Monday, May 16, 2011

FBM KLCI pares down gains

KUALA LUMPUR: The FBM KLCI pared down its gains at the mid-day break on Monday, May 16 in line with the generally tepid sentiment at key regional, markets as well as a holiday-shortened trading week in Malaysia due to Wesak Day on Tuesday.

At 12.30pm, the FBM KLCI was up 0.03 point to 1,540.77, down from its intra-morning high of 1,545.34. Volume was 458.20 million shares valued at RM578.25 million. Market breadth was negative with 415 losers, 228 gainers and 282 counters unchanged.

The ringgit fell 1.23% to 3.0394 per US dollar; crude palm oil for the third month delivery rose RM9 per tonne to RM3,258, crude oil shed 88 cents per barrel to US$98.77 while gold lost US$3.07 an ounce to US$1,491.95.

Nikkei 225 -1.18% 9,601.78 Kospi -0.84% 2,104.87 Hang Seng Index -0.44% 22,972.79 Taiex -0.37% 9,000.54 Shanghai Composite Index +0.06% 2,845.71 Singapore's Straits Times Index +0.27% 3,138.77 ''

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On Bursa Malaysia, Tradewinds was the top gainer this morning and rose 59 sen to RM9.40; Dutch Lady rose 30 sen to RM17.58, Media Prkma 21 sen to RM2.88, F&N 18 sen to RM19.10, Tradewinds PLANTATION []s 16 sen to RM3.42, Tasek 15 sen to RM8.95, Batu Kawan and KLK 12 sen each to RM16.32 and RM21.14, S P Setia 11 sen to RM4.19 and C.I. Holdings 10 sen to RM2.86.

Latexx was the top loser and fell 26 sen to RM2.40 after the RM852.03 million buyout plan by Navis Asia VI Management Company Ltd (Navis) being aborted after the exclusivity period granted to Navis expired on May 15.

Tahps fell 22 sen to RM4.98, United Plantations and Genting fell 20 sen each to RM17.60 and RM11.20, Hap Seng 13 sen to RM5.32, Hong Leong Bank and HLFG 13 sen each to RM12.32 and RM11.58, while Lafarge Malayan Cement and Cypark fell 11 sen each to RM7.19 and RM2.59.

Ingenuity Solutions was the most actively traded counter with 18.3 million shares done. The stock fell one sen to 21.5 sen.

Other actives included CME, Digistar, MLab, ConnectCounty, ECM Libra, PJI, Axiata and Malton.

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