Monday 31 October 2011

Market Commentary

The FBM KLCI index gained 10.07 points or 0.68% on Monday. The Finance Index increased 0.55% to 13494.2 points, the Properties Index dropped 0.10% to 965.87 points and the Plantation Index rose 0.94% to 7565.3 points. The market traded within a range of 17.57 points between an intra-day high of 1493.28 and a low of 1475.71 during the session.

Actively traded stocks include JCY, MAA, ZELAN, JCY-CD, OLYMPIA, IRCB, BORNOIL, MBFHLDG-WA, TMS and KURASIA. Trading volume decreased to 1331.98 mil shares worth RM1581.95 mil as compared to Friday’s 1877.90 mil shares worth RM2295.28 mil.

Leading Movers were CIMB (+11 sen to RM7.57), IOICORP (+11 sen to RM5.25), TENAGA (+12 sen to RM5.98), GENTING (+16 sen to RM10.76) and PBBANK (+10 sen to RM12.72). Lagging Movers were YTL (-2 sen to RM1.49), GAMUDA (-3 sen to RM3.40), HLBANK (-3 sen to RM10.60), TM (-1 sen to RM4.24) and PETDAG (-2 sen to RM16.30). Market breadth was positive with 426 gainers as compared to 318 losers.-- JF Apex Securities Bhd
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