Wednesday, July 27, 2011

FBM KLCI slips below 1,560-level at closing, Prestariang slumps on debut

KUALA LUMPUR: Asian markets closed mixed on Wednesday, July 27 as China's industrial profits 28.7% in the first half from a year earlier to 2.4 trillion yuan (about US$373 billion), lifting sentiment at some of the markets.

Meanwhile, European shares fell in early as a deadlock over raising the US debt limit raised concerns about a possible default and a downgrade of the country's top-notch credit rating, prompting investors to cut their exposure to riskier assets, according to Reuters.

On Bursa Malaysia, the FBM KLCI lost 0.23% or 3.60 points to close at 1,558.17. Gainers edged losers by 383 to 320, while 343 counters traded unchanged. Volume was 1.05 billion shares valued at RM1.69 billion.

At the regional markets, the Shanghai Composite Index edged up 0.76% to 2,723.49, Singapore's Straits Times Index added 0.22% to 3,193.54, while South Korea's Kospi and Taiwan's Taiex added 0.26% each to 2,174.31 and 8,817.49 respectively.

Japan's Nikkei 225 fell 0.50% to 10,047.19 and Hong Kong's Hang Seng was down 0.13% to 22,541/69.

Prestariang Bhd had miserable debut on Bursa Malaysia Securities and slumped 16 sen to 74 sen, below its IPO price of 90 sen. It was also the most actively traded stock with 58.99 million shares done.

Other actives included Ingenuity Solutions shares and warrants, KNM, Zelan, Petronas Chemicals, Peterlabs and Zecon.

Among the decliners, Petronas Dagangan fell 32 sen to RM17.82, BAT 24 sen to RM45.56, Hong Leong Bank 20 sen to RM13.50, CI Holdings 14 sen to RM4.34, Shangri-La 10 sen to RM2.70 and Petronas Chemicals nine sen to RM6.92.

Among the gainers, United PLANTATION []s and Petronas Gas rose 20 sen each to RM20.20 and RM13.38, SIG Gases up 17.5 sen to 99 sen, Tasek and Kulim 17 sen each to RM8.05 and RM3.74, while DiGi and AirAsia added 14 sen each to RM30.24 and RM3.93.

Meanwhile, Bursa Malaysia Securities Bhd issued an Unusual Market Activity (UMA) query to Sarawak Consolidated Industries Bhd (SCIB) due to the stock price hitting limit-up in the morning trading session today.

SCIB rose 30 sen to 65 sen with 5.62 million shares done.

No comments:

Post a Comment