Friday, December 10, 2010

Profit taking picks up pace, Tenaga weighs

KUALA LUMPUR: Profit taking picked up pace in the late afternoon on Friday, Dec 10, with selling seen in Tenaga, MISC, KLK and PPB.

At 3.43pm, the FBM KLCI was down 7.08 points to 1,514.21. Turnover was 1.09 billion shares valued at RM1.59 billion. Decliners beat advancers 415 to 304 while 287 stocks were unchanged.

Most key regional markets were in the red except for China.

BAT fell the most, down RM1.26 to RM46.04 with 85,500 shares done while Petronas Dagangan shed 28 sen to RM11.62 and Nestle 22 sen to RM43.30.

Tenaga fell 19 sen to RM8.60 as investors were disappointed over the absence of a tariff hike amid rising coal prices.

MISC fell 18 sen to RM8.27, KL Kepong and PPB 16 sen each to RM21.72 and RM17.22 while HL Bank shed 15 sen to RM9.21. Profit taking saw Sunrise giving up 18 sen to RM3.12.


No comments:

Post a Comment