Monday, December 20, 2010

FBM KLCI closes in the red in line with Asian markets

KUALA LUMPUR: The FBM KLCI closed in negative territory on Monday, Dec 20 in line with key regional markets that were mired in the red as concerns over the euro zone debt crisis persisted following last week's Irish rating downgrade.

Tensions in Korea also made investors wary, according to Reuters.

Despite threats of war by Pyongyang, South Korea launched live-fire drills on a disputed island after an emergency U.N. Security Council meeting failed to agree on how to defuse the crisis, it said.

On Bursa Malaysia, the FBM KLCI fell 0.27% or 4.00 pints to 1,495.88, weighed by losses including at Genting, Petronas Gas, KLK, Sime Darby, YTL and MISC.

Gainers beat losers by 503 to 251, while 278 counters traded unchanged. Volume was 1.05 billion shares valued at RM1.59 billion.

At the regional markets, the Shanghai Composite Index fell 1.41% to 2,852.92, Japan's Nikkei 225 lost 0.85% to 10,216.41, Taiwan's Taiex lost 0.56% to 8,768.72, Hong Kong's Hang Seng Index lost 0.33% to 22,639.08, South Korea's Kospi fell 0.30% to 2,020.28 and Singapore's Straits Times Index fell xxx

On Bursa Malaysia, Nestle was the top loser and fell RM1.08 to RM42.02; PPB fell 40 sen to RM17.74, Malaysia Smelting Corp lost 39 sen to RM4.41, UAC was down 28 sen to RM3.42, Batu Kawan fell 22 sen to RM16.38, Dutch Lady fell 20 sen to RM17.74, Genting lost 16 sen to RM10.34, KLK and PetGas lost six sen each to RM20.82 and RM11.22, while Sime Darby, YTL and MISC fell five sen each to RM8.70, RM8.35 and RM8.20 respectively.

DRB-Hicom was the most actively traded counter with 39.2 million shares done. The counter added 15 sen to RM1.93.

Other actives included Olympia, Ramunia, Compugates, KNM and Hubline.

Gainers included MPI, Hap Seng, YTL Land, IJM Corp, Mudajaya, Toyo Ink, Metrod and Cocoaland.


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