Wednesday, April 6, 2011

FBM KLCI pares down losses at close

KUALA LUMPUR: The FBM KLCI closed lower for the second consecutive day on Wednesday, April 6 but managed to pare down its losses in line with the overall higher close at most key regional markets.

Financial majors led stock gains in Hong Kong and China on Wednesday morning, with investors largely shrugging off Beijing's fourth interest rate increase since October on Tuesday, according to Reuters.

The FBM KLCI shed 0.18 point to 1,552.89 at 5pm.

Gainers led losers by 490 to 310, while 325 counters traded unchanged. Volume was 1.57 billion shares valued at RM2.07 billion.

At the regional markets, ''the Shanghai Composite Index rose 1.14% to 3,001.36, Taiwan's Taiex Index jumped 1.69% to 8,851.98, Singapore's Straits Timex Index was up 0.75% to 3,170.33 and Hong Kong's Hang Seng Index added 0.56% to 24,285.05.

Meanwhile, Japan's Nikkei 225 fell 0.32% to 9,584.37 and South Korea's Kospi shed 0.17% to 2,126.71.

Among the major losers, CIMB fell six sen to RM8.28, Tenaga and Gamuda three sen each to RM6.18 and RM3.87, YTL Corp seven sen to RM7.60, AMMB and MISC two sen each to RM6.51 and RM7.83 while BAT fell four sen to RM47.96.

Other decliners included IOI Corp that fell 17 sen to RM5.55, HELP 11 sen to RM2.60, Petronas Dagangan and Tradewinds down 10 sen each to RM16.40 and RM7.99, HPI nine sen to RM3.51 while Quality and Chin Teck fell eight sen each to RM1.26 and RM8.62.

MAA, which was the top gainer, was also the most actively traded counter today with 73.8 million shares done. The stock jumped 22 sen to RM1.20.

Other actives included ManagePay Systems, Perisai, Benalec, DBE Gurney, Kurnia Asia and Fitters.

Gainers included Carlsberg, Genting, Hong Leong Bank, MMHE, Pintaras and MPHB.

No comments:

Post a Comment