Friday, June 3, 2011

FBM KLCI pares down gains at mid-day break

KUALA LUMPUR: The FBM KLCI pared down its gains at the mid-day break on Friday, June 3 in line with the cautious sentiment at most key regional markets.

The 30-stock index edged up 0.01% or 0.20 point to 1,558.24 at 12.30pm, lifted by gains at index-linked PLANTATION [] stocks. ''The index had earlier risen to its intra-morning high of 1,562.04.

Gainers trailed losers by 258 to 286, while 306 counters traded unchanged. Volume was 277.78 million shares valued at RM409.31 million.

The ringgit strengthened 0.18% to 3.0155 versus the US dollar; crude palm oil for the third month delivery rose RM40 per tonne to RM3,432, oil slipped three cents per barrel to US$100.37 while gold fell US$2.47 an ounce to US$1,531.10.

At the regional markets, Japan's Nikkei 225 fell 0.46% to 9,511.29, Hong Kong's Hang Seng Index lost 0.28% to 23,187.65 and Singapore's Straits Times Index fell 0.38% to 3,148.48.

Meanwhile, the Shanghai Composite Index rose 0.89% to 2,729.38, Taiwan's Taiex added 0.53% to 9,038.81 and South Korea's Kospi gained 0.21% to 2,118.65.

Tradewinds led the gainers and was up 74 sen to RM9.54; BLD Plantations added 44 sen to RM6.38, Malayan Flour Mills 34 sen to RM8.19, PPB 20 sen to RM17.40, Jaya Tiasa, KLK, IJM Corp and Bursa were up 10 sen each to RM6.80, RM22.10, RM6.28 and RM7.72 respectively, Kluang nine sen to RM2.72 and Paramount eight sen to RM5.87.

SAAG was the most actively traded counter with 26.6 million shares done. The stock shed half a sen to 7.5 sen.

Other actives included HWGB, MAS, KNM, Sime Darby and Asia Media.

Decliners this morning included Petronas Gas, APM, Warisan, Kossan, MAHB, Uzma and QSR Brands.

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