Tuesday, November 2, 2010

FBM KLCI snaps 5-day gains on profit taking

KUALA LUMPUR: The FBM KLCI snapped its five straight days of gains on Tuesday, Nov 2 following profit taking on selected index-linked stocks but the losses were quite well absorbed.

The FBM KLCI fell 3.09 points to end the day at 1,506.57 after rising to an intra-day high of 1,509.79. Tuesday's close saw the benchmark index adding 18.37% year-to-date.

Turnover was at 1.2 billion shares which translated into RM1.609 billion. There were 279 gainers, and 463 losers while 320 stocks remained unchanged.

The ringgit strengthened to 3.087 per US dollar, spot gold declined US$1.55 to US$1,357.85 while crude palm oil futures for December delivery rose RM2 to RM3,087 per tonne.

Key regional markets ended the day mostly higher except for Shanghai SE Composite and Taiwan's Taiex Index.

Among the index linked stocks, AMMB lost five sen to RM6.30, Genting four sen to RM10.48, Axiata,'' Maybank and IOI Corp each shed two sen to RM4.44, RM8.98 and RM5.83 respectively.

United PLANTATION []s was top gainer at Bursa Malaysia, adding 30 sen to RM17.40 and Kulim 28 sen to RM10.44 while Tasek added 23 sen to RM7.03.

Nestle was among the decliners, down 30 sen to RM43.40, Far East 20 sen to RM6.70 and Fima Corp 17 sen to RM5.48.

Changhuat lost 15 sen to RM1.05 with 1.56 units done on the possible trading suspension over the delay in the issuance of its financial statements.

Karambunai Corp was most active at 145.76 million units while the second most active stock, Ho Wah Genting, saw 66.46 million shares transacted.


No comments:

Post a Comment