Monday, November 29, 2010

Blue chips open weaker, plantations drag

KUALA LUMPUR: Blue chips started the week on a cautious note on Monday, Nov 29 in line with the weaker Wall Street as the markets digested news about the 85 billion euro rescue plan for Ireland.

Reuters reported the 16-nation euro zone approved the package, which included an immediate 10 billion euro recapitalisation for Ireland's debt-stricken banks, fearing contagion would strike fellow strugglers Spain and Portugal

At 9.09am, the FBM KLCI fell 10.45 points to 1,481.60. Turnover was 54.03 million shares done valued at RM78.65 million. Losers beat gainers 157 to 52 while 103 stocks unchanged.

Genting PLANTATION []s fell 55 sen to RM8.10 with 100 shares done, Riverview plunged 54 sen to RM2.60, IOI Corp 11 sen to RM5.71 and KL Kepong 10 sen to RM19.90.

Kulim gave up part of the recent gains, down 20 sen to RM12.20 and QSR-WB 15 sen to RM3.05.


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