Thursday, December 30, 2010

Key Asian markets mixed, KLCI in the red

KUALA LUMPUR: Key Asian markets were mixed at midday on Thursday, Dec 30 on some profit taking activities while at Bursa Malaysia, investors' sentiment was dampened by news that IJM Land and MRCB had called off their merger plans.

At 12.30pm, the FBM KLCI fell 1.64 points to 1,522.70. Turnover was 600.36 million shares valued at RM759.13 million. Decliners led advancers 377 to 284 while 275 stocks were unchanged.

Light crude oil rose 16 cents to US$91.28 while crude palm oil futures for third-month delivery fell RM14 to RM3.719 per tonne.

Among the key Asian markets, Japan's Nikkei 225 fell 1.1% to 10,230.99, Hong Kong's Hang Seng Index fell 0.13% to 22,938.88 amd Shanghai's Composite Index shed 0.35% to 2,741.76.

However, Taiwan's Taiex rose 0.12% to 8,876.63, Kospi 0.22% higher at 2,047.95 and Singapore's Straits Times Index edged up 0.20% to 3,214.27.

At Bursa Malaysia, speculation about the IJM Land and MRCB merger falling through weighed on the market sentiment, sending their shares lower. Trading was suspended at 12pm.

IJM Land was down 38 sen to RM2.86 with 21.53 million shares done while IJM Land-WA fell 28 sen to Rm1.61 with 44.39 million units transacted.

IJM and its warrants, IJM-WC fell 27 sen each to RM6.23 and RM2.76.

MRCB shed six sen to RM1.99 with 4.86 million shares done.

Among the index-linked stocks, CIMB fell five sen to RM8.49. Axiarta two sen to RM4.72, PLUS three sen to RM4.55 while Maybank and Sime Darby shed one sen each to RM8.54 and RM8.80.

Maxbiz fell 3.5 sen to 20 sen in active trade with 39.42 million shares done before it was suspended pending an announcement after market close.

BAT was the top gainer, up 32 sen to RM45.80, Tong Herr 28 sen to RM2.62 while F&N added 18 sen to RM15.06. Gamuda rose four sen to RM3.84 and DiGui eight sen to RM25.18.


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