Tuesday, January 25, 2011

No respite for Bursa Malaysia

KUALA LUMPUR: The FBM KLCI fell for a fifth consecutive day on Tuesday, Jan 25 as profit taking continued to chip away more of the gains from the rally in the beginning of the year, with select blue chips and index-linked PLANTATION []-related stocks among the major losers.

The 30-stock index fell 1.07% or 16.54 points to 1, 526.43 at the close, weighed by losses including at BAT, KLK, Genting and AMMB.

Losers beat gainers by 511 to 292, while 278 counters traded unchanged. Volume was 1.95 billion shares valued at RM2.44 billion.

Over the last five trading days, the index has lost a total of 48.06 points.

Key Asian markets were mixed, with Japan's Nikkei 225 up 1.15% to 10,464.42, Taiwan's Taiex up 0.49% to 8,991.39 and South Korea's Kospi added 0.22% to 2,086.67, while the Shanghai Composite Index fell 0.68% to 2,677.43, Singapore's Straits Times Index shed 0.14% to 3,181.15 and Hong Kong's Hang Seng Index slipped 0.05% to 23,788.83.

On Bursa Malaysia, BAT was the top loser and fell 76 sen to RM47.58; Genting lost 46 sen to RM10.48, S P Setia down 18 sen to RM6.26, AMMB down 17 sen to RM6.69 and AirAsia lost 16 sen to RM2.66.

Among plantation-related stocks, KL Kepong fell 48 sen to RM21.40, Batu Kawan lost 22 sen RM16.58, IOI Corp and Kulim eight sen each to RM5.77 and RM12.88 while Boustead fell five sen to RM5.51.

Gainers included LPI Capital, Latexx, Widetech, Tasek, SapuraCrest, Petronas Gas, Paramount and Mudajaya.

Karambunai was the most actively traded stock with 158.7 million shares done. The counter shed half a sen to 22 sen.

Other actives included Ho Wah Genting, SAAG, Olympia, Ramunia and Talam.


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