Friday, December 24, 2010

Asian markets mostly down at mid-day

KUALA LUMPUR: The FBM KLCI remained in negative territory for most of the morning trading session on Friday, Dec 24, in line with the general decline at key regional markets as investor sentiment was tepid following the recent downgrades of several European countries, as well thin trading ahead of the Christmas and year-end holidays.

The Asian markets were also mostly down in line with the weaker overnight close at Wall Street.

On Bursa Malaysia, the FBM KLCI fell 0.16% or 2.42 points to 1,512.06, weighed by losses including at Genting, AMMB and DiGi.

Losers beat gainers by 388 to 221 while 272 counters traded unchanged. Volume was 502.88 million shares valued at RM476.74 million.

The ringgit strengthened 0.52% to 3.0976 versus the US dollar; crude palm oil for the third month delivery gained RM3 per tonne to RM3.661, gold added US$3.20 per troy ounce to US$1,383.30 (RM4283.67), while crude oil was US$91.51 per barrel as of close on Dec 23.

At the regional markets, Japan's Nikkei 225 was down 0.70% to 10,273.80, the Shanghai Composite Index fell 0.45% to 2,842.46, South Korea's Kospi lost 0.28% to 2,031.76, Hong Kong's Hang Seng Index was down 0.23% to 22,850.34, Taiwan's Taiex shed 0.22% to 8,879.35 while Singapore's Straits Timex Index added 0.15% to 3,142.56.

At Bursa Malaysia, MAHB was the top loser Friday morning, falling 17 sen to RM6.12. Genting fell 16 sen to RM10.72, AMMB down 14 sen to RM6.90, DiGi lost 12 sen to RM25.06, Nestle fell 10 sen to RM43.70, while Perduren, SEG International and KNM fell nine sen each to 83.5 sen, RM2.23 and RM2.91 respectively.

The top gainer was Bernas, which added 40 sen to RM2.65. Batu Kawan rose 30 sen to RM16.56, KLK was up 26 sen to RM21.90, Konsortium Logistik was up 13 sen to RM1.63, Fima Corp added 11 sen to RM5.81, Parkson added 10 sen to RM5.64 and HELP rose nine sen to RM2.39.

IRCB was the most actively traded counter Friday morning, with 40.5 million shares done. The stock fell three sen to 25.5 sen. Other actives included Tejari, JCY, Hubline, DRB-Hicom, KNM warrants and Unisem warrants.




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