Thursday, November 17, 2011

KLCI closes lower, blue chips weigh

KUALA LUMPUR (Nov 17): The FBM KLCI extended its losses on Thursday, Nov 17 as external uncertainties weighed on investor sentiment at most key regional markets, although some of the Asian markets rose slightly on bargain hunting.

Meanwhile, European shares fell early on Thursday, tracking Wall Street lower, after ratings agency Fitch warned that the outlook for U.S. banks could deteriorate if the euro zone sovereign debt crisis is not resolved soon, according to Reuters.

The FBM KLCI fell 11.37 points to close at 1,465.47.

Losers edged gainers by 378 to 344, while 288 counters traded unchanged. Volume was 1.59 billion shares valued at RM1.17 billion.

At the regional markets, Hong Kong's Hang Seng Index fell 0.76% to 18,817.47, the Shanghai Composite Index lost 0.16% to 2,463.05 and Singapore's Straits Times Index fell 1.04% to 2,778.25.

Meanwhile, South Korea's Kospi rose 1.11% to 1,876.67, Japan's Nikkei 225 added 0.91% to 8,479.63 and Taiwan's Taiex was flat at 7,387.81.

On Bursa Malaysia, BAT was the top loser and fell 70 sen to RM46.30; Harvest Court shares fell 45 sen to RM1.04 while its warrants lost 38 sen to 89 sen, Proton down 21 sen to RM3.32, Genting 20 sen to RM10.68, CIMB 19 sen to RM6.87, IOI Corp 14 sen to RM5.09, Magni 13 sen to RM1.15, AirAsia 11 sen to RM3.80 while MISC fell 10 sen to RM6.69.

Compugates was the most actively traded counter with 63.8 million shares done. The stock was unchanged at 8 sen.

Other actives included Sumatec, DPS Resources, Malton shares and warrants, Frontken and Hibiscus warrants.

Among the gainers, Amway and Nestle rose 28 sen each to RM9.32 and RM49.50, Panasonic 26 sen to RM19.76, Dutch Lady 20 sen to RM22.70, DKSH 16 sen to RM2.20, Petrol One 11 sen to RM1.15, Metrod 10 sen to RM1.95, while BLD PLANTATION []s and Jaya Tiasa rose eight sen each to RM6.80 and RM6.40.


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