KUALA LUMPUR: The FBM KLCI extended its losses on Wednesday, Feb 23 in line with the decline at regional markets still worried over the worsening turmoil in the Middle Eastern region, as risk-averse investors continued to stay on the sidelines.
The FBM KLCI pared down its losses to close 2.52 points lower at 1,511.11, weighed by losses at blue chips including Axiata, MISC, KLK and Sime Darby.
Market breadth improved with gainers leading losers by 433 to 385, while 275 counters traded unchanged. Volume was 1.7 billion shares valued at RM2.05 billion.
At the regional markets, Japan's Nikkei 225 fell 0.80% to 10,579.10, Hong Kong's Hang Seng Index shed 0.36% to 22,906.90, Taiwan's Taiex lost 1.67% to 8,528.94, South Korea's Kospi fell 0.42% to 1,961.63 and Singapore's Straits Times Index lost 0.57% to 3,001.85.
Meanwhile, the Shanghai Composite Index gained 0.25% to 2,862.63.
On Bursa Malaysia, Axiata fell nine sen to RM4.95 after it posted net loss'' of RM367.04 million in the fourth quarter ended Dec 31, 2010 compared with a net profit of RM558.28 million a year ago, mainly due to impairment recorded in the current quarter.
MISC lost 20 sen to RM7.90, KLK 40 sen to RM21.08, Sime Darby three sen to RM9.16, Maybank two sen to RM8.72, YTL 10 sen to RM7.40 and Hong Leong Bank 11 sen to RM9.29.
Other losers were IJM Corp that fell 28 sen to RM6.25, Hartalega 24 sen to RM5.51, GAB 16 sen to RM9.42, Jaya Tiasa 13 sen to RM4.90 and Cepco 11 sen to RM2.04.
Kulim was the top gainer today, ahead of its share split and one-for-one bonus going ex on Thursday. The stock added 62 sen to RM15.88.
BAT rose 38 sen to RM46.70, Nestle 30 sen to RM45.30, DiGi 20 sen to RM26.40, Scientex 16 sen to RM2.92, Lion Forest Industries and Public Bank 16 sen each to RM1.99 and RM13.42, and Tex Cycle 15 sen to 44 sen.
Tanco was the most active with 133.84 million shares done. The stock gained 15.5 sen to 42 sen. The company had reached an agreement with lender Lehman Brothers Commercial Corp Asia Ltd (in liquidation) for the settlement sum of RM144.63 million which would involve the payment of RM44 million cash as well as the transfer and vesting of certain PROPERTIES [] at an agreed value of RM100.63 million.
Other actives included Karambunai, HWGB, Olympia, Iris Corp and SAAG.
The FBM KLCI pared down its losses to close 2.52 points lower at 1,511.11, weighed by losses at blue chips including Axiata, MISC, KLK and Sime Darby.
Market breadth improved with gainers leading losers by 433 to 385, while 275 counters traded unchanged. Volume was 1.7 billion shares valued at RM2.05 billion.
At the regional markets, Japan's Nikkei 225 fell 0.80% to 10,579.10, Hong Kong's Hang Seng Index shed 0.36% to 22,906.90, Taiwan's Taiex lost 1.67% to 8,528.94, South Korea's Kospi fell 0.42% to 1,961.63 and Singapore's Straits Times Index lost 0.57% to 3,001.85.
Meanwhile, the Shanghai Composite Index gained 0.25% to 2,862.63.
On Bursa Malaysia, Axiata fell nine sen to RM4.95 after it posted net loss'' of RM367.04 million in the fourth quarter ended Dec 31, 2010 compared with a net profit of RM558.28 million a year ago, mainly due to impairment recorded in the current quarter.
MISC lost 20 sen to RM7.90, KLK 40 sen to RM21.08, Sime Darby three sen to RM9.16, Maybank two sen to RM8.72, YTL 10 sen to RM7.40 and Hong Leong Bank 11 sen to RM9.29.
Other losers were IJM Corp that fell 28 sen to RM6.25, Hartalega 24 sen to RM5.51, GAB 16 sen to RM9.42, Jaya Tiasa 13 sen to RM4.90 and Cepco 11 sen to RM2.04.
Kulim was the top gainer today, ahead of its share split and one-for-one bonus going ex on Thursday. The stock added 62 sen to RM15.88.
BAT rose 38 sen to RM46.70, Nestle 30 sen to RM45.30, DiGi 20 sen to RM26.40, Scientex 16 sen to RM2.92, Lion Forest Industries and Public Bank 16 sen each to RM1.99 and RM13.42, and Tex Cycle 15 sen to 44 sen.
Tanco was the most active with 133.84 million shares done. The stock gained 15.5 sen to 42 sen. The company had reached an agreement with lender Lehman Brothers Commercial Corp Asia Ltd (in liquidation) for the settlement sum of RM144.63 million which would involve the payment of RM44 million cash as well as the transfer and vesting of certain PROPERTIES [] at an agreed value of RM100.63 million.
Other actives included Karambunai, HWGB, Olympia, Iris Corp and SAAG.
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