KUALA LUMPUR: ''The FBM KLCI extended its losses on Tuesday, June 7 in line with the still tepid sentiment at key regional markets following the weaker overnight close at Wall Street.
At 10am, the FBM KLCI was down 1.83% to 1,550.31 in thin trade.
Gainers trailed losers by 147 to 176, while 211 counters traded unchanged. Volume was 94.03 million shares valued at RM113.04 million.
At the regional markets, Hong Kong's Hang Seng Index fell 0.87% to 22,749.76, South Korea's Kospi lost 0.96% to 2,093.16, Singapore's Straits Times Index fell 0.66% to 3,093.20, Taiwan's Taiex was down 0.50% to 9,001.06 and the Shanghai Composite Index shed 0.06% to 2,726.27.
Meanwhile, Japan's Nikkei 225 edged up 0.03%to 9,383.32.
BIMB Securities Research in a note June 7 said that with no apparent economic recovery in sight in the US, investors were becoming more risk averse.
The research house said it expects more selling ahead of the curtain call on QE2 by end-June.
'Although the situation is less severe domestically, we expect current consolidation to continue possibly over the next couple of weeks as we believe buying to re-emerge again this quarter.
'The immediate support for the FBM KLCI is at 1,545 with the resistance seen at 1,565,' it said.
The top loser at mid-morning was DiGi that fell 28 sen to RM28.62; Malayan Flour Mills fell 17 sen to RM7.93, Amway 15 sen to RM9.60, Parkson 10 sen to RM5.66, Hong leong Bank, Tasek, Inno and HLFG fell eight sen each to RM12.48, RM7.62, RM1.40 and RM11.92 respectively, while Cocoaland lost seven sen to RM2.05.
PLANTATION [] stocks were among the major gainers at mid-morning, with BLD Plantations up 35 sen to RM7.60, SOP up 20 sen to RM4.20, Glenealy 19 sen to RM5.62, NSOP 15 sen to RM5.70, Rimbunan Sawit 11 sen to RM2.53 and United Plantations 10 sen to RM18.80.
MBSB warrants were actively traded with 14 million units done. The warrants rose 21 sen to 71 sen.
Other actives included MBSB, Karambunai, KNM, Rebrau Teguh and HWGB.
At 10am, the FBM KLCI was down 1.83% to 1,550.31 in thin trade.
Gainers trailed losers by 147 to 176, while 211 counters traded unchanged. Volume was 94.03 million shares valued at RM113.04 million.
At the regional markets, Hong Kong's Hang Seng Index fell 0.87% to 22,749.76, South Korea's Kospi lost 0.96% to 2,093.16, Singapore's Straits Times Index fell 0.66% to 3,093.20, Taiwan's Taiex was down 0.50% to 9,001.06 and the Shanghai Composite Index shed 0.06% to 2,726.27.
Meanwhile, Japan's Nikkei 225 edged up 0.03%to 9,383.32.
BIMB Securities Research in a note June 7 said that with no apparent economic recovery in sight in the US, investors were becoming more risk averse.
The research house said it expects more selling ahead of the curtain call on QE2 by end-June.
'Although the situation is less severe domestically, we expect current consolidation to continue possibly over the next couple of weeks as we believe buying to re-emerge again this quarter.
'The immediate support for the FBM KLCI is at 1,545 with the resistance seen at 1,565,' it said.
The top loser at mid-morning was DiGi that fell 28 sen to RM28.62; Malayan Flour Mills fell 17 sen to RM7.93, Amway 15 sen to RM9.60, Parkson 10 sen to RM5.66, Hong leong Bank, Tasek, Inno and HLFG fell eight sen each to RM12.48, RM7.62, RM1.40 and RM11.92 respectively, while Cocoaland lost seven sen to RM2.05.
PLANTATION [] stocks were among the major gainers at mid-morning, with BLD Plantations up 35 sen to RM7.60, SOP up 20 sen to RM4.20, Glenealy 19 sen to RM5.62, NSOP 15 sen to RM5.70, Rimbunan Sawit 11 sen to RM2.53 and United Plantations 10 sen to RM18.80.
MBSB warrants were actively traded with 14 million units done. The warrants rose 21 sen to 71 sen.
Other actives included MBSB, Karambunai, KNM, Rebrau Teguh and HWGB.
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