KLCI 2nd Worst Day This Month

This month alone, KLCI had suffered 2 worst days of the year, one on 1-Dec-2014 when the index dropped 2.3% or 42.62 points, and the 2nd one today (15-Dec-14) when the index dipped 2.06% or 35.68 points.

Foreign funds have been dumping Petronas and all oil related stocks aggressively amid worrying outlook of oil price. In terms of individual counters, only 66 stocks went up while 1010 stocks went down, and 116 unchanged.

Among the composite index stocks, PetChem fell 42 sen to RM4.69, dragging the index by 5.8 points, Maybank fell 22 sen to RM8.60, erasing 3.5 points while Tenaga lost 34 sen to RM13.40, erasing 3.3 points.

Among the glove makers, Supermax fell 32 sen to RM1.62, the lowest since May 2012.

As for plantations, KL Kepong fell RM1.22 to RM20.10, and PPB Group 50 sen to RM13.60. Far East rose 40 sen to RM8.40.

Among the consumer stocks, Dutch Lady fell 60 sen to RM44.40, F&N 60 sen to RM16, Nestle 50 sen to RM68 and Carlsberg 48 sen to RM11.50. BAT rose 62 sen to RM66.72.

It is sea of red for all other regional market too:

Japan’s Nikkei 225 fell 1.57% to 17,099.40.

Hong Kong’s Hang Seng Index fell 0.95% to 23,027.85.

Taiwan Stock Exchange Weighted Index fell 0.46% to 8,985.63.

South Korea’s KOSPI fell 0.07% to 1,920.36.

Singapore’s Straits Times Index fell 0.94% to 3,292.90.

Trade with caution as market is rather bearish nowadays.  Unless there is new catalyst, the low oil price and fall in US energy sector will be the factors that are going to continue push investors sentiment down towards panic selling.


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