KUALA LUMPUR: The FBM KLCI slipped into the red at mid-morning onA Monday, Dec 27 as investors mostly remained on the sidelines due to lack of fresh leads, as well as on the mixed reactions at key regional markets over China's decision to raise interest rates over the weekend.
At 10am, the 30-stock FBM KLCI shed 0.89 point to 1,510.69, weighed by losses including at DiGi, Public Bank and BAT.
Gainers trailed losers by 169 to 183, while 178 counters traded unchanged. Volume was 122.63 million shares valued at RM103.23 million.
HwangDBS Vickers Research Sdn Bhd said the Malaysian bourse will probably kick off the last trading week of 2010 on a weaker note.
Its benchmark FBM KLCI may dip towards the first support level of 1,495 due to a dearth of buying catalysts, it said in a note Dec 27.
'Sentiment on the home front will also hinge on the overseas market performance today.
'In particular, investors will be watching out for the initial reaction to China's decision to raise interest rates over the weekend,' it said.
At the regional markets, Japan's Nikkei 225 was up 0.59% to 10.340.26, the Shanghai Composite Index added 0.27% to 2,842.90, Singapore's Straits Times Index gained 0.12% to 3,147.51 while South Korea's Kospi slipped 0.20% to 2,025.56 and Taiwan's Taiex lost 0.12% to 8,850.63.
Meanwhile, Hong Kong's Hang Seng Index was closed for a public holiday.
On Bursa Malaysia, the top loser at mid-morning was BAT that fell RM1 to RM44.80; HPI fell 11 sen to RM2, Delloyd was down nine sen to RM3.30, PPB, DiGi and Adventa fell six sen each to RM16.76, RM25 and RM2.42 respectively, Wah Seong Corp and Supermax fell five sen each to RM2.09 and RM4.13, while Public Bank lost four sen to RM12.80.
Gainers included TDM, EPIC, Amway, Kulim, Berjaya Sports Toto, Hap Seng and Kimlun.
Berjaya Coro was the most actively traded counter with 9.42 million shares done. The stock added three sen to RM1.08.
At 10am, the 30-stock FBM KLCI shed 0.89 point to 1,510.69, weighed by losses including at DiGi, Public Bank and BAT.
Gainers trailed losers by 169 to 183, while 178 counters traded unchanged. Volume was 122.63 million shares valued at RM103.23 million.
HwangDBS Vickers Research Sdn Bhd said the Malaysian bourse will probably kick off the last trading week of 2010 on a weaker note.
Its benchmark FBM KLCI may dip towards the first support level of 1,495 due to a dearth of buying catalysts, it said in a note Dec 27.
'Sentiment on the home front will also hinge on the overseas market performance today.
'In particular, investors will be watching out for the initial reaction to China's decision to raise interest rates over the weekend,' it said.
At the regional markets, Japan's Nikkei 225 was up 0.59% to 10.340.26, the Shanghai Composite Index added 0.27% to 2,842.90, Singapore's Straits Times Index gained 0.12% to 3,147.51 while South Korea's Kospi slipped 0.20% to 2,025.56 and Taiwan's Taiex lost 0.12% to 8,850.63.
Meanwhile, Hong Kong's Hang Seng Index was closed for a public holiday.
On Bursa Malaysia, the top loser at mid-morning was BAT that fell RM1 to RM44.80; HPI fell 11 sen to RM2, Delloyd was down nine sen to RM3.30, PPB, DiGi and Adventa fell six sen each to RM16.76, RM25 and RM2.42 respectively, Wah Seong Corp and Supermax fell five sen each to RM2.09 and RM4.13, while Public Bank lost four sen to RM12.80.
Gainers included TDM, EPIC, Amway, Kulim, Berjaya Sports Toto, Hap Seng and Kimlun.
Berjaya Coro was the most actively traded counter with 9.42 million shares done. The stock added three sen to RM1.08.
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