Friday, October 29, 2010

FBM KLCI lower at midday

KUALA LUMPUR: The FBM KLCI slipped into the red at the mid-day break on Friday, Oct 29 as investors turned cautious following weakening of Asian stocks that dragged the MSCI Asia Pacific Index to its second weekly decline.

At 12.30pm, the KLCI was down 0.63 points to 1,498.81, dragged by losses in Public Bank, Genting, Tenaga Nasional, IOI Corp and Telekom Malaysia. Losers outpaced gainers by 387 to 280, while 296 counters traded unchanged. Volume was 850.31 million shares valued at RM1.218 billion.'''' ''

The ringgit weakened to 3.112 per US dollar; spot gold added US$3.70 an ounce to US$1,340.95 (RM4,156.95), while crude palm oil futures for December delivery fell RM22 to RM3,059 per tonne.

On Bursa Malaysia, Public Bank and Genting each shed 6-sen to RM12.70 and RM10.22 respectively. Heavyweights like Tenaga dropped 4-sen to RM8.83 while IOI and Telekom each dipped 2 sen to RM5.81 and RM3.36 respectively.

Among the gainers, MMHE jumped 80-sen to RM4.60, Nestl'' added 40-sen to RM44.0, AIA-C1 grew 28.5 sen to 43.5 sen, YTL Land rose 22 sen to RM1.50 while DiGi grew 12-sen to RM25.32.

MMHE was the most actively traded stock at midday with 115.87 million shares done followed by Talam turnover at 72.12 million units. The market was mixed in early trade on Friday, Oct 29 with the FBM KLCI still marginally above the key 1,500 level, but trading interest was on MMHE.

For the regional markets, the midday results are as follows:

Hang Seng Index -0.73% 23,042.03 Taiex -0.72% 8,293.53 Straits Times Index +0.01% 3,129.68 Nikkei 225 -1.60% 9,216.32 Kospi -1.44% 1,880.43 Shanghai Composite Index -0.85% 2,967.22

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