Friday, July 30, 2010

FBM KLCI opens in the red

KUALA LUMPUR: The FBM KLCI fell 1.26 points to 1,357.15 at 9.05am on Friday, July 30 dragged by losses including at Tenaga and Telekom Malaysia.

The decline at Bursa Malaysia was also in line with the negative sentiment at most regional markets following weak outlooks from US TECHNOLOGY [] companies and downbeat comments by a Federal Reserve official underlined concerns about the U.S. economic recovery.

On Bursa Malaysia, among the top losers in early trade, Tenaga fell three sen to RM8.57 while TM lost two sen to RM3.37. TSH fell eight sen to RM1.80, Notion Vtec, Bursa and Suiwah Corp down five sen each to RM2.63, RM7.13 and RM1.54, while M3nergy fell four sen to RM1.79.

Sinotop was the most actively traded counter with 8.49 million shares done. The stock fell 4.5 sen to 26.5 sen. Other actives included Ranhill, E&O, Scomi, Timecom, Nylex and Landmarks.

Petronas Gas was the top gainer and added 35 sen to RM9.90. Lafarge was up eight sen to RM6.78, while C I Holdings six sen to RM3.04. Asia File, Boustead, Kulim and Jerneh up five sen each to RM4.38, RM3.94, RM7.95 and RM3.21 respectively, while Ranhill was up 4.5 sen to 81 sen.


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