KUALA LUMPUR: The FBM KLCI slipped into the red at mid-morning on the final trading day of the second quarter of 2011 as mild profit taking chipped away its gains from a day earlier when it closed at a fresh historic high.
Regional markets advanced, albeit cautiously, as investors breathed a sigh of relief after Greece moved a step closer to avoiding a default by adopting harsh austerity measures, with many market players hunkering down after a rough first half of the year, according to Reuters.
The FBM KLCI shed 2.77 points to 1,572.24 at 10am, weighed by losses at select blue chips.
Gainers edged losers by 189 to 186, while 213 counters traded unchanged. Volume was 177.38 million shares valued at RM164.49 million.
At the regional markets, Hong Kong's Hang Seng Index rose 0.63% to 22,201.17, the Shanghai Composite Index added 0.43% to 2,740.22, Taiwan's Taiex gained 0.34% to 8,602.45, Singapore's Straits Times Index advanced 0.36% to 3,090.92 and South Korea's Kospi edged up 0.02% to 2,094.76.
Profit-taking, however, saw Japan's Nikkei 225 shed 0.01% to 9,796.14.
Maybank Investment Bank Bhd head of retail research Lee Cheng Hooi in a note to clients June 30 said that due to the firmer tone at the US markets yesterday, there could be some initial buying activities in the local bourse today.
He said the market could rise marginally, with some profit taking activities in the afternoon.
'There is a good possibility that it will test its all-time high and resistance of 1,576, though the rise could attract some firm stale bull selling.
'However, if the index surges and sustains above 1,576, then we upside to 1,579 and 1,601 in the medium-term,' he said.
On Bursa Malaysia, the decliners were led by Cepco and NWP that fell 25 sen each to RM1.19 and 13 sen, Genting down 14 sen to RM11.04, GAB and Dutch Lady eight sen each to RM10.10 and RM18.50, Lafarge Malayan Cement seven sen to RM7.38, HLFG and Sime Darby six sen each to RM13.04 and RM9.21, while Perduren fell 4.5 sen to 71 sen.
Among the gainers, BAT and United PLANTATION []s added 46 sen each to RM46.66 and RM19.90, Ta Ann rose 21 sen to RM5.65, IJM Plantations 12 sen to RM2.87, Jaya Tiasa and Parkson 10 sen each to RM7 and RM6.10, while CHHB and United Malacca added eight sen each to RM1.18 and RM7.05.
Compugates was the most actively traded counter with 19.66 million shares done. The stock was unchanged at 6.5 sen.
Other actives included KBB, Sinotop, Zelan, Ranhill, Bertam, Olympia and KNM.
''
Regional markets advanced, albeit cautiously, as investors breathed a sigh of relief after Greece moved a step closer to avoiding a default by adopting harsh austerity measures, with many market players hunkering down after a rough first half of the year, according to Reuters.
The FBM KLCI shed 2.77 points to 1,572.24 at 10am, weighed by losses at select blue chips.
Gainers edged losers by 189 to 186, while 213 counters traded unchanged. Volume was 177.38 million shares valued at RM164.49 million.
At the regional markets, Hong Kong's Hang Seng Index rose 0.63% to 22,201.17, the Shanghai Composite Index added 0.43% to 2,740.22, Taiwan's Taiex gained 0.34% to 8,602.45, Singapore's Straits Times Index advanced 0.36% to 3,090.92 and South Korea's Kospi edged up 0.02% to 2,094.76.
Profit-taking, however, saw Japan's Nikkei 225 shed 0.01% to 9,796.14.
Maybank Investment Bank Bhd head of retail research Lee Cheng Hooi in a note to clients June 30 said that due to the firmer tone at the US markets yesterday, there could be some initial buying activities in the local bourse today.
He said the market could rise marginally, with some profit taking activities in the afternoon.
'There is a good possibility that it will test its all-time high and resistance of 1,576, though the rise could attract some firm stale bull selling.
'However, if the index surges and sustains above 1,576, then we upside to 1,579 and 1,601 in the medium-term,' he said.
On Bursa Malaysia, the decliners were led by Cepco and NWP that fell 25 sen each to RM1.19 and 13 sen, Genting down 14 sen to RM11.04, GAB and Dutch Lady eight sen each to RM10.10 and RM18.50, Lafarge Malayan Cement seven sen to RM7.38, HLFG and Sime Darby six sen each to RM13.04 and RM9.21, while Perduren fell 4.5 sen to 71 sen.
Among the gainers, BAT and United PLANTATION []s added 46 sen each to RM46.66 and RM19.90, Ta Ann rose 21 sen to RM5.65, IJM Plantations 12 sen to RM2.87, Jaya Tiasa and Parkson 10 sen each to RM7 and RM6.10, while CHHB and United Malacca added eight sen each to RM1.18 and RM7.05.
Compugates was the most actively traded counter with 19.66 million shares done. The stock was unchanged at 6.5 sen.
Other actives included KBB, Sinotop, Zelan, Ranhill, Bertam, Olympia and KNM.
''
No comments:
Post a Comment