Wednesday, June 8, 2011

FBM KLCI slips on mild profit taking

KUALA LUMPUR: The FBM KLCI edged down marginally at the closing on Wednesday, June 8 in line with the still tepid sentiment at key regional and lower opening at European markets.

The index shed 0.01% or 0.10 point to 1551.79, weighed by mild profit taking including at Public Bank, Petronas Chemicals, Axiata and BAT.

Gainers led losers by 380 to 309, while 336 counters traded unchanged. Volume was 852.14 million shares valued at RM1.64 billion.

At the regional markets, Hong Kong's Hang Seng Index fell 0.91% to 22,661.63, Taiwan's Taiex lost 0.55% to 9,007.53, South Korea's Kospi was down 0.78% to 2,083.35 and Singapore's Straits Times Index edged down 0.33% to 3,105.64.

Meanwhile, Japan's Nikkei 225 edged up 0.07% to 9,449.46 and the Shanghai Composite Index added 0.22% to 2,750.29.

Among the decliners, BAT fell 60 sen to RM46.30, Tradewinds lost 46 sen to RM10.56, Petronas Dagangan 24 sen to RM16, Glenealy 19 sen to RM5.70, Dutch Lady 14 sen to RM18.06, Petronas Chemicals 13 sen to RM6.96, Public Bank 10 sen to RM13.14 and Axiata three sen to RM4.87.

UOA Development Bhd made a lackluster debut on the Main Market of Bursa Malaysia on Wednesday, June 8 and closed one sen lower at RM2.59 with 78 million shares done.

It had earlier fallen to its intra-day low of RM2.48.

The actively traded stocks included Tejari, Focus, MAA, Asia Media, Petronas Chemicals, Axiata and CIMB.

Among the gainers, Hong Leong Bank rose 24 sen to RM12.76, SHL and AirAsia added 19 sen each to RM1.48 and RM3.24, MMHE 17 sen to RM8.25, BLD PLANTATION []s 16 sen to RM7.28, KLK 14 sen to RM22.10 while United Plantations and HLFG added 12 sen each to RM19 and RM12.18.

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