Monday, November 15, 2010

Regional sentiment caps gains on Bursa

KUALA LUMPUR:'' The gains on Bursa Malaysia were limited at the midday break on Monday, Nov 15 in line with the cautious sentiment at the regional markets.

Asian markets mostly dipped as lingering worries on the uncertain global economic prospect and China's possible interest rate hike overshadowed Japan's 3Q economic data of 0.9% growth.

At Bursa Malaysia, the 30-stock FBM KLCI was just up 0.01% or 0.14 point to 1,499.95 at 12.30pm. Gainers trailed losers by 298 to 386, while 253 counters traded unchanged. Volume was 501.67 million shares valued at RM533.48 million.

The ringgit weakened 0.55% to 3.1348 versus the US dollar; crude palm oil fell RM51 per tonne to RM3,300; gold shed US$1.05 to US$1,367.70 while crude oil added two cents per barrel to US$84.90.

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Nikkei 225 +0.73% 9,795.98 Hang Seng Index -0.57% 24,083.92 Shanghai Composite Index -0.63% 2,966.75 Taiwan's Taiex -1% 8,233.25 Singapore's Straits Times Index -0.57% 3,233.43 Kospi -0.07% 1,911.76 ''

On Bursa Malaysia, Kulim was the top gainer this morning and was up 70 sen to RM14.02; BAT added 42 sen to RM46.82, Tasek gained 35 sen to RM7.35, SEG International up 26 sen to RM2.37, Dutch Lady rose 24 sen to RM18, Lion Forest Industries and Genting rose 16 sen each to RM2.49 and RM10.32 while MTD Capital rose 15 sen to RM6.10.

Among the decliners, Quality Concrete fell 43 sen to RM1.06, Lysaght and Supermax fell 13 sen each to RM1.51 and RM4.40, Masterskill fell 11 sen to RM2.15, P&O shed 10.5 sen to 91.5 sen, while United PLANTATION []s, AMMB and RHB Capital fell 10 sen each to RM17.50, RM6.09 and RM7.76 respectively.

Time was the most actively traded counter with 30.94 million shares done. The stock added half a sen to 53 sen. Other actives included Hubline, Poh Kong, Mulpha, Karambunai, Ho Wah Genting and Salcon.


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