Tuesday, June 7, 2011

FBM KLCI pares down losses at mid-day break

KUALA LUMPUR: The FBM KLCI managed to pare down some of its losses at the mid-day break on Tuesday, June 7 as some of the key regional markets reversed their losses from earlier in the day, as investors went bargain hunting for battered stocks.

At 12.30pm, the FBM KLCI was down 0.04% or 0.56 of a point to 1,551.58, weighed by losses including at telecommunication stocks and select blue chips. The index had earlier slipped below the 1,550-point level to its intra-morning low of 1,548.30.

Gainers overtook losers by 285 to 276, while 303 counters traded unchanged. Volume was 294.57 million shares valued at RM492.42 million.

The ringgit weakened 0.20% to 3.0105 versus the US dollar; crude palm oil futures for the third month delivery fell RM41 per tonne to RM3,340, crude oil slipped 46 cents per barrel to US$98.55 while gold gained 25 cents to US$1,544,90 an ounce.

Hang Seng Index -0.72% 22,784.25 South Korea's Kospi -0.82% 2,096.10 Singapore's Straits Times Index -0.07% 3,111.63 Nikkei 225 +0.61% 9,437.21 Shanghai Composite Index +0.11% 2,730.95 Taiwan's Taiex unch 9,046.72 ''

''

At Bursa Malaysia, among the decliners, Maxis, DiGi and TM fell two sen each to RM5.43, RM28.88 and RM3.85 respectively, PPB and Tenaga lost six sen each to RM17.46 and RM6.89, while BAT lost 16 sen to RM46.86.

Esso fell 20 sen to RM4.86, Tahps 19 sen to RM4.60, Amway 17 sen to RM9.58, Malayan Flour Mills 16 sen to RM7.94, Shell 12 sen to RM10.68 while Parkson fell 10 sen to RM5.66.

PLANTATION []-related stocks were among the major gainers this morning, with Glenealy up 42 sen to RM5.85, Tradewinds 34 sen to RM10.62, NSOP 24 sen to RM5.79, BLD Plantations 20 sen to RM7.45, Rimbunan Sawit 19 sen to RM2.61, United Plantations 18 sen to RM18.88, Sarawak Plantations 16 sen to RM2.46, KLK eight sen to RM22 and Kulim three sen to RM3.61.

MBSB's warrants were actively traded with 17.9 million units done. The warrants added 22.5 sen to 72.5 sen.

Other actives included HWGB, Asia Media, KNM, Axiata, Karambunai and Focus.

''

''

No comments:

Post a Comment