Nasional continued to come under selling pressure while key Asian markets fell on US-China trade worries.At 5pm, the KLCI was down 4.93 points or 0.29% to 1,683.34, but off the intra-day low of 1,670 as investors reduced their shareholdings in the power giant Tenaga, Sime Plantation and Genting Bhd Turnover on the stock exchange was at 1.96 billion shares valued at RM1.85bil. Japan's Nikkei 225 fell 1.91%, South Korea's Kospi 1.55% and Singapore's STI 1.28% lower.At Bursa, consumer stocks fell, led by Nestle, down RM2.50 to RM145, F&N RM1 to RM31.98, BAT 24 sen to RM37.42 and Ajinomoto 20 sen to RM18.80. Carlsberg rose 10 sen to RM19.24.Tenaga lost 16 sen to RM13.76 and erased 1.62 points from the KLCI, Hartalega 15 sen to RM6.21 and Genting 12 sen to RM6.28 while MAHB was down 21 sen to RM7.60. MISC and GentingM gave up four sen each to RM6.06 and RM2.89. Sime Darby lost six sen to RM2.33.US light crude oil fell 65 cents to US$52.24 and Brent slid 67 cents to US$60.89.Petronas Gas fell 18 sen to RM19.10, Petronas Dagangan was flat at RM25.30 while Petronas Chemical gained six sen to RM9.27.