Friday, September 17, 2010

KCLI slips into the red, DiGi, MISC weigh

KUALA LUMPUR: The FBM KLCI slipped marginally into the red in late morning on Friday, Sept 17 on some mild profit taking of DiGi and MISC while the broader market was mixed in thin trade.

At 11.13am, the KLCI was down 0.15 point to 1,472.80, erasing earlier gains. Turnover was 328.33 million shares valued at RM595.87 million. There were 264 gainers, 270 losers and 249 stocks unchanged.

However, overall market sentiment should remain firm with some intermittent profit taking on recent gainers.

DiGi fell 10 sen to RM24.70 and MISC eight sen to RM8.92 in thin trade.'' Glove makers retreated, with Hartalega down 14 sen to RM4.77, Top Glove 13 sen to RM5.87 and Latexx-WA also down 13 sen to RM2.37.

Jaya Tiasa was the top loser, down 18 sen to RM3.50 while Kulim shed 10 sen to RM8.40.

Bonia was up 12 sen to RM1.62. The Edge FinancialDaily reported Bonia's latest acquisition of a 70% stake in Singapore-based Jeco Pte Ltd may prove to be a gem as it adds more brands and a new money-spinner to its stable.

Genting Malaysia rose seven sen to RM3.21 while Gentingm-CL added one sen to 10 sen and Genting Singapore-C8 advanced 4.5 sen to 25.5 sen.

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