Malaysia Market - Mid-Day Comments

12:30 Asian stocks fell for a second day, led by financial and technology companies, as the global economic recession drives companies to reduce employee numbers and output. Japan down by 1.81%, Hong Kong 2.71% and Singapore 2.61%.

KLCI lingering directionless along yesterday’s closing level with KLCI settled at 882.05 lost 1.31 pts or 0.15%.

Need not to say, market sentiment was also weak with MSO sliding down from its starting point of -75.19 to -142.83. Volume reduced from 2.05 mln to 1.04 mln per minute.