Tuesday, September 6, 2011

CIMB, Petronas-linked stocks weigh on KLCI

KUALA LUMPUR: The FBM KLCI fell for a second day on Tuesday, Sept 6 in line with the losses at most key regional markets while European shares opened in choppy trading, as investor sentiment remained nervy.

The FBM KLCI lost 0.60% or 8.75 points to 1,454.37, weighed by losses including at Sime Darby, CIMB and Petronas-linked counters.

Losers led gainers by 423 to 253, while 279 counters traded unchanged. Volume was 706.7 million shares valued at RM1.52 billion.

At the regional markets, Japan's Nikkei 225 lost 2.21% to 8,590.57, Taiwan's Taiex fell 2.44% to 7,367.19, South Korea's Kospi down 1.07% to 1,766.71 and the Shanghai Composite Index fell 0.33% to 2,470.52.

Meanwhile, Hong Kong's Hang Seng Index gained 0.48% to 19,710.50 and Singapore's Straits Times Index edged up 0.04% to 2,774.33.

Among the decliners on Bursa Malaysia, Quality Concrete fell 29 sen to RM1.25, BAT 24 sen to RM43.50, Proton 21 sen to RM2.70, KYM and Parkson 20 sen each to RM1.70 and RM5.45, Petronas Dagangan, Petronas Gas and Tradewinds down 16 sen each to RM17.60, RM13.10 and RM8.86 respectively, JT International 15 sen to RM6.60, Sime Darby 13 sen to RM8.70 and CIMB 10 sen to RM7.30.

Tahps led the gainers and was up 33 sen to RM4.38; Perduren added 28 sen to RM1, Dutch Lady up 24 sen to RM18.94, Panasonic 22 sen to RM21.86, Warisan 20 sen to RM2.70, Esso 16 sen to RM3.67, Cepco 14 sen to RM1.94, BRDB 13 sen to RM2.45 and F&N up 12 sen to RM16.70.

DXN HOLDINGS BHD []'s shares were among the most actively traded this morning after its major shareholders issued a notice of conditional takeover to acquire all the remaining shares in DXN they do not own at RM1.75 per share, a 23.2% premium to the stock's closing price of RM1.42 sen on Sept 5.

DXN jumped 31 sen to RM1.70 with 17.9 million shares traded.

Other actives included Takaso, E&O, Axiata, CIMB, Timecom, Sime and Petronas Chemicals.

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