Wednesday 23 November 2011

Market Commentary

The FBM KLCI index lost 4.82 points or 0.34% on Wednesday. The Finance Index fell 0.48% to 12778.77 points, the Properties Index dropped 0.89% to 942.36 points and the Plantation Index down 0.16% to 7571.21 points. The market traded within a range of 15.27 points between an intra-day high of 1439.46 and a low of 1424.19 during the session.

Actively traded stocks include MBFHLDG-WA, SUMATEC, SUMATEC-WA, DPS, DPS-WA, TIGER, COMPUGT, HIBISCS-WA, BIOSIS-WA and KBUNAI. Trading volume increased to 1508.59 mil shares worth RM1127.55 mil as compared to Tuesday’s 1271.69 mil shares worth RM1043.64 mil.

Leading Movers were MISC (+13 sen to RM6.20), KLK (+38 sen to RM21.38), UMW (+14 sen to RM6.57), BAT (+72 sen to RM47.50) and YTLPOWR (+3 sen to RM1.80). Lagging Movers were TENAGA (-17 sen to RM5.37), CIMB (-8 sen to RM6.68), IOICORP (-6 sen to RM4.92), GENTING (-10 sen to RM10.12) and PBBANK (-6 sen to RM12.36). Market breadth was negative with 281 gainers as compared to 450 losers. -- JF Apex Securities Bhd



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