Wednesday, August 18, 2010

FBM KLCI advances for fourth day

KUALA LUMPUR: The FBM KLCI advanced for the fourth day on Wednesday, Aug 18 and was up 2.93 points to 1,381.40 at the mid-day break, lifted by gains including at Sime Darby and Maxis.

However, market breadth turned slightly negative with losers leading gainers by 353 to 269, showing some signs of profit taking. Volume was 519.57 million shares.

Regional markets fluctuated, as mixed data from the US showed higher produce prices while housing starts posted a weaker than expected rise.

At the regional markets, Japan's Nikkei 225 rose 0.82% to 9,236.41, the South Korean Kospi Index was up 0.19% to 1,758.38 and Singapore's Straits Times Index rose 0.12% to 2,926.82.

The Shanghai Composite Index fell 0.30% to 2,663.91, Hong Kong's Hang Seng Index was down 0.20% to 21,094.80 and Taiwan's Taiex lost 0.16% to 7,918.30.

Among the top gainers on Bursa Malaysia, LPI Capital added 22 sen to RM17.86, Yee Lee was up 16 sen to RM3.50, Maxis rose 14 sen RM5.43 while MBM Resources gained 13 sen to RM3.29.

F&N and Sime Darby rose 14 sen each to RM14 and RM7.79, while Tasco and Warisan were up 11 sen each to RM1.11 and RM2.56.

Nestle was the top loser this morning and fell 50 sen to RM39; KPower lost 20 sen to 74.5 sen, SHG International down 14 sen to RM2.71, Genting down 13 sen to RM8.80, BHIC fell 12 sen to RM4.48 while HELP was down 10 sen to RM4.01.

Meanwhile, P.I.E, Hong Leong Financial Group, Toyo Ink and Cocoaland fell seven each to RM4.22, RM8.40, RM1.60 and RM2.70 respectively.

Carotech was the most actively traded stock with 27.57 million shares done. The counter was unchanged at 10 sen. Other actives included Tiger, Sinotop, TMC Life, Ogawa, Genting Malaysia, Berjaya Retail and Maxis.


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