Friday, April 29, 2011

Holiday mood dampens FBM KLCI

KUALA LUMPUR: The FBM KLCI remained in negative territory at the mid-day break on Friday, April 29 as investors mainly stayed on the sidelines ahead of the extended weekend at most regional markets.

The FBM KLCI fell 0.14% or 2.11 points to 1,533.19 at the mid-day break, weighed by losses including at Sime Darby, IOI Corp, YTL Corp, CIMB and Tenaga.

Losers led gainers by 373 to 231, while 315 counters traded unchanged. Volume was 422.30 million shares valued at RM513.16 million.

The ringgit weakened 0.19% to 2.9715 versus the US dollar; crude palm oil for the third month delivery fell RM40 per tonne to RM3,253, crude oil lost 38 per barrel to US$112.48, while gold fell US$2.47 an ounce to US$1,533.72.

At the regional markets, South Korea's Kospi fell 1.01% to 2,185.97, Taiwan's Taiex lost 0.73% to 8,974.59, Hong Kong's Hang Seng Index slipped 0.52% to 23,682.80 and Singapore's Straits Times Index shed 0.25% to 3,177.13.

The Shanghai Composite Index reversed its earlier losses and rose 0.11% to 2,890.29.

Japan stock markets were closed for a national ahead.

Among the major losers this morning, Metal Reclamation fell 25 sen to 70 sen, Shell and Nestle lost 20 sen each to RM10.90 and RM48, Kobay 13 sen to 75 sen, Hong Leong Industries and SapuraCrest 11 sen each to RM3.79 and RM3.65, Petronas Dagangan 10 sen to RM15.50 and Genting PLANTATION []s eight sen to RM7.92.

Sime Darby fell seven sen to RM9.01, IOI Corp six sen to RM5.33, Tenaga five sen to RM6, YTL Corp four sen to RM1.66 while CIMB fell three sen to RM8.18.

Focus Lumber continued its impressive run since it was listed on April 28 and was the most actively traded counter. The stock added 21 sen to RM1.39 with 20.44 million shares done.

Other actives included ConnectCounty, Iris Corp, HWGB, Karambunai and AirAsia.

Gainers included HLFG, F&N, United Plantationsm KLK, Kimlun, Sunway City and Tradewinds.

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