KUALA LUMPUR: Banks fell the most in early trade on Thursday, Oct 29 as investors took profit after the sharp overnight fall on Wall Street and declines in key regional markets reduced their risk appetites for equities.
At 9.24am, the FBM KLCI fell 11.64 points to 1,237.41. Turnover was 94.53 million shares valued at RM90.13 million.
Light crude oil fell three cents to US$77.43 as US stockpiles rose and supplies also increased. US spot gold recovered, adding US$3.85 to US$1,031.95.
HL Bank fell the most, sliding 19 sen to RM7.40, CIMB 18 sen to RM12.26, Hong Leong Finance 12 sen to RM6.08 and Maybank nine sen lower to RM6.66.
Among heavyweight PLANTATION []s, Sime fell the most, shedding 14 sen to RM8.85, KLK and IOI Corp 10 sen each to RM15.80 and RM5.33.