Wednesday, October 27, 2010

1,500 remains formidable for KLCI

KUALA LUMPUR: The?? psychologically crucial 1,500 level continued to be a formidable resistance level for the FBM KLCI as lack of follow-through buying support saw the 30-stock index ending the morning session just marginally below the level on Wednesday, Oct 27. Key Asian markets fell.

At 12.30pm, it was up 2.09 points to 1,499.03 after it briefly surpassed the 1,500-level. The 30-stock index was lifted by DiGi, Public Bank and AMMB. Losers overtook gainers by 380 to 312, while 273 counters traded unchanged. Volume was 640.14 million shares valued at RM784.39 million.

Crude palm oil futures for the third month delivery declined RM17 per tonne to RM3,036; the ringgit weakened 0.42% to 3.1087 per US dollar, crude oil slipped 41 cents per barrel to US$82.14 while gold fell US$4.80 an ounce to US$1,335.65.

Hang Seng Index -1.6% 23,223.54 Straits Times Index -0.85% 3,135.57 Kospi -0.67% 1,906.49 Taiwan???s Taiex -0.53% 8,298,64 Nikkei 225 -0.29% 9,349.87 Shanghai Composite Index 0.25% 3,033.97 ??

Among the major gainers this morning, DiGi advanced 14 sen to RM24.80, Public Bank and AMMB added 12 sen each to RM12.84 and RM6.19, KL Kepong gained 10 sen to RM19.50, CIMB was up six sen to RM8.14 while MMC Corp rose five sen to RM3.09.

Tasek rose 30 sen to RM6.80, United PLANTATION []s added 20 sen to RM17.20, CONCRETE ENGINEERING PRODUCTS [] was up 18 sen to RM2.30, QL and Genting Plantations gained 17 sen each to RM5.40 and RM8.77, S P Setia rose 16 sen to RM5.21 and PPB added 12 sen to RM18.84.

The top loser was Nestle that fell 40 sen to RM43.60; Cycle& Carriage lost 11 sen to RM4.88, Cocoaland and Genting fell 10 sen each to RM2.34 and RM10.40, Tahps down nine sen to RM4.60 while Kim Loong Resources and Boustead lost eight sen each to RM2.45 and RM5.94.

L&G was the most actively traded counter this morning with 24 million shares done. The stock added 2.5 sen to 54.5 sen. Other actives included Scomi, Karambunai, PLUS, Jaks, Perisai and Carotech.

No comments:

Post a Comment