KUALA LUMPUR: The FBM KLCI slipped into the red at mid-morning on Wednesday, Sept 22 and was marginally down by 0.22 points to 1,575.77 at 10am, with losses including at Maybank, IOI Corp, KLK and Genting Malaysia.
Some mild profit taking emerged as losers outpaced gainers by 191 to 180, while 236 counters traded unchanged. Volume was 265.53 million shares valued at RM254.39 million.
Maybank Investment Bank Bhd head of retail research Lee Cheng Hooi in a note to clients today said that due the mixed trading mode at Wall Street last night, the FBM KLCI would inch up on Wednesday ' with some blue chip bargain hunting movements as well as some rotational lower liner activity.
"Obvious profit-taking activities may trim the market's advance. As such, trade with a relevant stop-loss on each stock for a short to medium-term time frame," he said.
On Bursa Malaysia, the top loser at mid-morning was BAT that fell 40 sen to RM46.10; Genting Malaysia fell nine sen to RM3.55, KLK down four sen to RM17.12, Maybank and IOI Corp down two sen each to RM8.68 and RM5.70 while BLD PLANTATION []s lost 19 sen to RM4.14.
Other losers included Masterskill, United Malacca and Kossan.
The top gainer was Bursa that added 20 sen to RM7.90; PacificMas rose 18 sen to RM4.70, Tradewinds up 15 sen to RM4.09, SHL added 13 sen to RM1.24, Jaya Tiasa and Handal rose 12 sen each to RM3.85 and 92 sen while P.I.E and Dutch Lady added 10 sen each to RM4.20 and RM16.70.
The actives included Genting Malaysia, Karambunai, Malton, Berjaya Corp, Carotech and Handal.
At the regional markets, Japan's Nikkei 225 rose 0.03% to 9,605.12, Singapore's Straits Times Index was flat at 3,095.34 and the Hong Kong Hang Seng Index opened 0.5% higher at 22,110.65.
The China, Taiwan and Korean stock markets are closed on Wednesday.
Some mild profit taking emerged as losers outpaced gainers by 191 to 180, while 236 counters traded unchanged. Volume was 265.53 million shares valued at RM254.39 million.
Maybank Investment Bank Bhd head of retail research Lee Cheng Hooi in a note to clients today said that due the mixed trading mode at Wall Street last night, the FBM KLCI would inch up on Wednesday ' with some blue chip bargain hunting movements as well as some rotational lower liner activity.
"Obvious profit-taking activities may trim the market's advance. As such, trade with a relevant stop-loss on each stock for a short to medium-term time frame," he said.
On Bursa Malaysia, the top loser at mid-morning was BAT that fell 40 sen to RM46.10; Genting Malaysia fell nine sen to RM3.55, KLK down four sen to RM17.12, Maybank and IOI Corp down two sen each to RM8.68 and RM5.70 while BLD PLANTATION []s lost 19 sen to RM4.14.
Other losers included Masterskill, United Malacca and Kossan.
The top gainer was Bursa that added 20 sen to RM7.90; PacificMas rose 18 sen to RM4.70, Tradewinds up 15 sen to RM4.09, SHL added 13 sen to RM1.24, Jaya Tiasa and Handal rose 12 sen each to RM3.85 and 92 sen while P.I.E and Dutch Lady added 10 sen each to RM4.20 and RM16.70.
The actives included Genting Malaysia, Karambunai, Malton, Berjaya Corp, Carotech and Handal.
At the regional markets, Japan's Nikkei 225 rose 0.03% to 9,605.12, Singapore's Straits Times Index was flat at 3,095.34 and the Hong Kong Hang Seng Index opened 0.5% higher at 22,110.65.
The China, Taiwan and Korean stock markets are closed on Wednesday.
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