KUALA LUMPUR: The FBM KLCI slipped into the red at the mid-day break on Thursday,?? Oct 28 as investors turned cautious after the benchmark was unable to hold above the key 1,500 level again.
At 12.30pm, the KLCI was down 0.20% or 2.96 points to 1,496.15, dragged by losses?? in Genting, Hong Leong Bank, MISC, Genting Malaysia (GentingM) and MAS. Losers outpaced gainers by 432 to 213, while 298 counters traded unchanged. Volume was 509.55 million shares valued at RM639.1 million.
The ringgit weakened 0.02% to 3.1070 per US dollar; crude oil gained 16 cents per barrel to US$82.10, gold added US$2.60 an ounce to US$1,327.95 while crude palm oil futures for the third month delivery rose RM27 to RM3,064 per tonne.
Hang Seng Index +0.25% 23,222.78 Taiwan???s Taiex +0.37% 8,321.38 Singapore???s Straits Times Index??
+0.31% 3,134.06 Nikkei 225 -0.17% 9,371.40 Kospi -0.27% 1,904.35 Shanghai Composite Index -0.58% 2,979.77 .
On Bursa Malaysia, Genting fell 22 sen to RM10.14 while GentingM lostl seven sen to?? RM3.43. AmResearch maintained a HOLD on GenM with fair value at RM3.85 as valuations are fair and no longer cheap. In the longer-term,the group???s profitability would be supported by contribution from the UK and US gaming assets, it said.
"Newsflow would come in the form of approval for more casino licences in the UK. The outcome of its joint bid for a ???large??? casino in Newham, UK, would be announced in February 2011," said the research house.
Boustead lost 20 sen to RM5.65, Supermax down 16 sen to RM4.46, Top Glove lost 15?? sen to RM5.50, Hong Leong Bank down 13 sen to RM9.02, Ann Joo fell 12 sen to RM3.08 while MAS shed six sen to RM2.24.
Among the gainers, Kuchai and KFCH added 12 sen each to RM1.36 and RM3.56, MAHB 11 sen to RM5.97, Sungei Bagan and Riverview 10 sen each to RM3.12 and RM3.22, Jaya Tiasa gained nine sen to RM4.05 while Naim and PPB added eight sen each to RM3.53 and RM19.08.
SAAG was the most actively traded stock this morning with 39.6 million shares done. The counter shed half a sen to 7.5 sen. Other actives include Jotech, Karambunai, MK Land, Jadi and CIMB.
At 12.30pm, the KLCI was down 0.20% or 2.96 points to 1,496.15, dragged by losses?? in Genting, Hong Leong Bank, MISC, Genting Malaysia (GentingM) and MAS. Losers outpaced gainers by 432 to 213, while 298 counters traded unchanged. Volume was 509.55 million shares valued at RM639.1 million.
The ringgit weakened 0.02% to 3.1070 per US dollar; crude oil gained 16 cents per barrel to US$82.10, gold added US$2.60 an ounce to US$1,327.95 while crude palm oil futures for the third month delivery rose RM27 to RM3,064 per tonne.
Hang Seng Index +0.25% 23,222.78 Taiwan???s Taiex +0.37% 8,321.38 Singapore???s Straits Times Index??
+0.31% 3,134.06 Nikkei 225 -0.17% 9,371.40 Kospi -0.27% 1,904.35 Shanghai Composite Index -0.58% 2,979.77 .
On Bursa Malaysia, Genting fell 22 sen to RM10.14 while GentingM lostl seven sen to?? RM3.43. AmResearch maintained a HOLD on GenM with fair value at RM3.85 as valuations are fair and no longer cheap. In the longer-term,the group???s profitability would be supported by contribution from the UK and US gaming assets, it said.
"Newsflow would come in the form of approval for more casino licences in the UK. The outcome of its joint bid for a ???large??? casino in Newham, UK, would be announced in February 2011," said the research house.
Boustead lost 20 sen to RM5.65, Supermax down 16 sen to RM4.46, Top Glove lost 15?? sen to RM5.50, Hong Leong Bank down 13 sen to RM9.02, Ann Joo fell 12 sen to RM3.08 while MAS shed six sen to RM2.24.
Among the gainers, Kuchai and KFCH added 12 sen each to RM1.36 and RM3.56, MAHB 11 sen to RM5.97, Sungei Bagan and Riverview 10 sen each to RM3.12 and RM3.22, Jaya Tiasa gained nine sen to RM4.05 while Naim and PPB added eight sen each to RM3.53 and RM19.08.
SAAG was the most actively traded stock this morning with 39.6 million shares done. The counter shed half a sen to 7.5 sen. Other actives include Jotech, Karambunai, MK Land, Jadi and CIMB.
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