Thursday, September 15, 2011

Mild profit-taking chips off gains on KLCI

KUALA LUMPUR: Mild profit-taking chipped some gains off the FBM KLCI at the mid-day break on Thursday, Sept 15 ahead of the extended weekend with the local market closed for the Malaysia Day holiday on Friday.

Sentiment at the regional markets was also wary despite Germany and France voicing their commitment to keeping debt-ladened Greece in the euro zone, with investors remaining skeptical over the measures to be adopted to find a more permanent solution to the euro zone debt crisis.

The FBM KLCI pared down its gains and was up a marginal 0.06% or 0.80 point to 1,438.41 at 12.30pm. The index had earlier risen to its intra-morning high of 1,443.51.

Losers overtook gainers by 268 to 213, while 296 counters traded unchanged. Volume was 269.38 million shares valued at RM451.01 million.

The ringgit weakened 0.23% to 3.0853 versus the US dollar; crude palm oil futures for the third month delivery fell RM8 per tonne to RM3,036, crude oil slipped 31 cents per barrel to US$88.60 and gold lost US$6.55 an ounce to US$1,813.07.

At the regional markets, Japan's Nikkei 225 rose 1.58% to 8,653.20, Taiwan's Taiex was up 2.02% to 7,374.32, South Korea's Kospi added 0.97% to 1,766.17, Singapore's Straits Times Index gained 0.55% to 2,754.46 while Hong Kong's Hang Seng Index edged up 0.47% to 19,134.45.

On Bursa Malaysia, KLK was the top gainer and rose 36 sen to RM21.48; DiGi added 30 sen to RM31.04, Nestle 22 sen to RM50, Dutch Lady 18 sen to RM19.70, IOI Corp and QSR 12 sen each to RM4.73 and RM5.69, Parkson 11 sen to RM5.45, Bonia and AFG 10 sen each to RM1.60 and RM3.50, while EKIB added eight sen to 61 sen.

Tejari was the most actively traded counter with 19.4 million shares done. The stock was unchanged at 5.5 sen.

Other actives included Systech, E&O, AirAsia, LBS, CIMB and Axiata.

Losers this morning included BAT, Quality Concrete, Panasonic, Hong Leong Bank, Nilai, UMW, Pos Malaysia and JT International.

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