Thursday, December 22, 2011

KLCI edges up to close higher, but broader market stays weak

Larger Smaller Reset KUALA LUMPUR (Dec 22): The FBM KLCI inched up to close higher on Thursday and bucked the trend among regional markets that appeared to be weighed by eurozone debt crisis jitters.

Meanwhile, European stocks rose in early trade on Thursday, reversing all of the previous session's losses, but nagging worries over the euro zone debt crisis after the European Central Bank's 3-year tender were seen capping the rebound ahead of the holiday break, according to Reuters.

The FBM KLCI rose 6.48 points to close at 1,491.46, lifted by gains at select blue chips.

But the broader market remained weak with losers beating gainers by 455 to 290, while 287 counters traded unchanged. Volume was 1.2 billion shares valued at RM1.02 billion.

At the regional markets, Japan's Nikkei 225 fell 0.77% to 8,395.16, the Shanghai Composite Index lost 0.22% to 2,186.30, Hong Kong's Hang Seng Index was down 0.21% 18,378.23, South Korea's Kospi fell 0.05% to 1,847.49, Taiwan's Taiex was flat at 6,966.35 and Singapore's Straits Times Index shed 0.32% to 2,664.80.

On Bursa Malaysia, Nestle was the top gainer and added 42 sen to RM56.60; Hong Leong Bank rose 32 sen to RM10.86, United PLANTATION []s 30 sen to RM18.60, PPB 24 sen to RM17.10, Supermax 20 sen to RM3.68, Top Glove 19 sen to RM4.65, Shell 15 sen to RM9.30, Genting 14 sen to RM10.76 and Hartalega 13 sen to RM5.68.

Jaya Tiasa was the top loser and fell 18 sen to RM6.81; Widetech lost 14 sen to 52 sen, Petrol One 13 sen to 84 sen, Dutch Lady and KAF down 12 sen each to RM23.30 and RM1.60, while Sungei Bagan lost nine sen to RM2.78.

The actives included TMC Life, Sanichi, Hibiscus, Utopia, Flonic, UEM Land, Envair and IRCB.



No comments:

Post a Comment