KUALA LUMPUR: Blue chips snapped their winning streak at midday on Tuesday, Nov 2 as investors locked in gains while the broader market reflected some consolidation due to the mixed performance in key regional markets.
However, the FBM KLCI was still staying above the key 1,500 level. At 12.30pm, the FBM KLCI was down'' 3.96 points or 0.26% to 1,505.70 weighed by losses in Genting, Maybank, AMMB, CIMB and IOI Corp.
Losers beat gainers 404 to 229 while 305 counters traded unchanged. Volume was 669.69 million shares valued at RM813.57 million.
The ringgit weakened to 3.096 per US dollar, spot gold added US$1.65 an ounce to US$1,355.50 while crude palm oil futures for December delivery rose RM13 to RM3,098 per tonne.
Hang Seng Index +0.07% 23,668.74 Shanghai Composite Index +0.25% 3,061.74 Singapore's Straits Times Index +0.54% 3,209.49 Kospi +0.08% 1,916.26 Taiwan's Taiex
-0.19% 8,363.51 Nikkei 225 -0.02% 9,153.30 ''
''
At Bursa Malaysia, Genting fell eight sen to RM10.48, Maybank shed three sen to RM8.97, AMMB dipped six sen to RM6.29 while CIMB and IOI Corp fell two sen each to RM8.34 and RM5.83 respectively.
Quality was the top loser, down 28 sen to RM1.20 with only 100 shares done. Nestle and Far East fell 20 sen each to RM43.50 and RM6.70. Changhuat, which faces possible trading suspension over the delay in issuing its audited financial statement, lost 16 sen to RM1.04.
Among the gainers, Kulim surged 24 sen to RM10.40, Autoair added 19.5 sen to 30 sen, Masteel-WA rose 15 sen to 36.5 sen while Latexx-WA climbed 13-sen to RM2.49.
Karambunai Corp was the most active with 68.68 million shares transacted followed by Ho Wah Genting with turnover of 46.60 million unit
Maybank IB Research said the FBM KLCI resistance areas at 1,511 and 1,524 might cap market gains, whilst its support areas were located at 1,495 and 1,509.
'Due to the mixed tone in the US last night, we may see the FBM KLCI in a muted mode today ' with blue chip and mid-cap nibbling that might be curtailed by some profit-taking activities' the research house said in its daily technical outlook.
It said the FBM KLCI's previous key swing was at 1,445.33 (low), adding that benchmark index could stage another upside test of the 1,511.24-level soon, en-route to the 1,524.69 all-time high.
'Laggard PLANTATION [] and mid-cap stocks will continue to do well,' said Maybank IB Research.
However, the FBM KLCI was still staying above the key 1,500 level. At 12.30pm, the FBM KLCI was down'' 3.96 points or 0.26% to 1,505.70 weighed by losses in Genting, Maybank, AMMB, CIMB and IOI Corp.
Losers beat gainers 404 to 229 while 305 counters traded unchanged. Volume was 669.69 million shares valued at RM813.57 million.
The ringgit weakened to 3.096 per US dollar, spot gold added US$1.65 an ounce to US$1,355.50 while crude palm oil futures for December delivery rose RM13 to RM3,098 per tonne.
Hang Seng Index +0.07% 23,668.74 Shanghai Composite Index +0.25% 3,061.74 Singapore's Straits Times Index +0.54% 3,209.49 Kospi +0.08% 1,916.26 Taiwan's Taiex
-0.19% 8,363.51 Nikkei 225 -0.02% 9,153.30 ''
''
At Bursa Malaysia, Genting fell eight sen to RM10.48, Maybank shed three sen to RM8.97, AMMB dipped six sen to RM6.29 while CIMB and IOI Corp fell two sen each to RM8.34 and RM5.83 respectively.
Quality was the top loser, down 28 sen to RM1.20 with only 100 shares done. Nestle and Far East fell 20 sen each to RM43.50 and RM6.70. Changhuat, which faces possible trading suspension over the delay in issuing its audited financial statement, lost 16 sen to RM1.04.
Among the gainers, Kulim surged 24 sen to RM10.40, Autoair added 19.5 sen to 30 sen, Masteel-WA rose 15 sen to 36.5 sen while Latexx-WA climbed 13-sen to RM2.49.
Karambunai Corp was the most active with 68.68 million shares transacted followed by Ho Wah Genting with turnover of 46.60 million unit
Maybank IB Research said the FBM KLCI resistance areas at 1,511 and 1,524 might cap market gains, whilst its support areas were located at 1,495 and 1,509.
'Due to the mixed tone in the US last night, we may see the FBM KLCI in a muted mode today ' with blue chip and mid-cap nibbling that might be curtailed by some profit-taking activities' the research house said in its daily technical outlook.
It said the FBM KLCI's previous key swing was at 1,445.33 (low), adding that benchmark index could stage another upside test of the 1,511.24-level soon, en-route to the 1,524.69 all-time high.
'Laggard PLANTATION [] and mid-cap stocks will continue to do well,' said Maybank IB Research.
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