Friday, April 29, 2011

FBM KLCI pares down losses at close

KUALA LUMPUR: The FBM KLCI pared down its losses on Friday, April 29 ahead of the extended weekend, as investors went bargain hunting for select blue chips.

The 30-stock index closed just 0.02% or 0.35 point lower at 1,534.95. The index had earlier fallen to its intra-day low of 1,529.63.

Losers edged gainers by 394 to 337, while 331 counters traded unchanged. Volume was 852.37 million shares valued at RM1.26 billion.

At the regional markets, Hong Kong's Hang Seng Index and Taiwan's Taiex fell 0.36% each to 23,720.81 and 9.007.87, South Korea's Kospi lost 0.72% to 2,192.36 and Singapore's Straits Times Index fell 0.16% to 3,179.86.

The Shanghai Composite Index added 0.85% to 2,911.51, while Japan stock markets were closed for a national ahead.

On Bursa Malaysia, the top loser was Nestle that fell 22 sen to RM47.98; Shell lost 20 sen to RM10.90, Ta Ann and Pharmaniaga rose 15 sen each to RM6.50 and RM5.60, Kobay 13 sen to 75 sen, while Panasonic, Metal Reclamation and Genting fell 12 sen each to RM22.70, 83 sen and RM11.60 respectively.

Among the gainers, HLFG added 36 sen to RM10.26, Fima Corp 32 sen to RM6.38, MISC 30 sen to RM7.80, Glenealy 22 sen to RM5, United PLANTATION []s 20 sen to RM18, Sunway City 19 sen to RM4.84 and Focus Lumber 12 sen to RM1.30.

ConnectCounty was the most actively traded counter with 26 million shares done. The stock added one sen to 10 sen.

Other actives included Focus Lumber, HWGB, Iris Corp, Hubline, AirAsia and Axiata.

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