Monday, October 10, 2011

KLCI in the red amid lacklustre trade

KUALA LUMPUR: The FBM KLCI remained in the negative territory on Monday, Oct 10 amid lacklustre trade as the 2012 Budget announcement appeared to be overshadowed by external factors still weighing on investor sentiment.

Regional markets were mixed, with China's market reopening after a week-long holiday, and with the Japan and Taiwan markets closed for holidays.

The FBM KLCI was down 0.37% or 5.14 points to 1,394.91 at the mid-day break, weighed by index-linked PLANTATION [] stocks and select blue chips. Losers beat gainers by 296 to 182, while 220 counters traded unchanged. Volume was 308.16 million shares valued at RM236.27 million.

The ringgit strengthened 0.59% to 3.1398 versus the US dollar; crude palm oil futures for the third month delivery rose RM35 per tonne to RM2,812, crude oil added 60 cents per barrel while gold jumped US$11.93 an ounce to US$1,649.78.

At the regional markets, Hong Kong's Hang Seng Index was down 0.50% 17,618.45 and the Shanghai Composite Index shed 0.23% to 2,353.68, while South Korea's Kospi narrowed its gains to 0.43% to 1,767.39 and Singapore's Straits Times Index was up 0.63% to 2,656.84.

On Bursa Malaysia, KLK fell 26 sen to RM20.36, PPB 14 sen to RM15.80, Batu'' Kawan 10 sen to RM14.50 and IOI Corp seven sen to RM4.75.

Lafarge lost 20 sen to RM6.68, Tenaga 12 sen to RM5.26, Sime Darby and Genting 11 sen each to RM8.41 and RM9.02.

Among the gainers, AIC added 30 sen to RM1.45, JT International and Tradewinds 26 sen each to RM6.06 and RM8.17, Dutch Lady 22 sen to RM18.26, GAB and Bernas 16 sen each to RM10.06 and RM3.09, Hong Leong Bank 14 sen to RM10.18, while Parkson added 11 sen to RM5.56.

The actives included Tejari, Karambunai, GPRO, Dutaland, Asia EP, RedTone and Malton.

No comments:

Post a Comment