Friday, September 24, 2010

FBM KLCI stays in the red at mid-day

KUALA LUMPUR: The FBM KLCI remained in the red at the mid-day break on Friday, Sept 24, weighed down by losses at key blue chips including Genting, Tenaga and banking stocks.

At the break, the 30-stock index fell 0.56% or 8.16 points to 1,449.92.

However, trading improved in the broader market with some bargain hunting that saw gainers overtaking losers by 300 to 292, while 274 counters traded unchanged. Volume was 1.1 billion shares valued at RM716.34 million.

Investors were also encouraged as several key regional markets clawed back into the black on reports that Japanese stocks, which had taken a beating earlier in the morning, turned positive after the dollar spiked higher against the yen on rumours of intervention in the currency markets by Japanese authorities.

Japan's Nikkei 225 reversed much of its losses and was down a marginal 0.01% to 9,565.43 while Taiwan's Taiex was down 0.56% to 8,156.90.

Hong Kong's Hang Seng Index rose 0.26% to 22,105.37, the South Korean Kospi up 0.25% to 1,837.14 while Singapore's Straits Times Index added 0.11% to 3,086.60.

On Bursa Malaysia, the top loser Friday morning was DFZ Capital, which fell 23 sen to RM3.49. Genting lost 19 sen to RM9.74, Petronas Gas fell 18 sen to RM10.70, K-Star Sports lost 15 sen to RM1.84, Tan Chong Fell 12 sen to RM5.65, CIMB and Tenaga fell 11 sen each to RM8.08 and RM8.89, while AMMB lost 10 sen to RM5.66.

Other losers were Public Bank that fell six sen to RM12.56, Maybank down four sen to RM8.58 and RHB Capital lost three to RM7.01.

BAT was the top gainer, chalking up 62 sen to RM47.60; among glove makers, Top Glove rose 17 sen to RM5.27 and Hartalega added 10 sen to RM4.20, YTL gained 13 sen to RM7.70, DiGi.Com rose 12 sen to RM24.02 while DXN, Hong Leong Financial Group, Hap Seng and Masterskill rose eight sen each to RM1.13, RM8.90, RM2.83 and RM3.04 respectively.

Karambunai was the most actively traded stock with 296 million shares traded. The stock added 6.5 sen to 18.5 sen.

Other actives included SAAG, Talam, Compugates, KNM and Genting Malaysia.


No comments:

Post a Comment