Monday, November 15, 2010

FBM KLCI manages to close above 1,500

KUALA LUMPUR: The FBM KLCI closed marginally higher on Monday, Nov 15 lifted by gains in GENTING BHD [] as sentiment perked up in key regional markets, enabling it to snap its two days of losses.

However, the marginal gains reflected the overall cautious sentiment in the local market. Among the external concerns were that Ireland may be forced to seek a financial rescue package while concerns of further credit tightening and capital controls.

The FBM KLCI closed 0.12% or 1.75 points higher at 1,501.56, lifted by gains including Genting, BAT, Gamuda, MISC and KL Kepong. However, gainers trailed losers by 330 to 442 while 288 counters were traded unchanged. Volume was 1.09 billion shares valued at RM1.26 billion.

All the top 10 most active counters were penny stocks, of which four were in the red.'' The active stocks included Jotech, KNM, Karambunai, Time, Ramunia, Salcon and Poh Kong.

At the regional markets, Japan's Nikkei 225 gained 1.06% to 9,827.51, the Shanghai Composite Index rose 0.97% to 3,014.41, the South Korean Kospi was up 0.04% to 1,913.81 while Hong Kong's Hang Seng Index slipped 0.81% to 24,027.18, Taiwan's Taiex lost 0.91% to 8,240.65 and Singapore's Straits Times Index shed 0.50% to 3,235.84.

Among the gainers, Kulim added 62 sen to RM13.94, Tasek rose 35 sen to RM7.35, Genting up 30 sen to RM10.46, MTD Capital rose 25 sen to RM6.20, Dutch Lady up 24 sen to RM18, SEG International up 23 sen to RM2.34 and BAT up 20 sen to RM46.60.

Lion Forest Industries added 18 sen to RM2.51, Gamuda up nine sen to RM3.55, MISC up eight sen to RM8.68, Hong Leong Financial Group gained seven sen to RM8.92 and KLK Kepong added four sen to RM19.84.

The decliners included Quality Concrete, P&O, Nestle, Fima Corp, Masterskill, Negri Sembilan Oil Palms, Lysaght and Litrak.


No comments:

Post a Comment