Thursday, July 7, 2011

Genting, MMHE weigh on FBM KLCI

KUALA LUMPUR: The FBM KLCI slipped into negative territory on Thursday, July 7 in line with the cautious sentiment at key regional markets ahead of employment data to be released in the US later in the day.

The FBM KLCI shed 0.07% or 1.10 points to 1,590.24, as profit taking at blue chips including at Genting, MMHE and MISC kept the index struggling to stay above the 1,590-level.

Gainers edged losers by 368 to 355, while 355 counters traded unchanged. Volume was 1.27 billion shares valued at RM2.07 billion.

At the regional markets, the Shanghai Composite Index and Taiwan's Taiex fell 0.58% each to 2,794.27 and 8,773.42, Japan's Nikkei 225 shed 0.11% to 10,071.14 while South Korea's Kospi added 0.43% to 2,180.59, Singapore's Straits Times Index rose 0.36% to 3,125.87 and Hong Kong's Hang Seng Index edged up 0.06% to 22,530.18.

Among the decliners on Bursa Malaysia, Genting fell 16 sen to RM11.10, MMHE 13 sen to RM8.54, MISC eight sen to RM7.50, RHB Capital and PPB six sen each to RM9.05 and RM17.74, while Hong Leong Bank, IOI Corp, Petronas Dagangan and YTL fell four sen each to RM13.72, RM5.31, RM17.12 and RM1.53 respectively.

Other losers included Nestle that fell 52 sen to RM46.98, Unite PLANTATION []s and GAB that lost 16 sen each to RM21 and RM10.40, Glenealy and Far East 15 sen each to RM5.70 and RM7.25, while Hap Seng and BIMB shed 14 sen each to RM5.29 and RM2.23.

Dutch Lady topped the gainers and rose 74 sen to RM19.54, DiGi 20 sen to RM29.96, AFG 19 sen to RM3.62, APM Automotive 16 sen to RM5.03, Malayan Flour Mills 15 sen to RM8.41, while Ibraco and UOA Development gained 12 sen each to RM1.12 and RM2.21.

The actives included Timecom, Flonic, AFG, KBB and Genting Malaysia.

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