KUALA LUMPUR: The FBM KLCI closed slightly lower on Friday, Jan 14 as some profit taking emerged in line with relatively muted regional markets, as well as the weaker opening at European markets.
The Nikkei's decline ran counter to early expectations for a rise as brisk earnings from Intel Corp lifted hopes for TECHNOLOGY [] spending, but market participants also said the benchmark was ripe for profit-taking ahead of a three-day weekend in the United States, according to Reuters.
On Bursa Malaysia, the FBM KLCI slipped 0.11% or 1.67 points to 1,569.89, weighed by losses at key blue chips including Genting, Gamuda, CIMB and MMC Corp.
Losers led gainers by 552 to 317, while 275 counters were traded unchanged. Volume was 2.14 billion shares valued at RM2.54 billion.
At the regional markets, the Shanghai Composite Index slumped 1.29% to 2,791.34, Japan's Nikkei 225 0.86% to 10,499.04, Singapore's Straits Times Index 0.30%to 3,245.96 and Taiwan's Taiex 0.03% to 8,972.51. However, Hong Kong's Hang Seng Index rose 0.18% to 24,283.23 and South Korea's Kospi gained 0.89% to 2,108.17.
On Bursa Malaysia, property outfits with exposure in Iskandar Malaysia were among the major losers as inmvestors locked in gains. SP Setia fell 23 sen to RM6.70, UEM Land 14 sen to RM3.11 and Tebrau Teguh 4.5 sen to 90 sen.
Gamuda and MMC Corp fell 13 sen each to RM4 and RM2.94, Genting lost 10 sen to RM11.88, CIMB and Public Bank lost four sen each to RM8.73 and RM13.44, United PLANTATION [] fell 22 sen to RM16.58, BAT 16 sen to RM48.32, KPJ 14 sen to RM3.74 while JT International fell 12 sen to RM6.48.
Gainers included Nestle, PPB, YTL Land, KLK, Tradewinds, IJM and Mah Sing.
SAAG was the most actively traded counter with 62 million shares done. The stock fell one sen to 12.5 sen. Other actives included MUI Industries, Tebrau Teguh, Nam Fatt, IRCB, Ho Wah Genting, JAKS and Ramunia.
The Nikkei's decline ran counter to early expectations for a rise as brisk earnings from Intel Corp lifted hopes for TECHNOLOGY [] spending, but market participants also said the benchmark was ripe for profit-taking ahead of a three-day weekend in the United States, according to Reuters.
On Bursa Malaysia, the FBM KLCI slipped 0.11% or 1.67 points to 1,569.89, weighed by losses at key blue chips including Genting, Gamuda, CIMB and MMC Corp.
Losers led gainers by 552 to 317, while 275 counters were traded unchanged. Volume was 2.14 billion shares valued at RM2.54 billion.
At the regional markets, the Shanghai Composite Index slumped 1.29% to 2,791.34, Japan's Nikkei 225 0.86% to 10,499.04, Singapore's Straits Times Index 0.30%to 3,245.96 and Taiwan's Taiex 0.03% to 8,972.51. However, Hong Kong's Hang Seng Index rose 0.18% to 24,283.23 and South Korea's Kospi gained 0.89% to 2,108.17.
On Bursa Malaysia, property outfits with exposure in Iskandar Malaysia were among the major losers as inmvestors locked in gains. SP Setia fell 23 sen to RM6.70, UEM Land 14 sen to RM3.11 and Tebrau Teguh 4.5 sen to 90 sen.
Gamuda and MMC Corp fell 13 sen each to RM4 and RM2.94, Genting lost 10 sen to RM11.88, CIMB and Public Bank lost four sen each to RM8.73 and RM13.44, United PLANTATION [] fell 22 sen to RM16.58, BAT 16 sen to RM48.32, KPJ 14 sen to RM3.74 while JT International fell 12 sen to RM6.48.
Gainers included Nestle, PPB, YTL Land, KLK, Tradewinds, IJM and Mah Sing.
SAAG was the most actively traded counter with 62 million shares done. The stock fell one sen to 12.5 sen. Other actives included MUI Industries, Tebrau Teguh, Nam Fatt, IRCB, Ho Wah Genting, JAKS and Ramunia.
No comments:
Post a Comment