Wednesday, June 22, 2011

Limited gains at regional markets

KUALA LUMPUR: Gains were limited at the key regional markets at mid-day on Wednesday, June 22 as the outcome of the Federal Open Market Committee's two-day meeting later in the day weighed on investor sentiment.

The FBM KLCI pared down some of its earlier gains and was up 0.10% or 1.57 points to 1,562.36 at the mid-day break, boosted by gains at select blue chips. The index had earlier risen to its intra-morning high of 1,565.34.

The broader market turned weaker losers outpacing gainers by 331 to 282, while 324 counters traded unchanged. Volume was 409.15 million shares valued at RM577.19 million.

The ringgit strengthened 0.02% to 3.0290 versus the US dollar; crude palm oil futures for the third month delivery fell RM9 per tonne to RM3,212, crude oil slipped 62 cents per barrel to US$93.55 and gold fell 15 cents an ounce to US$1,546.15.

At the regional markets, Japan's Nikkei 225 was up 1.53% to 9,604.22, Hong Kong's Hang Seng Index added 0.33% to 21,922.69, South Korea's Kospi gained 0.86% to 2,065.73, Singapore's Straits Times Index rose 0.15% to 3,058.09 and Taiwan's Taiex edged up 0.04% to 8,600.79.

Meanwhile, the Shanghai Composite Index shed 0.29% to 2,638.77.

On Bursa Malaysia, HLFG led the gainers this morning and was up 22 sen to RM13.42; Perak Corp and Tan Chong added 19 sen each to RM1.49 and RM4.73, Panasonic up 18 sen to RM24.96, Jaya Tiasa 15 sen to RM7.05, Lysaght 13 sen to RM1.80, Genting 12 sen to RM11.02, MSC and JobStreet 11 sen each to RM4.50 and RM2.91, while F&N added 10 sen to RM19.40.

KBB was the most actively traded counter this morning with 46.34 million shares done. The stock rose half a sen to 37.5 sen.

Other actives included MAA, HWGB, Compugates, Ingenuity Solutions, Silver Bird, AirAsia and Sime Darby.

Decliners this morning included United PLANTATION []s, Tasek, MPI, Kumpulan Europlus, BLD Plantations and DiGi.

No comments:

Post a Comment