KUALA LUMPUR: The FBM KLCI managed to pare down some of its losses at the mid-day break on Monday, Jan 31 as key regional markets fell in the wake of the escalating civil unrest in Egypt and worries of more conflict in the Middle Eastern region.
The 30-stock FBM KLCI, which had fallen to an intra-morning low of 1,505.85, cut its losses following some buying by local funds.'' However, overall investor sentiment appeared to remain tepid given the holiday-shortened trading week.
The FBM KLCI clawed back from being more than 15 points to close 4.68 points lower at 1,517.21 at the mid-day break, weighed by losses at key blue chips including banking stocks.
Losers beat gainers by 442 to 181, while 215 counters traded unchanged. Volume was 592.24 million shares valued at RM821.59 million.
MTD Capital surged following fresh corporate development in the takeover of the company as investors expected a fresh and higher offer.
The ringgit weakened 0.18% to 3.0610 versus the US dollar; crude palm oil rose RM52 per tonne to RM3,752, crude oil added 48 cents per barrel to US$89.82 while gold slipped US$3.60 to US$1,333.15.
Japan's Nikkei hit a two month low at one point as anti-government rioting in Egypt prompted investors to shun riskier assets, with analysts adding that the blow to sentiment comes as a time when the benchmark appeared due for a correction, according to Reuters.
Japan's Nikkei 225 -1.03% 10,253.43 Hang Seng Index -1.19% 23,336.16 South Korea's Kospi -1.28% 2,080.95 Shanghai Composite Index +1% 2,780.15 J
''
On Bursa Malaysia, Nestle was the top loser this morning and fell RM1.06 to RM44.54; BAT lost 84 sen to RM47.18, Batu Kawan 20 sen to RM16.44, DFZ Capital 17 sen to RM3.45, Genting 16 sen to RM10.68, Paramount and Kulim 10 sen each to RM4.59 and RM13.02, while IOI Corp and Petronas Chemicals fell five sen each to RM5.69 and RM6.06.
Among banks, CIMB fell six sen to RM8.39, AMMB five sen to RM6.55 and Maybank four sen to RM8.67.
The top gainer was MTD Capital that resumed trade at 10am after the latest corporate development in the takeover of the group. The stock added 61 sen to RM10.16 as investors expected a higher takeover price.
The former shareholders of MTD Capital who had accepted the takeover offer from Nikvest Sdn Bhd and three other joint offerors were given the option to withdraw their acceptances following the latest corporate development.
Among other gainers, United PLANTATION []s rose 16 sen to RM16.68, CBIP 13 sen to RM4.16, Tahps and Far East 10 sen each to RM4.90 and RM7.50, while NCB and Malaysia Smelting Corp added eight sen each to RM3.83 and RM4.59.
Century Software which made its Main Market debut this morning was among the actively traded counters with 16.15 million shares done. The stock rose four sen to 97 sen. Other actives included Ho Wah Genting, Karambunai, SAAG, Hexagon and Ramunia.
The 30-stock FBM KLCI, which had fallen to an intra-morning low of 1,505.85, cut its losses following some buying by local funds.'' However, overall investor sentiment appeared to remain tepid given the holiday-shortened trading week.
The FBM KLCI clawed back from being more than 15 points to close 4.68 points lower at 1,517.21 at the mid-day break, weighed by losses at key blue chips including banking stocks.
Losers beat gainers by 442 to 181, while 215 counters traded unchanged. Volume was 592.24 million shares valued at RM821.59 million.
MTD Capital surged following fresh corporate development in the takeover of the company as investors expected a fresh and higher offer.
The ringgit weakened 0.18% to 3.0610 versus the US dollar; crude palm oil rose RM52 per tonne to RM3,752, crude oil added 48 cents per barrel to US$89.82 while gold slipped US$3.60 to US$1,333.15.
Japan's Nikkei hit a two month low at one point as anti-government rioting in Egypt prompted investors to shun riskier assets, with analysts adding that the blow to sentiment comes as a time when the benchmark appeared due for a correction, according to Reuters.
Japan's Nikkei 225 -1.03% 10,253.43 Hang Seng Index -1.19% 23,336.16 South Korea's Kospi -1.28% 2,080.95 Shanghai Composite Index +1% 2,780.15 J
''
On Bursa Malaysia, Nestle was the top loser this morning and fell RM1.06 to RM44.54; BAT lost 84 sen to RM47.18, Batu Kawan 20 sen to RM16.44, DFZ Capital 17 sen to RM3.45, Genting 16 sen to RM10.68, Paramount and Kulim 10 sen each to RM4.59 and RM13.02, while IOI Corp and Petronas Chemicals fell five sen each to RM5.69 and RM6.06.
Among banks, CIMB fell six sen to RM8.39, AMMB five sen to RM6.55 and Maybank four sen to RM8.67.
The top gainer was MTD Capital that resumed trade at 10am after the latest corporate development in the takeover of the group. The stock added 61 sen to RM10.16 as investors expected a higher takeover price.
The former shareholders of MTD Capital who had accepted the takeover offer from Nikvest Sdn Bhd and three other joint offerors were given the option to withdraw their acceptances following the latest corporate development.
Among other gainers, United PLANTATION []s rose 16 sen to RM16.68, CBIP 13 sen to RM4.16, Tahps and Far East 10 sen each to RM4.90 and RM7.50, while NCB and Malaysia Smelting Corp added eight sen each to RM3.83 and RM4.59.
Century Software which made its Main Market debut this morning was among the actively traded counters with 16.15 million shares done. The stock rose four sen to 97 sen. Other actives included Ho Wah Genting, Karambunai, SAAG, Hexagon and Ramunia.
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