Tuesday, October 12, 2010

Investors cautious as Asian markets slump

KUALA LUMPUR:'' Investors stayed cautious in the morning session on Tuesday, Oct 12 in line with the overall slump at key regional markets as Japan's Nikkei 225 fell 1.6%. However, PLANTATION []s bucked the weaker market.

At 12.30pm, the FBM KLCI slipped 0.09% or 1.31 points to 1,486.10. The KLCI was also weighed by losses at BAT, Digi, Petronas Gas, CIMB and AMMB.
Losers led gainers by 351 to 284, while 298 counters traded unchanged. Volume was 686.95 million valued at RM871.42 million.

Crude palm oil futures for the third month delivery fell RM33 per tonne to RM2,896; crude oil slipped 59 cents per barrel to US$81.62, gold fell US$4.90 per ounce to US$1,349.15 while the ringgit weakened 0.27% to 3.1095 against the US dollar.

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Nikkei 225 -1.60% 9,435.40 Kospi -1.48% 1,862.02 Taiwan's Taiex -1.35% 8,066.54 Hang Seng Index -0.57% 23,075.94 Singapore's Straits Times Index
-0.31% 3,153.56 Shanghai Composite Index -0.27% 2,799.23

At Bursa Malaysia, BAT fell 68 sen to RM48.70, DiGi 48 sen to RM24.30, Panasonic 18 sen to RM18.46, Parkson 10 sen to RM5.90, PetGas and AMMB fell eight sen each to RM10.92 and RM5.89, HELP International shed seven sen to RM2.45 while CIMB fell six sen to RM8.09.

Among the gainers, Genting Plantations added 46 sen to RM8.60, CEPCO added 40 sen to RM2.49, Dutch Lady gained 38 sen to RM17.50, KL Kepong was up 34 sen to RM18.04, United Malacca added 18 sen to RM11.10, Batu Kawan and PPB Group gained 16 sen each to RM12.78 and RM17.78, while Hap Seng Plantations added 12 sen to RM2.58.

Ho Wah Genting was the most actively traded counter with 40.5 million shares done. The stock fell one sen to 27 sen. Other actives included Sinotop, Karambunai, CIMB and Malton.




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