Thursday, December 23, 2010

FBM KLCI remains in the red at mid-day

KUALA LUMPUR: The FBM KLCI remained in the red at the mid-day break on Thursday, Dec 23 while Asian markets were mixed in thin trading amidst caution investor sentiment despite the fairly firmer overnight close at Wall Street.

The tepid mood at key regional markets was seen as a breather ahead of the Christmas weekend, as well the general reluctance to do much after having taken some profits recently when the markets rallied to a two-year high, according to Reuters.

On Bursa Malaysia, the FBM KLCI slipped 0.16% or 2.40 points to 1,512.65, weighed by losses including at DiGi, CIMB, Genting and Petronas Gas.

Gainers trailed losers by 292 to 344, while 282 counters traded unchanged. Volume was 688.3 million shares valued at RM783.63 million.

The ringgit strengthened 0.38% to 3.1305 versus the US dollar; crude palm oil for the third month delivery rose RM37 per tonne to RM3,657, crude oil added eight cents per barrel to US$90.56 while gold gained US$2.80 per troy ounce to US$1,388.15.

At the regional markets, the Shanghai Composite Index fell 0.54% to 2,862.44, South Korea's Kospi slipped 0.22% to 2,033.59, while Taiwan's Taiex added 0.57% to 8,911.36, Singapore's Straits Times Index rose 0.40% to 3,156.95 and Hong Kong's Hang Seng Index gained 0.19% to 23,088.01.

Japan's Nikkei 225 was closed to observe a national holiday for the Emperor's birthday.

On Bursa Malaysia, DiGi fell 70 sen to RM25.20, Nestle lost 50 sen to RM43.20, Dutch Lady fell 20 sen to RM17.60, Kulim down 18 sen to RM12.56, Batu Kawan and PetGas fell 14 sen each to RM16.28 and RM11.22, CIMB down six sen to RM8.54, Genting Malaysia lost five sen to RM3.29 while Genting was down four sen to RM10.76.

Among the gainers this morning were glove makers, as Adventa surged 57 sen to RM2.49, Hartalega up 37 sen to RM5.33, Latexx rose 26 sen to RM2.72, Supermax up 14 sen to RM4.31 while Kossan and Top Glove added 12 each to RM3.20 and RM5.10.

Meanwhile, actives included KNM, Olympia, Land & General and Berjaya Corporation.


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