Tuesday, February 8, 2011

Gains limited as Asian markets fluctuate

KUALA LUMPUR: The FBM KLCI stayed in positive territory at the mid-day break on Tuesday, Feb as regional markets fluctuated, with Hong Kong's Hang Seng Index slipping into the red.

At 12.30pm, the FBM KLCI was up 0.34% or 5.24 points to 1,540.84, lifted by gains at select blue chips including telecommunication and PLANTATION [] counters.'' The index had earlier risen to its intra-morning high of 1,544.35, but gains were limited as the tepid sentiment at regional markets appeared to influence local investors.

Gainers edged losers by 377 to 365, while 279 counters traded unchanged. Volume was 1.76 billion shares valued at RM1.24 billion.

Hong Kong's Hang Seng Index fell 0.43% to 23,453.16, Taiwan's Taiex lost 0.22% to 9,124.87, Singapore's Straits Times Index slipped 0.20% to 3,185.68, South Korea's Kospi shed 0.18% to 2,077.91 while Japan's Nikkei 225 gained 0.49% to 10,643.84.

China's markets resume trade on Wednesday after the Chinese New Year break.

On Bursa Malaysia, among telecommunication counters, Axiata added 10 sen to RM5.04, Maxis rose six sen to RM5.39 while TM and DiGi added four sen each to RM3.76 and RM25.52.

IOI Corp, Petronas Chemicals and MISC gained four sen each to RM5.82, RM6.34 and RM8.30 respectively, while Sime Darby, Public Bank and Maybank rose two sen each to RM9.35, RM13.48 and RM8.82.

Other gainers included F&N, MTD Capital, LPI Capital, Tradewinds, Hong Leong Industries and Boustead.

Among the decliners, Panasonic and Kulim fell 12 sen each to RM18.12 and RM13.16, Yokohama lost 10 sen to 62 sen, Guan Chong, Hong Leong Bank and Atlan fell eight sen each to RM3.44, RM9.31 and RM3.28, while SapuraCrest fell seven sen to RM3.63.

Compugates was the most active with 99.8 million shares done. The counter gained half a sen to 7 sen.

Other actives included Karambunai, Iris, Olympia, MUI Industries and Mulpha.

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