KUALA LUMPUR: The broader market weakened in the morning session on Thursday, Feb 24 as selling picked up while among blue chips, banks and PLANTATION []s slipped while crude palm oil (CPO) futures fell.
Regional markets fluctuated with investors lapping up stocks battered over the last three trading days.
However, the FBM KLCI managed to pare down its losses to just 0.07% or 1.12 points lower to 1,509.99, weighed by losses including at index-linked banking and plantation stocks. The index had earlier dipped to its intra-morning low of 1,506.38.
Gainers trailing losers 150 to 573, while 221 counters traded unchanged. Volume was 912.82 million shares valued at RM906.37 million.
The ringgit weakened 0.21% to 3.0525 versus the US dollar; crude palm oil futures for the third month delivery fell RM90 per tonne to RM3,424, crude oil rose 78 cents per barrel to US$98.88 while gold fell US$1.13 per troy ounce to US$1,410.57.
At the regional markets, Hong Kong's Hang Seng Index added 0.11% to 22,931.80, the Shanghai Composite Index was up 0.28% to 2,870.67, Taiwan's Taiex rose 0.56% to 8,577.06 and Singapore's Straits Times Index edged up 0.06% to 3,003.62.
Japan's Nikkei 225 fell 0.61% to 10,514.33 and South Korea's Kospi shed 0.20% to 1,957.75.
At Bursa, among the major losers, Public Bank fell 18 sen to RM13.06, RHB Capital five sen to RM8.05 and CIMB three sen to RM8.16.
Plantation-related stocks also fell on weaker CPO prices, with Batu Kawan down 18 sen to RM15.80, Boustead 14 sen to RM5.31, KLK 10 sen to RM20.98 and Sime Darby two sen to RM9.14.
Kulim fell 19 sen to RM3.78 after its share split and bonus issue went ex on Wedesday.
KNM lost 23 sen to RM2.60 after it reported lower earnings of RM131.21 million in FY ended Dec 31, 2010 compared with RM260.55 million in FY09.
Other losers included IJM that fell 24 sen to RM6.01, Gamuda five sen to RM3.70 while airlines AirAsia and MAS fell three sen each to RM2.45 and RM1.97 due to the rising crude oil prices.
Among gainers, BAT and DiGi rose 70 sen each to RM47.40 and RM26.66, F&N up 28 sen to RM15.68, Hartalega 19 sen to RM5.70, Cycle & Carriage 15 sen to RM4.90 while Hong Leong Industries, MMHE and Hong Leong Bank added 13 sen each to RM5.78, RM6.49 and RM9.42 respectively.
The actives included Tanco, Tejari, Kumpulan Europlus,Transmile, HWGB, Mulpha and KNM.
Regional markets fluctuated with investors lapping up stocks battered over the last three trading days.
However, the FBM KLCI managed to pare down its losses to just 0.07% or 1.12 points lower to 1,509.99, weighed by losses including at index-linked banking and plantation stocks. The index had earlier dipped to its intra-morning low of 1,506.38.
Gainers trailing losers 150 to 573, while 221 counters traded unchanged. Volume was 912.82 million shares valued at RM906.37 million.
The ringgit weakened 0.21% to 3.0525 versus the US dollar; crude palm oil futures for the third month delivery fell RM90 per tonne to RM3,424, crude oil rose 78 cents per barrel to US$98.88 while gold fell US$1.13 per troy ounce to US$1,410.57.
At the regional markets, Hong Kong's Hang Seng Index added 0.11% to 22,931.80, the Shanghai Composite Index was up 0.28% to 2,870.67, Taiwan's Taiex rose 0.56% to 8,577.06 and Singapore's Straits Times Index edged up 0.06% to 3,003.62.
Japan's Nikkei 225 fell 0.61% to 10,514.33 and South Korea's Kospi shed 0.20% to 1,957.75.
At Bursa, among the major losers, Public Bank fell 18 sen to RM13.06, RHB Capital five sen to RM8.05 and CIMB three sen to RM8.16.
Plantation-related stocks also fell on weaker CPO prices, with Batu Kawan down 18 sen to RM15.80, Boustead 14 sen to RM5.31, KLK 10 sen to RM20.98 and Sime Darby two sen to RM9.14.
Kulim fell 19 sen to RM3.78 after its share split and bonus issue went ex on Wedesday.
KNM lost 23 sen to RM2.60 after it reported lower earnings of RM131.21 million in FY ended Dec 31, 2010 compared with RM260.55 million in FY09.
Other losers included IJM that fell 24 sen to RM6.01, Gamuda five sen to RM3.70 while airlines AirAsia and MAS fell three sen each to RM2.45 and RM1.97 due to the rising crude oil prices.
Among gainers, BAT and DiGi rose 70 sen each to RM47.40 and RM26.66, F&N up 28 sen to RM15.68, Hartalega 19 sen to RM5.70, Cycle & Carriage 15 sen to RM4.90 while Hong Leong Industries, MMHE and Hong Leong Bank added 13 sen each to RM5.78, RM6.49 and RM9.42 respectively.
The actives included Tanco, Tejari, Kumpulan Europlus,Transmile, HWGB, Mulpha and KNM.
No comments:
Post a Comment