Thursday, December 16, 2010

FBM KLCI remains below 1,500 at close

KUALA LUMPUR: The FBM KLCI closed below the psychologically-crucial 1,500-level on Thursday, Dec 16, weighed down by key blue chips including CIMB, Genting, Axiata, Tenaga and Maybank as profit taking set in following the tepid investor sentiment at regional markets.

Glove makers fell, led by Top Glove after several research houses lowered their target price for stock on account of its disappointing first quarter results.

The FBM KLCI fell 0.77% or 11.58 points to 1,497.52 at the close, the most it had fallen since Dec 10. Losers led gainers by 473 to 256, while 296 counters traded unchanged. Volume was 1.28 billion shares valued at RM1.82 billion.

Hong Kong's Hang Seng slumped 1.33% to 22,668.78, the Shanghai Composite Index fell 0.46% to 2,898.14, the South Korean Kospi down 0.41% to 2,009.24 while Japan's Nikkei 225 and the Singapore Straits Times Index edged up 0.01% each to 10,311.29 and 3,147.67, and Taiwan's Taiex added 0.29% to 8,782.20.

At Bursa Malaysia, BAT was the top loser, down 98 sen to RM45, KLK 30 sen to RM21.06 and Bursa 24 sen to RM7.71.

Batu Kawan, Petronas Dagangan and Genting fell 20 sen each to RM16.80, RM11.80, RM10.56 respectively. CIMB declined 18 sen, Tenaga 12 sen to RM8.27, Axiata seven sen to RM4.61 and Maybank'' four sen to RM8.51.

Among glove makers, Top Glove fell 33 sen to RM5.12, Kossan lost 13 sen to RM3.23, Supermax down eight sen to RM4.33, Latexx fell five sen to RM2.54 and Careplus shed 1.5 sen to 38.5 sen.

Gainers today included MTD Capital that rose 51 sen to a record high of RM8.51; other gainers included Hap Seng, Far East Corp, Guan Chong, KFCH, Petronas Gas, Petra Energy and Kencana.

The actives included KNM shares and warrants, SAAG, KUB, Karambunai, Olympia, Compugates, Petronas Chemicals and Kencana.


No comments:

Post a Comment