KUALA LUMPUR: The FBM KLCI was in the red at mid-morning on Friday, June 24 while RHB Capital extended its losses after Maybank and CIMB on Thursday had confirmed that they had ended all merger talks with the bank.
Regional markets, meanwhile, advanced on news that Greece had agreed to a five-year austerity plan, although gains were limited.
The FBM KLCI slipped 0.83 point to 1,562.36 at mid-morning, weighed by losses including at Hong Leong Bank, RHB Capital, HLFG and KLK.
Losers led gainers by 198 to 155, while 202 counters traded unchanged. Volume was 218.70 million shares valued at RM220.32 million.
At the regional markets, Japan's Nikkei 225 rose 0.28% to 9,624.09, Hong Kong's Hang Seng Index rose 0.60% to 21,890.44, the Shanghai Composite Index edged up 0.04% to 2,689.21, South Korea's Kospi gained 0.71% to 2,070.40 and Singapore's Straits Times Index added 0.07% to 3,046.85.
BIMB Securities Research in a note June 24 said wild swings in the Dow Jones overnight depicted the heightening volatility in Wall Street.
Initial bearish sentiments over the increased in US jobless claims were later buoyed by the agreement reached between Greece and the European Union and IMF over the country's austerity measures, it said.
Meanwhile news of the IEA to release oil stocks into the market had put commodities trading in a tailspin, it said.
'Today, we may see more unloading of RHB Cap following the pullout of Maybank and CIMB from the prospective merger negotiation.
'However, we doubt that the deal is dead as the suitors may revisit the deal in the near future. As for the FBM KLCI, we expect there to be some accumulation of stocks to push the index on a firmer footing,' it said.
On Bursa Malaysia, Hong Leong Bank led the decliners and was down 30 sen to RM12.60; RHB Capital fell 22 sen to RM8.81, HLFG 14 sen to RM13.18, Tasek and Far East down 10 sen each to RM7.80 and RM7.35, KLK eight sen to RM21.90, Aeon Credit seven to RM4.83 while LPI Capital and KPJ lost six sen each to RM13.72 and RM4.49.
Among the gainers, Ibraco added 22 sen to RM1.20, Tradewinds 12 sen to RM10.54, Top Glove nine sen to RM5.31, BIMB and BHIC eight sen each to RM1.93 and RM4.08, MAS seven sen to RM1.52, AirAsia and Jaya Tiasa six sen each to RM3.22 and RM7.16, while Maybank gained five sen to RM8.87.
Ingenuity Solutions was the most actively traded counter with 29.9 million shares done. The stock added half a sen to 8 sen.
Other actives included HWGB, Kurnia Asia, RHB Capital, Perisai and Asia Media.
Regional markets, meanwhile, advanced on news that Greece had agreed to a five-year austerity plan, although gains were limited.
The FBM KLCI slipped 0.83 point to 1,562.36 at mid-morning, weighed by losses including at Hong Leong Bank, RHB Capital, HLFG and KLK.
Losers led gainers by 198 to 155, while 202 counters traded unchanged. Volume was 218.70 million shares valued at RM220.32 million.
At the regional markets, Japan's Nikkei 225 rose 0.28% to 9,624.09, Hong Kong's Hang Seng Index rose 0.60% to 21,890.44, the Shanghai Composite Index edged up 0.04% to 2,689.21, South Korea's Kospi gained 0.71% to 2,070.40 and Singapore's Straits Times Index added 0.07% to 3,046.85.
BIMB Securities Research in a note June 24 said wild swings in the Dow Jones overnight depicted the heightening volatility in Wall Street.
Initial bearish sentiments over the increased in US jobless claims were later buoyed by the agreement reached between Greece and the European Union and IMF over the country's austerity measures, it said.
Meanwhile news of the IEA to release oil stocks into the market had put commodities trading in a tailspin, it said.
'Today, we may see more unloading of RHB Cap following the pullout of Maybank and CIMB from the prospective merger negotiation.
'However, we doubt that the deal is dead as the suitors may revisit the deal in the near future. As for the FBM KLCI, we expect there to be some accumulation of stocks to push the index on a firmer footing,' it said.
On Bursa Malaysia, Hong Leong Bank led the decliners and was down 30 sen to RM12.60; RHB Capital fell 22 sen to RM8.81, HLFG 14 sen to RM13.18, Tasek and Far East down 10 sen each to RM7.80 and RM7.35, KLK eight sen to RM21.90, Aeon Credit seven to RM4.83 while LPI Capital and KPJ lost six sen each to RM13.72 and RM4.49.
Among the gainers, Ibraco added 22 sen to RM1.20, Tradewinds 12 sen to RM10.54, Top Glove nine sen to RM5.31, BIMB and BHIC eight sen each to RM1.93 and RM4.08, MAS seven sen to RM1.52, AirAsia and Jaya Tiasa six sen each to RM3.22 and RM7.16, while Maybank gained five sen to RM8.87.
Ingenuity Solutions was the most actively traded counter with 29.9 million shares done. The stock added half a sen to 8 sen.
Other actives included HWGB, Kurnia Asia, RHB Capital, Perisai and Asia Media.
No comments:
Post a Comment