Monday, May 30, 2011

FBM KLCI pares down losses at mid-day break

KUALA LUMPUR: The FBM KLCI pared down some of its losses at the mid-day break on Monday, May 30 in line with the slight recovery at most key regional markets.

At 12.30pm, the 30-stock index shed 0.03% or 0.49 point to 1,548.20. The index had earlier slipped to its intra-morning low of 1,543.82.

The ringgit strengthened 0.40% to 3.0193 versus the US dollar; crude palm oil rose RM13 per tonne to RM3,451; crude oil slipped five cents to US$100.54 while gold shed 50 cents an ounce to US$1,535.90.

At the regional markets, Hong Kong's Hang Seng Index added 0.51% to 23,236.57, the Shanghai Composite Index rose 0.47% to 2,722.78, Singapore's Straits Times Index gained 0.56% to 3,153.16 and Taiwan's Taiex was up 0.16% to 8,824.49.

Meanwhile, Japan's Nikkei 225 slipped 0.17% to 9,506.12 and South Korea's Kospi was down 0.27% to 2,094.48.

On Bursa Malaysia, DiGi was the top loser at mid-day and fell 26 sen to RM28.28; Perstima lost 20 sen to RM4.40, Carlsberg 15 sen to RM7.47, Esso 12 sen to RM5.45, Texchem 11 sen to 75 sen, PPB and KLK 10 sen each to RM17.50 and RM22, while Fiamma lost nine sen to 93 sen.

Malaya Flour Mills, which proposed a share split and a special dividend of 62 sen per share, was the top gainer and rose 77 sen to RM7.52.

Panasonic was up 20 sen to RM24, MMHE 19 sen to RM7.49, Hap Seng 18 sen to RM5.25, Rimbunan Sawit 17 sen to RM2.36, BAT and Genting 12 sen each to RM46.24 and RM11.34, while HLFG and Dutch Lady added 10 sen each to RM11.70 and RM18.74.

SAAG was the most actively traded counter with 36.6 million shares traded. The stock fell one sen to 7.5 sen.

Other actives included Jotech, MAS, Axiata, KNM, HWGB, Talam and Karambunai.

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