Thursday, June 10, 2010

10MP fails to impress market

KUALA LUMPUR: The unveiling of the Tenth Malaysia Plan failed to perk up the market on Thursday, June 10, with the FBM KLCI adding only 2.28 points to 1,292.36 as at 3.05pm.

The announcements that included a mass rapid transport system for Kuala Lumpur, double-tracking project from Gemas to Johor Bahru and an International Financial District did not seem to excite investors very much, as evident from the lacklustre market movement.

Lifting the index were gains at RHB Capital, CIMB and Malayan Banking, as well as TM, Digi and PPB.

Losers edged gainers by 241 to 221, while 247 counters traded unchanged. Volume was 472.86 million shares valued at RM378.17 million.

RHB Capital added five sen to RM5.75, Maybank rose three sen to RM7.41 while CIMB and PPB gained two sen each RM6.90 and RM15.82.

Meanwhile, DiGi rose six sen to RM22.62 while TM added one sen to RM3.32.

Other gainers included Tanjong, BAT, Nestle, KFCH, KPJ and Faber.

DFZ Capital was among the losers and fell 23 sen to RM3.72. Others included K-Star Sports, NSTP, Jerneh, Perduren and Carlsberg.

Talam, which came off the PN17 list Thursday morning, was the most actively traded stock with 230.7 million shares done. The counter added half a sen to 14.5 sen. Other actives included Kenmark, AirAsia, Zelan and CIMB.

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