Friday, July 15, 2011

Blue chips weigh on FBM KLCI

KUALA LUMPUR: The FBM KLCI remained entrenched below the 1,580-point level at the mid-day break on Friday, July 15 as blue chips retreated on mild profit taking.

Regional markets were also mixed following the weaker overnight close at Wall Street and ahead of the three-day weekend in Japan.

The FBM KLCI dipped 0.29% or 4.59 points to 1,575.25, dragged by losses including at Genting, as well as index-linked PLANTATION [] and banking stocks.

Market breadth was negative with losers beating gainers by 346 to 171, while 312 counters traded unchanged.'' Volume was 308.54 million shares valued at RM482.85 million.

The ringgit weakened 0.11% to 3.0035 versus the US dollar; crude palm oil futures for the third month delivery fell RM15 per tonne to RM3,126, crude oil rose 12 cents per barrel to US$95.81 and gold fell US$4.25 to US$1,583.05.

At the regional markets, Hong Kong's Hang Seng Index fell 0.26% to 21,883.89 and the Shanghai Composite Index shed 0.04% to 2,809.38.

Japan's Nikkei 225 gained 0.19% to 9,954.78, South Korea's Kospi rose 0.39% to 2,138.41, Taiwan's Taiex added 1.06% to 8,571.17 while Singapore's Straits Times Index was flat at 3,088.84.

On Bursa Malaysia, Nestle fell 40 sen to RM47.50, KLK 24 sen to RM21.66, Petronas Dagangan 20 sen to RM18.30, MISC 13 sen to RM7.57, KLCCP 12 sen to RM3.38, Coastal 11 sen to RM2.50, Genting Plantations, Tradewinds, MSM and Genting down 10 sen each to RM7.82, RM10.08, RM5.38 and RM10.88 respectively, and IOI Corp down two sen to RM5.28.

Among banks, CIMB and HLFG lost four sen each to RM8.75 and RM13.42, while AMMB fell three sen to RM6.42.

CI Holdings led the gainers and was up 21 sen to RM3.90, Sindora added 11 sen to RM1.91, Shell and Tasco 10 sen to RM10.40 and RM1.59, Inno and TGL nine sen each to RM1.50 and RM1.57, while MSC and Sunway City added seven sen each to RM4.58 and RM5.10.

The actives included Kurnia Asia, MAA, Daya Materials, Axiata, CIMB and Kencana.

No comments:

Post a Comment