Tuesday, September 7, 2010

KLCI eases, glove makers fall

KUALA LUMPUR: Blue chips extended their consolidation phase in the morning session on Tuesday, Sept 7 with volume easing off ahead of the Hari Raya holidays and muted key regional markets. Wall Street was closed on Monday for its Labor Day.

At 12.30pm, the FBM KLCI fell just 0.02 of a point to 1,434.66. Turnover was 337.41 million shares valued at RM469.12 million. The broader market was weaker with 244 gainers, 312 losers and 266 stocks unchanged.

Light crude oil fell 68 cents to US$73.92, crude palm oil futures shed RM2 to RM2,610 while the ringgit weakened against the US dollar to 3.1204, off 0.0031 from the previous close of 3.1173.

Nikkei 225 -0.94% 9,213.85 Hang Seng Index +0.01% 21,358.20 Shanghai Composite Index -0.38% 2,685.99 Singapore Straits Times Index -0.29% 3,025.90 ''

''

At Bursa Malaysia, glove makers were among the major decliners. Top Glove fell 13 sen to RM5.87, Kossan and Supermax 10 sen each to RM3.19 and RM4.87 while Hartalega shed one sen to RM5.02.

Petronas Dagangan was the top loser, down 34 sen to RM11.46 with 40,500 shares done.

RHB Cap lost nine sen to RM7.04 after major shareholder, the Employees Provident Fund, said there were no merger talks currently in progress.

AMMB shed six sen to RM5.90, Genting'' Malaysia two sen to RM3 and UMW five sen to RM6.69.

KNM was the most active counter with 24.79 million shares done. It shed one sen to 39.5 sen.

P&O rose 10 sen to RM1.14. P&O confirmed on Aug 13 that it received the approval from Bank Negara to begin preliminary negotiations for a proposed disposal of stake in its insurance unit to Prudential Holdings Limited.

DiGi was the top gainer, adding 25 sen to RM24.90, BAT 18 sen to RM47.08, Petronas Gas 16 sen to RM10,78 and KLK 14 sen to RM17.12.


No comments:

Post a Comment