by Surin Murugiah
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PETALING JAYA: The Kuala Lumpur Composite Index fell this morning, dragged by losses at plantation counters as crude oil and crude palm oil prices declined further yesterday.
Crude oil fell US$3.98 per barrel to settle at US$124.44 (RM406.92) on the New York Mercantile Exchange yesterday, while crude palm oil dropped RM182 and RM202 per tonne respectively to RM3,070 and RM3,035 for August and September deliveries, respectively.
At the Bursa Malaysia, the KLCI fell 3.49 points to 1,135.92 at 10am. Losers led gainers by 159 to 125. Some 123.8 million shares valued at RM177.27 million were traded mid-morning.
The top loser was Kuala Lumpur Kepong Bhd which fell 40 sen to RM13.20, while IOI Corporation Bhd lost 20 sen to RM5.40. Asiatic Development Bhd fell 15 sen to RM6.10, while PPB Group and Sime Darby Bhd lost 10 sen each to RM9.35 and RM8, respectively.
Leading the gainers was Lingkaran Trans Kota Holdings Bhd which added 12 sen to RM3.42, while LCL Corporation Bhd and Tanjong Plc rose 10 sen each to RM2.70 and RM12.90, respectively.
Bumiiputra-Commerce Holdings Bhd, Petronas Gas Bhd and Lion Industries Corporation Bhd gained 10 sen each to RM8.40, RM10.20 and RM2.62, respectively. Other gainers included Ranhill Bhd and Malaysian Airline System Bhd.
AirAsia Bhd was the most actively traded stock this morning, with 11.3 million shares done. It rose 4 sen to RM1.08. Other actively traded counters included MK Land Holdings Bhd, IOI Corp and Malaysian Resources Corporation Bhd (MRCB).
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