Thursday 27 October 2011

Market Commentary

The FBM KLCI index gained 13.13 points or 0.90% on Thursday. The Finance Index increased 1.10% to 13291.33 points, the Properties Index up 2.60% to 962.46 points and the Plantation Index rose 1.43% to 7492.46 points. The market traded within a range of 14.29 points between an intra-day high of 1474.27 and a low of 1459.98 during the session.

Actively traded stocks include MBFHLDG-WA, SAAG, HIBISCS-WA, HARVEST-WA, HARVEST, DUTALND, DUTALND-WA, UEMLAND, TIGER and TMS. Trading volume increased to 1877.17 mil shares worth RM2413.17 mil as compared to Tuesday’s 950.64 mil shares worth RM1075.97 mil.

Leading Movers were GENTING (+31 sen to RM10.30), IOICORP (+16 sen to RM5.26), PBBANK (+14 sen to RM12.62), GAMUDA (+20 sen to RM3.37) and PCHEM (+12 sen to RM6.31). Lagging Movers were GENM (-4 sen to RM3.73), MAXIS (-3 sen to RM5.29), PLUS (-2 sen to RM4.39), DIGI (-2 sen to RM31.60) and KLK (-2 sen to RM20.60). Market breadth was positive with 689 gainers as compared to 165 losers. -- JF Apex Securities Bhd
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