Friday, July 15, 2011

FBM KLCI pares down losses at close

KUALA LUMPUR: ''The FBM KLCI pared down its losses on Friday, July 15 in line with the late bargain hunting activities at most key regional markets.

However, the market remained sluggish as the overall sentiment at global markets remain tepid, given the flurry of weak economic data released this week from the US.

The FBM KLCI lost 2.59 points to 1,577.25 It had earlier fallen to its intra-low of 1,573.47.

Losers beat gainers by 431 to 250, while 344 counters traded unchanged. Volume fell to 697.06 million shares valued at RM1.37 billion from 713.17 million shares on Thursday.

On Bursa Malaysia, Petronas Dagangan was the top loser and fell 30 sen to RM18.20; KLK lost 24 sen to RM21.66, Tradewinds 23 sen to RM9.95, Amtel 18 sen to 70 sen, Coastal 16 sen to RM2.45, while Nestle, Genting and Hartalega fell 14 sen each to RM47.76, RM10.84 and RM5.41 respectively.

Axiata was the most actively traded counter with 26.42 million shares done. The stock was unchanged at RM5.06.

Other actives included Kurnia'' Asia, CIMB, Kencana, MAA, DVM, Asia EP and Daya Materials.

Meanwhile, gainers included NPC that rose 22 sen to RM2.30, Harrisons up 21 sen to RM3.80, Sindora 19 sen to RM1.99, Carlsberg 18 sen to RM7.70, GAB 14 sen to RM10.52, BLD PLANTATION []s 13 sen to RM6.54, while TSM, EPIC, Shell and Hong Leong Bank rose 12 sen each to RM1.59, RM2.87, RM10.42 and RM13.60 respectively.

At the regional markets, Hong Kong's Hang Seng Index fell 0.30% to 21,875.38 and Singapore's Straits Times Index lost 0.14% to 3,084.24.

Elsewhere, Japan's Nikkei 225 rose 0.39% to 9,974.47, the Shanghai Composite Index added 0.35% to 2,820.17, Taiwan's Taiex jumped 1.10% to 8,574.91 and South Korea's Kospi gained 0.71% to 2,145.20.

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