Thursday, May 19, 2011

Profit taking limits gains on FBM KLCI

KUALA LUMPUR: The FBM KLCI closed higher on Thursday, May 19 but the advance was limited as some mild profit taking chipped off gains from earlier in the day.

The lower gains at the FBM KLCI were in line with the decline at most key regional markets.

The FBM KLCI rose 0.18% or 2.75 points to close at 1,544.02, off its intra-day high of 1,550.62.

Gainers and losers were tied at 371 each, while 318 counters traded unchanged. Volume was 890.85 million shares valued at RM1.49 billion.

Among the gainers on Bursa Malaysia, Tradewinds rose 48 sen to RM10.28, Pharmaniaga added 45 sen to RM6, Far East and KLK were up 30 sen each to RM7.50 and RM21.80, Dutch Lady and Tradewinds PLANTATION []s added 28 sen each to RM17.84 and RM3.82, Ta Ann 25 sen to RM6.60, Metrod 22 sen to RM3.82, Nestle 18 sen to RM47.96 and Jaya Tiasa 17 sen to RM6.50.

Ingenuity Solutions was the most actively traded counter with 33.51 million shares done. The stock fell 1.5 sen to 19.5 sen.

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

Among the decliners, Petronas Dagangan fell 40 sen to RM15.40, PPB 20 sen to RM17.30, Lafarge Malayan Cement 19 sen to RM7.31, BAT 14 sen to RM46.36, Harrisons and Ho Hup 12 sen each to RM3.82 and 71.5 sen, Hong Leong Bank 10 sen to RM12.04 while Fiamma, Ajiya and Iretex fell nine sen each to 90 sen, RM1.79 and RM1.04 respectively.

At the regional markets, Japan's Nikkei 225 fell 0.43% to 9,620.82, the Shanghai Composite Index was down 0.46% to 2,859.57, Taiwan's Taiex shed 0.58% to 8,892.88 and South Korea's Kospi lost 1.89% to 2,095.51.

Meanwhile, Singapore's Straits Times rose 1% to 3,172.56 and Hong Kong's Hang Seng Index added 0.66% to 23,163.38.


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