KUALA LUMPUR: Stocks ended lower on the first trading day on Tuesday, May 3, weighed down by losses in MISC and Genting, reflecting the cautious regional markets as investors decided to keep out of riskier assets.
Investors opted to await further developments following the death of Osama bin Laden in an attack launched in Pakistan by US forces.
At Bursa, DiGi staged a turnaround in its share price from being the top loser at midday, falling to a low of RM28.60 and then rebounding. It rose 52 sen to close at RM29.60.
The FBM KLCI closed down 0.23% or 3.48 points at 1,531.47. Turnover was 1.01 billion shares valued at RM1.24 billion. There were 255 gainers, 519 gainers and 262 stocks unchanged.
US light crude oil fell 92 cents to US$112.60, crude palm oil prices added RM14 to RM3,270 while the ringgit weakened against the US dollar to 2.9700 at 5pm.
China bucked the regional markets, with the Shanghai Composite Index up 0.71% to 2,932.19. However, Hong Kong's Hang Seng Index fell 0.37% to 23,633.25, Taiwan's Taiex 0.69% to 8,946.08'' and South Korea's 1.27% lower at 2,200.73 while Singapore's Straits Times Index lost 0.83% to 3,153.57. Japan markets were closed.
At Bursa, MISC fell 30 sen, dragging the KLCI down by 1.68 points while Genting shed 18 sen to RM11.42, pushing the index down by another 1.57 points.
Petronas Dagangan lost 18 sen to RM15.30, Tan Chong 14 sen to RM4.54, KLK 12 sen to RM21, AMMB seven sen to RM6.32 and Gamuda five sen to RM3.69.
Cepco fell 30 sen to RM1.90 after posting losses while HPI extended its decline, down 21 sen to RM2.96.
Sumatec fell 12 sen to 13 sen and the warrants, down 7.5 sen to seven sen after it was classified a Practice Note 17 company.
SAAG was unchanged at 9.5 sen despite that its audited losses for FY ended Dec 31, 2010 were wider than the unaudited results.
SAAG said the audited net loss after tax and minority interest was RM35.703 million which was RM28.286 million higher than the unaudited net loss after tax and minority interest of RM9.417 million.
Meanwhile, AirAsia advanced 13 sen to RM3 in active trade. OSK Research after the drop in AirAsia's share price since the start of 2011, the announcement of its symbolic maiden dividend and the imposition of a fuel surcharge starting May and its encouraging 1Q traffic numbers should bring AirAsia back into the limelight of investors.
F&N was the top gainer, up 68 sen to RM18.38 while'' Nestle added 42 sen to RM48.40 and Shangri-la 22 sen to RM2.90.
EON Cap added16 sen to RM7.39 as investors hoped to receive the special dividend which EON Bank would declare to its EON Cap.'' It has proposed a dividend of RM311.94 million, translating into 44.9 sen per share.
Investors opted to await further developments following the death of Osama bin Laden in an attack launched in Pakistan by US forces.
At Bursa, DiGi staged a turnaround in its share price from being the top loser at midday, falling to a low of RM28.60 and then rebounding. It rose 52 sen to close at RM29.60.
The FBM KLCI closed down 0.23% or 3.48 points at 1,531.47. Turnover was 1.01 billion shares valued at RM1.24 billion. There were 255 gainers, 519 gainers and 262 stocks unchanged.
US light crude oil fell 92 cents to US$112.60, crude palm oil prices added RM14 to RM3,270 while the ringgit weakened against the US dollar to 2.9700 at 5pm.
China bucked the regional markets, with the Shanghai Composite Index up 0.71% to 2,932.19. However, Hong Kong's Hang Seng Index fell 0.37% to 23,633.25, Taiwan's Taiex 0.69% to 8,946.08'' and South Korea's 1.27% lower at 2,200.73 while Singapore's Straits Times Index lost 0.83% to 3,153.57. Japan markets were closed.
At Bursa, MISC fell 30 sen, dragging the KLCI down by 1.68 points while Genting shed 18 sen to RM11.42, pushing the index down by another 1.57 points.
Petronas Dagangan lost 18 sen to RM15.30, Tan Chong 14 sen to RM4.54, KLK 12 sen to RM21, AMMB seven sen to RM6.32 and Gamuda five sen to RM3.69.
Cepco fell 30 sen to RM1.90 after posting losses while HPI extended its decline, down 21 sen to RM2.96.
Sumatec fell 12 sen to 13 sen and the warrants, down 7.5 sen to seven sen after it was classified a Practice Note 17 company.
SAAG was unchanged at 9.5 sen despite that its audited losses for FY ended Dec 31, 2010 were wider than the unaudited results.
SAAG said the audited net loss after tax and minority interest was RM35.703 million which was RM28.286 million higher than the unaudited net loss after tax and minority interest of RM9.417 million.
Meanwhile, AirAsia advanced 13 sen to RM3 in active trade. OSK Research after the drop in AirAsia's share price since the start of 2011, the announcement of its symbolic maiden dividend and the imposition of a fuel surcharge starting May and its encouraging 1Q traffic numbers should bring AirAsia back into the limelight of investors.
F&N was the top gainer, up 68 sen to RM18.38 while'' Nestle added 42 sen to RM48.40 and Shangri-la 22 sen to RM2.90.
EON Cap added16 sen to RM7.39 as investors hoped to receive the special dividend which EON Bank would declare to its EON Cap.'' It has proposed a dividend of RM311.94 million, translating into 44.9 sen per share.
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