Over 1,000 stocks in red on Budget, Top Glove woes

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At 5pm, the KLCI was down 19.09 points or 1.2%, making it the worst performer among the key Asian markets.

Declining stocks thumped advancers more than four to one or 1,093 losers to 250 gainers and 321 counters unchanged.

Turnover was 8.36 billion shares valued at RM4.28bil. Among the key Asian markets, Japan's Nikkei 225 rose 2.5%, Hong Kong's Hang Seng Index added 0.39%, South Korea's Kospi 0.58% and Singapore's Straits Times Index up 1.24%. China's Shanghai Composite fell 0.34% and Taiwan's Taiex 0.51%.HartalegaAlso in focus were GETS Global and Vivocom – which came under selling pressure – as investors gave these stocks a wide berth following a Bursa Securities warning about GETS's recent price surge.

Consumer stocks also fell with Nestle down RM2 to RM139, Carlsberg RM1.64 to RM20.88 and Heineken 60 sen to RM21.70 on profit taking.Banks were mixed with Public Bank up16 sen to RM18.38, Maybank gained three sen to RM8.13, CIMB flat at RM3.64 while Hong Leong Bank slipped four sen to RM16.84.

 

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