Tuesday, October 5, 2010

KLCI up amid weaker broader market

KUALA LUMPUR: Market sentiment showed some caution after the weaker close on Wall Street on Tuesday, Oct 5 but the rebound in DiGi's share price helped shore up the 30-stock FBM KLCI.

At 12.30pm. the FBM KLCI was up 0.57% or 8.28 points to 1,470.55, lifted by gains including at DiGi, banking and other select blue chips. Market breadth, however, was negative with losers leading gainers by 401 to 229, while 264 counters traded unchanged. Volume was 547.15 million shares valued at RM720.74 million.

The ringgit weakened 0.54% against the US dollar and was quoted at 3.1090; crude palm oil futures for the third month delivery fell RM3 per tonne to RM2,672, crude oil declined 23 cents per barrel to US$81.24 and gold fell US$1.15 per ounce to US$1,314.10.

Nikkei 225 -0.08% 8,373.1 Hang Seng Index -0.37% 22,534.26, Taiwan's Taiex -0.92% 8,170.20 Kospi Index -0.33% 1,873.07 Singapore's Straits Times Index -0.35% 3,146.35. ''

The regional markets, except for China's stock exchange that is closed for a national holiday, were awaiting the outcome of a Bank of Japan policy-setting meeting that ends later in the day and the reaction in currency markets.



At Bursa Malaysia, DiGi jumped RM3.46 to RM24.46, Glenealy up 23 sen to RM5.15, Hong Leong Financial Group added 22 sen to RM9.10, Nestle up 20 sen to RM42.40,

Parkson up 14 sen to RM5.87, and Lion Forest Industries added 13 sen to RM2.22.

Petronas Gas, MISC and KL Kepong added six sen each to RM10.90, RM8.80 and RM17.10, respectively, AMMB was up five sen to RM5.90, RHB Capital added four sen to

RM7.49 and Maybank was up three sen to RM8.93.

Chin Teck was the top loser and fell 18 sen to RM8.20, Hua Yang lost 10 sen to RM1.15, EON Capital, Cahya Mata Sarawak and Kossan fell nine sen each to RM7.05,

RM2.85 and RM3.11, respectively, while Lebar Daun, CYL Corp and Mamee lost eight sen each to RM1.06, 51 sen and RM3.47, respectively.

Among the actively traded stocks were Oilcorp, UEM Land, KNM, SAAG, Talam and JCY International.


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