Tuesday, December 27, 2011

KLCI breaches 1,500-level, bucks regional trend

KUALA LUMPUR (Dec 27): The FBM KLCI bucked the regional trend on Tuesday and rose in late trade to close above the crucial 1,500-point level for the first time since Aug 18 this year.

The 30-stock index rose 4.76 points to close at 1,500.91, lifted by gains at select blue chips.

Gainers overtook losers by 378 to 341, while 289 counters traded unchanged. Volume was 993.76 million shares valued at RM743.83 million.

Meanwhile, Japan's Nikkei average dropped below a key support level in holiday-thinned trade on Tuesday, on track for a flat performance in December and double-digit losses for the year, according to Reuters.

With many overseas investors on year-end holidays, market participants said it had been difficult to buy risk assets though the re-opening of stock trading in the United States later in the day could provide more direction, it said.

China stocks fell 1.1% on Tuesday to their lowest close since March 2009, led by a drop in small caps, although trade remained light as investors were cautious over tight liquidity conditions ahead of the year-end, it said.

At the regional markets, the Shanghai Composite Index fell 1.09% to 2,166.21, South Korea's Kospi lost 0.79% to 1,842.02, Japan's Nikkei 225 was down 0.46% to 8,440.56, Taiwan's Taiex shed 0.11% to 7,085.03 and Singapore's Straits Times Index xxx

On Bursa Malaysia, Proton was the top gainer and rose 41 sen to RM4.79; UMW added 38 sen to RM6.98, KLK was up 36 sen to RM22.56, Petronas Gas 26 sen to RM14.40, BLD PLANTATION []s 23 sen to RM7.35, Batu Kawan and F&N added 22 sen each to RM17.50 and RM18.22, while Ta Ann and Nestle gained 20 sen each to RM5.25 and RM56.80.

Among the decliners, BAT lost 20 sen to RM49, Y&G 18.5 sen to 78 sen, Dutch Lady 16 sen to RM23.20, while JT International, Petronas Dagangan, Hong Leong Bank and Aeon fell 10 sen each to RM6.89, RM17.20, RM10.84 and RM7.10 respectively.

Meanwhile, the actives included Proton, MBF Holdings warrants, Astral Supreme, Sanichi and Utopia.




No comments:

Post a Comment