Wednesday, August 4, 2010

Investors cautious, banks weigh

KUALA LUMPUR: The FBM KLCI fell on Wednesday, Aug 4 in line with the overall weaker sentiment at regional markets following the lower overnight close on Wall Street.

The 30-stock index was weighed down by losses in key blue chips including CIMB, Maybank, Genting, Axiata and Public Bank.

At midday, the FBM KLCI was down 4.04 points to 1,359.79. Gainers trailed losers by 190 to 396, while 250 counters traded unchanged. Volume was 336.26 million shares valued at RM451.57 million.


Nikkei 225 -2.11%
9,489.26 Kospi Index -0.76% 1,777.04 Shanghai's Composite Index -0.46% 2,615.04 Singapore's Straits Times Index -0.36% 3,003.86 Hang Seng Index -0.09% 21,439.10 Taiex Index +0.03% 7,959.56
Crude palm oil futures for the third month delivery rose RM33 per tonne to RM2,588; gold added US$6.30 per ounce to US$1,192.40 while crude oil shed 43 cents per barrel to US$82.12.

Among the major losers on Bursa Malaysia, CIMB fell nine sen to RM7.36, Genting five sen to RM7.89, RHB Capital and Berjaya Sports Toto four sen each to RM6.36 and RM4.18 while AMMB and Axiata fell three sen each to RM5.12 and RM4.29.

Maybank, Public Bank, Genting Malaysia and Sime fell two sen each to RM7.72, RM11.98, RM2.84 and RM7.70, respectively.

Other losers included Ya Horng, Cocoaland, Supermax, DFZ Capital, Panasonic, Mudajaya and Sunway City.
Sinotop was the most actively traded stock with 22.52 million shares done. The counter gained half a sen to 18 sen.

Other actives included Axiata, Biosis, Time Engineering, Time dotCom, KNM and P&O.

Among the gainers, Nestle added 20 sen to RM39, Malaysia Smelting Corp 19 sen to RM4.11, Aeon and Batu Kawan up 14 sen each to RM5.24 and RM11.70 and KFCH rose 12 sen to RM10.82.

BAT, PPB and DiGi added 10 sen each to RM45.30, RM17.50 and RM24.70, respectively.

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