Tuesday, 25 October 2011

Market Commentary

The FBM KLCI index gained 7.78 points or 0.54% on Tuesday. The Finance Index increased 0.36% to 13147.14 points, the Properties Index dropped 0.10% to 938.06 points and the Plantation Index rose 0.43% to 7386.56 points. The market traded within a range of 9.68 points between an intra-day high of 1457.80 and a low of 1448.12 during the session.

Actively traded stocks include HARVEST-WA, HARVEST , MBSB-WA, MBFHLDG-WA, REDTONE, AIRASIA, TMS, REDTONE-WA, SYSTECH and HUBLINE. Trading volume decreased to 950.64 mil shares worth RM1075.97 mil as compared to Monday’s 1238.47 mil shares worth RM1313.79 mil.

Leading Movers were SIME (+21 sen to RM8.85), TENAGA (+19 sen to RM5.78), CIMB (+7 sen to RM7.26), IOICORP (+7 sen to RM5.10) and MAYBANK (+2 sen to RM8.27). Lagging Movers were YTL (-2 sen to RM1.49), GENTING (-3 sen to RM9.99), PBBANK (-2 sen to RM12.48), AMMB (-3 sen to RM5.84) and AXIATA (-1 sen to RM4.84). Market breadth was negative with 299 gainers as compared to 373 losers. -- JF Apex Securities Bhd
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