Tuesday, September 13, 2011

KLCI pares down gains at close

KUALA LUMPUR: The FBM KLCI pared down its gains on Tuesday, Sept 13 in line with the jittery sentiment on a global level as European markets reversed their earlier advance and fell on escalating worries on the lack of a concrete solution to the Euro zone debt crisis.

European shares fell on Tuesday morning, hitting a fresh two-year low for the second straight session as investors worried policymakers had no plan to stem the euro zone debt crisis, which could see Greece default, according to Reuters.

Banks gave up early gains that had pushed major indexes higher in early trade, it said.

The FBM KLCI edged up 0.12% or 1.74 points higher to close at 1,448.00, lifted by select blue chips including Genting andTenaga. The index had earlier risen to its intra-day high of 1,452.15.

The broader market, however, was weaker with losers overtaking gainers by 359 to 278, while 296 counters traded unchanged.

Volume was 727.19 million shares valued at RM876.45 million.

At the regional markets, the Shanghai Composite Index lost 1.06% to 2,471.30, Taiwan's Taiex fell 2.88% to 7,391.37 and the Singapore Straits Times Index was down 0.52% to 2,729.37.

Meanwhile, Japan's Nikkei 225 gained 0.95% to 8,616.55.

The Hong Kong and South Korean stock markets were closed for the mid-Autumn Day public holidays.

Among the gainers on Bursa Malaysia, Nestle added 70 sen to RM50, United PLANTATION []s up 60 sen to RM18.50, BAT 48 sen to RM43.60, Hong Leong Industries 19 sen to RM4.01, CHHB 18 sen to RM1.10, PPB 16 sen to RM16.78, Genting 13 sen to RM9.60, Cocoaland 10 sen to RM2.10, Bintulu Port and Konsortium eight sen each to RM6.62 and RM1.26, while Tenaga added seven sen to RM5.21.

DiGi led the decliners and fell 58 sen to RM31.12; Cepco lost 29 sen to RM1.85, Perduren 19.5 sen 75 sen, KLK, Petronas Dagangan and HLFG lost 18 sen each to RM21.32, RM17.46 and RM11 respectively, Tasek 15 sen to RM7.35, Panasonic 14 sen to RM20.88 and Asia File 12 sen to RM3.56.

Takaso shares and warrants were actively today. The warrants gained 6.5 sen to 7 sen with 136.3 million units done, while the shares declined half a sen to 20.5 sen with 43.5 million shares traded.

Other actives included Systech, GPRO, Key West, Olympia, AirAsia, Malton, Digista and E&O.


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