Malaysia Market: BAT, JTI down on concerns on hike in tobacco duty

Shares of BRITISH AMERICAN TOBACCO (M) Bhd and JT INTERNATIONAL BHD fell at midday on Thursday, Sept 15 on concerns of a hike in the tobacco duty in the Budget 2012 proposals which will be unveiled on Oct 7.

At 11.56am, BAT was down 56 sen to RM43.70 but in thin volume of 1,600 shares done while JTI lost 15 sen to RM6.45 with 13,000 units transacted.

The FBM KLCI was a marginal 0.55 of a popint up at 1,438.16 after closing at a 53-week low on Wednesday. There were 232.03 million shares done valued at RM370.32 million. There were 224 gainers, 241 losers and 272 stocks unchanged.(theedgemalaysia.com)