Wednesday, June 1, 2011

FBM KLCI pares down losses at close

KUALA LUMPUR: The FBM KLCI managed to pare down some of its losses at the close on Wednesday, June 1 in line with the slight recovery close at key regional markets.

The index closed 0.12% or 1.87 points lower at 1,556.42. It earlier fell to its intra-day low of 1,553.98.

Gainers trailed losers by 280 to 494, while 288 counters traded unchanged. Volume was 795.16 million shares valued at RM1.74 billion.

Malayan Flour Mills was the top loser and fell 44 sen to RM8; PPB lost 30 sen to RM17.10, Tradewinds 23 sen to RM9.10, APM Automotive 22 sen to RM4.98, Faber 19 sen to RM1.92 and Kulim 12 sen to RM3.56.

Among the heavyweights, Maybank fell 14 sen to RM8.77, CIMB lost two sen to RM8.35 and Tenaga fell one sen to RM7.10.

Karambunai was the most actively traded counter with 30.6 million shares done. Other actives included Tenaga, Maybank, MAS, KNM, HWGB, DBE Gurney and UEM Land.

Among the gainers, RHB Capital rose 68 sen to RM9.90, BLD PLANTATION []s 67 sen to RM6.10, BAT 40 sen to RM47.28, Sarawak Oil Palms 23 sen to RM3.90, MAHB 22 sen to RM6.59, KLK, Nestle and BIMB 20 sen each to RM22.20, RM47.98 and RM1.81 respectively, while MMHE added 18 sen to RM7.93.

At the regional markets, Japan's Nikkei 225 was up 0.27% to 9,719.61, Taiwan's Taiex added 0.82% to 9,062.35, Singapore's Straits Times Index rose 0.41% to 3,172.87 and the Shanghai Composite Index was flat at 2,743.57.

Meanwhile, Hong Kong's Hang Seng Index shed 0.24% to 23,626.43 and South Korea's Kospi edged down 0.05% to 2,141.34.

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