Friday, July 8, 2011

FBM KLCI slips below 1,590-level on profit taking

KUALA LUMPUR: The FBM KLCI slipped below the 1,590-point level at the mid-day break on Friday, July 8 as pre-weekend profit taking at key blue chips weighed the benchmark index down.

Key regional markets mostly pared down their gains ahead of US jobs data due out later in the day.

The FBM KLCI shed 0.22% or 3.46 points to 1,586.78, with losses including at Gamuda, AMMB, Sime and Genting Malaysia.

Losers beat gainers by 375 to 210, while 312 counters traded unchanged. Volume was 418.87 million shares valued at RM619.92 million.

The ringgit strengthened 0.38% to 2.9984 versus the US dollar; crude palm oil futures for the third month delivery rose RM42 per tonne to RM3,096, crude oil slipped 18 cents per barrel to US$98.49 while gold fell US$1.32 an ounce to US$1,531.05.

At the regional markets, Hong Kong's Hang Seng Index was up 1.07% to 22,771.50, Japan's Nikkei 225 added 0.70% to 10,141.91, Singapore's Straits Times Index gained 0.61% to 3,145.09, and the Shanghai Composite Index edged up 0.21% to 2,800.13.

Meanwhile, Taiwan's Taiex fell 0.16% to 8,759.52 and South Korea's Kospi shed 0.08% to 2,178.80.

Among the decliners on Bursa Malaysia, Gamuda and Sime Darby fell four sen each to RM3.80 and RM9.19, AMMB and Genting Malaysia down eight sen each to RM6.63 and RM3.78, Petronas Chemicals seven sen to RM7.12, Maybank three sen to RM8.94 and DiGi down 18 sen to RM29.78.

Other losers included Dutch Lady, AFG, Cepco, Top Glove and MMHE.

Among the gainers, LPI Capital added 24 sen to RM14.04, MISC 13 sen to RM7.63, KLK and SBC Corp 12 sen each to RM22.70 and RM1.07, while South Acids added 10 sen to RM2.52.

The actives included MSM warrants, Timecom, AirAsia, Malton and Petronas Chemicals.


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