Wednesday, December 14, 2011

KLCI nudges up at mid-day as Asian markets pare down losses

KUALA LUMPUR (Dec 14): The FBM KLCI nudged up marginally at the mid-day break on Wednesday as most key Asian markets pared down their losses.

At 12.30pm, the FBM KLCI gained 0.03% or 0.40 point to 1,465.79. The index had earlier slipped to its intra-morning low of 1,459.45.

Gainers trailed losers by 232 to 320, while 293 counters traded unchanged. Volume was 808.93 million shares valued at RM455.72 million.

The ringgit weakened 0.19% to 3,18677 versus the US dollar; crude palm oil futures for the third month delivery fell RM12 per tonne to RM2,995, crude oil shed 23 cents a barrel to US$99.91 while gold fell US$7.35 an ounce to US$1,638.93.

At the regional markets, Japan's Nikkei 225 was down 0.53% to 8,507.11, Hong Kong's Hang Seng Index fell 0.18% to 18,413.79, the Shanghai Composite Index shed 0.13% to 2,245,57, South Korea's Kospi lost 0.41% to 1,856.40 and Singapore's Straits Times Index was down 0.20% to 2,680.26.

Meanwhile, Taiwan's Taiex added 0.13% to 6,905.00.

On Bursa Malaysia, Nestle led the gainers and was up 48 sen to RM56.48; F&N added 24 sen to RM18.46, GAB 16 sen to RM13.14, Suria 15 sen to RM1.75, CI Holdings 14 sen to RM1.31, P.I.E. added 12 sen to RM3.96, BIMB 11 sen to RM1.84, Goldis nine sen to RM1.88 while AIRB was up eight sen to RM1.64.

Among banking stocks, RHB Capital gained eight sen to RM6.94, Maybank six sen to RM8.25 while CIMB and Public Bank added two sen each to RM6.86 and RM12.70.

PLANTATION []-related stocks were among the decliners this morning, with KLK down 40 sen to RM22.70, BLD Plantations 16 sen to RM7.14, PPB 14 sen to RM16.22 and Boustead 11 sen to RM5.31.

Other losers included Dutch Lady that fell 40 sen to RM26, Asia File 28 sen to RM3.50, BAT 16 sen to RM48.54, HLFG 12 sen to RM11.58, while Far East and Petronas Dagangan lost 10 sen each to RM7 and RM17.28.

Takaso was the most actively traded counter with 74.8 million shares done. The stock added two sen to 21.5 sen.

Other actives included Sanichi, Envair, Versatile, Kurnia Asia and Flonic.

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