Thursday, May 19, 2011

Limited gains on FBM KLCI at mid-day

KUALA LUMPUR: The FBM KLCI rose at the mid-day break on Thursday, May 19 but gains were limited as Asian markets remained cautious after Japan reported a contraction in its first quarter gross domestic product growth.

At 12.30pm, the FBM KLCI was up 0.22% or 3.42 points at 1,544.69. The index had earlier risen to its intra-morning high of 1,550.62.

Market breadth turned negative with 333 losers and 279 gainers, while 302 counters traded unchanged. Volume was 434.92 million shares valued at RM544.52 million.

The ringgit strengthened 0.29% to 3.0230 versus the US dollar; crude palm oil futures for the third month delivery rose RM26 per tonne to RM3,323, crude oil rose 31 cents per barrel to US$100.41 while gold added 60 cents an ounce to US$1,497.75.

At the regional markets, Japan's Nikkei 225 shed 0.31% to 9,636.16, South Korea's Kospi fell 0.73% to 2,120.29, the Shanghai Composite Index edged down 0.08% to 2,870.52 while Taiwan's Taiex was 0.07% lower at 8,938.68.

Meanwhile, Singapore's Straits Times Index rose 0.98% to 3,171.90 and Hong Kong's Hang Seng Index added 0.77% to 23,189.15.

On Bursa Malaysia, KLK was the top gainer this morning and was up 44 sen to RM21.94; Dutch Lady added 34 sen to RM17.90, Far East 30 sen to RM7.50, Metrod 22 sen to RM3.82, Tradewinds 20 sen to RM10, RHB Capital 15 sen to RM9.10 and Allianz 14 sen to RM5.24.

Timber-related stocks also advanced this morning, with Jaya Tiasa up 16 sen to RM6.49, Ta Ann 14 sen to RM6.49, Subur Tiasa five sen to RM2.85 while WTK and Lingui rose three sen each to RM1.92 and RM1.90.

Ingenuity Solutions was the most actively traded counter with 20.1 million shares done. The stock fell half as sen to 20.5 sen.

Other actives included PJI, DBE Gurney, Ideal Jacobs, Asia Media, Gula Perak, Focus and Benalec.

Among the decliners, Cypark and PPB fell 12 sen each to RM2.45 and RM17.38, Fiamma nine sen to 90 sen, BAT eight sen to RM46.42, Proton and Harrisons seven sen each to RM3.40 and RM3.87m while P.I.E., Esso and Hong Leong Bank fell six sen each to RM4.25, RM4.90 and RM12.08.

No comments:

Post a Comment