Wednesday, June 1, 2011

FBM KLCI stays in the red at mid-day

KUALA LUMPUR: The FBM KLCI remained in negative territory at the mid-day break on Wednesday, June 1 in line with the generally cautious sentiment at key regional markets.

At 12.30pm, the index shed 0.18% or 2.83 points to 1,555.46, weighed by losses at key blue chips including Maybank, CIMB and Tenaga while most stocks declined on mild profit taking.

Losers beat gainers by 417 to 223, while 268 counters traded unchanged. Volume was 378.75 million shares valued at RM729.55 million.

The ringgit strengthened 0.14% to 3.0082 versus the US dollar; crude palm oil futures for the third month delivery rose RM1 per tonne to RM3,366, crude oil gained 18 cents per barrel to US$102.88 while gold fell US$4.10 an ounce to US$1,531.70.

At the regional markets, Japan's Nikkei 225 gained 0.25% to 9,717.90, Taiwan's Taiex rose 0.96% to 9,075.11, South Korea's Kospi added 0.26% to 2,148.05 and Singapore's Straits Times Index was up 0.60% to 3,178.79.

Meanwhile, the Shanghai Composite Index shed 0.25% to 2,736.73 and Hong Kong's Hang Seng Index was down 0.14% to 23,650.99.

On Bursa Malaysia, the top loser was Tradewinds that fell 42 sen to RM8.91; Malayan Flour Mills lost 34 sen to RM8.10, APM fell 20 sen to RM5, Faber 19 sen to RM1.92, PPB 12 sen to RM17.28, while Kulim, Keck Seng, QSR and Maybank fell 11 sen each to RM3.57, RM4.25, RM5.84 and RM8.80 respectively.

CIMB fell four sen to RM8.33 and Tenaga fell one sen to RM7.10 in active trade.

Karambunai was the most actively traded counter this morning. The stock shed one sen to 19.5 sen with 21.2 million shares done.

Other actives included UEM Land, HWGB, TMS, MAS and Focus.

BLD PLANTATION []s was the top gainer this morning and was up 77 sen to RM6.20.

RHB Capital, with which CIMB and Maybank have been given the nod to start merger talks, gave up some of its earlier gains and was up 67 sen to RM9.89.

Panasonic rose 18 sen to RM24, Esso 15 sen to RM5.23, S P Setia 14 sen to RM4.20, Lafarge Malayan Cement and Top Glove up 12 sen each to RM7.31 and RM5.32, while Asia File and Ajinomoto added 11 sen each to RM3.99 and RM4.17.

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