Friday, November 11, 2011

KLCI succumbs to profit taking, extends losses

KUALA LUMPUR: The FBM KLCI reversed its earlier gains and slipped into negative territory on Friday, Nov 11 as some mild profit taking on select blue chips weighed on the index.

The FBM KLCI fell 3.90 points to 1,468.75, weighed by losses at select blue chips.

Gainers led losers by 425 to 310, while 282 counters traded unchanged. Volume was 2.07 billion shares valued at RM1.23 billion.

At the regional markets, Hong Kong's Hang Seng Index closed 0.91% higher at 19,137.17, South Korea's Kospi jumped 2.77% to 1,863.45, Taiwan's Taiex up 0.80% to 7,367.29, Japan's Nikkei gained 0.16% to 8,514.47 and the Shanghai Composite Index edged up 0.06% to 2,481.08, while the Singapore Straits Times Index added 0.14% to 2,790.94.

On Bursa Malaysia, DiGi and PPB fell 22 sen each to RM33.78 and RM16.62, Ya Horng down 18 sen to 42 sen, Sunchirin 14 sen to RM1.38, Uzma 13 sen to RM1.68, Petronas Dagangan 12 sen to RM16.10, Tasek and Genting 10 sen each to RM8 and RM10.58, while Benalec fell eight sen to RM1.35.

Compugates was the most actively traded counter with 79.8 million shares traded. The stock gained half a sen to 8.5 sen.

Other actives included JCY International, Takaso, iDimension, Tiger, Karambunai and Rimbunan Sawit.

Meanwhile, gainers included United PLANTATION []s, BLD Plantations, CI Holdings, Harvest Court, Manulife, Dutch Lady, BAT, TSH Resources and GAB.


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