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KLCI slips about 40pts at open on Tuesday, Public Bank weighs

KUALA LUMPUR: Key Asian markets and Bursa Malaysia slipped in early Tuesday exchange as the overnight dive on Wall Street shook speculators for the second day, with Public Bank weighing on the FBM KLCI. 



At 9am, the KLCI was down 39.16 focuses or 2.11% to 1,813.91. Turnover was 245.03 million offers esteemed at RM72.05mil. Decliners pounded advancers 642 to 25 and 108 counters unaltered. 

Reuters announced Australian offers dropped 2.7% in early exchange to their least level since October. 

Japan's Nikkei share normal jumped on Tuesday morning to a level not seen since late October after Wall Street dove overnight on worries about rising security yields and possibly rising swelling. The Nikkei tumbled to as low as 21,698.52, and was down 4% in early morning. The more extensive Topix Fell 4.3% to 1,745.79 

At Bursa Malaysia, Dutch Lady fell RM2.62 focuses to RM61.22, Ajinomoto 44 sen bring down at RM19.84 and F&N 40 sen to RM29.48. 

KESM fell RM1.10 to RM18.10, Hengyuan 54 sen to RM12.50, Harrtalega 48 sen to RM10.88 and MPI 43 sen to RM9. 

Among the KLCI stocks, Public Bank fell 90 sen to RM21.08, Petronas Dagangan 68 sen to RM25.02 and Hong Leong Bank 42 sen to RM18.18.

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This post first appeared on Bursa Malaysian Intraday Stock Picks | KLSE Trading Signals | Intraday Recommendation, please read the originial post: here

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KLCI slips about 40pts at open on Tuesday, Public Bank weighs

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