Thursday, August 4, 2011

FBM KLCI pares down gains to slip below 1,550

KUALA LUMPUR: ''The local stock market saw some mild profit taking activities in the afternoon session on Thursday, Aug 4 in line with the still tepid overall sentiment at regional bourses.

The index closed just 0.12% or 1.79 points higher at 1,546.89, after having risen to its intra-day high of 1,552.91 in early trade.

Gainers edged losers by 397 to 363, while 316 counters traded unchanged. Volume was 1.16 billion shares valued at RM1.55 billion.

At the regional markets, Japan's Nikkei 225 closed 0.23% higher at 9,659.18 and the Shanghai Composite Index added 0.21% to 2,684.04.

South Korea's Kospi tumbled 2.31% to 2,018.47, Taiwan's Taiex lost 1.65% to 8,317.27, Hong Kong's Hang Seng Index down 0.49% to 21,884.74 and Singapore's Straits Times Index

On Bursa Malaysia, BLD PLANTATION []s was the top gainer and rose 36 sen to RM7.20; Nestle added 32 sen to RM47.76, GAB 16 sen to RM10.86, JT International 14 sen to RM7.19, Petronas Chemicals 12 sen to 6.91, Eversendai and RHB Capital 11 sen each to RM1.80 and RM9.22, while MNRB added 10 sen to RM3.23.

Sanichi, whose trading was halted from 4.05pm on Thursday and would resume on Friday, was the most actively traded counter with 76 million shares done. The stock added one sen to 10.5 sen.

Datuk Md Wira Dani Abdul Daim, son of former finance minister Tun Daim Zainuddin, surfaced as a new substantial shareholder of the ACE Market-listed Sanichi, according to filings to Bursa Malaysia Securities.

Other actives included DVM, Ingenuity Solutions, XOX, Ramunia, MBSB, AirAsia and Dutaland.

Among the decliners, Tasek and MISC fell 20 sen each to RM8.30 and RM7.18, F&N and DiGi down 18 sen each to RM19.20 and RM30.04, Sarawak Cable down 11 sen to RM2.10 and Stone Master nine sen to 33 sen.

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