Tuesday, 1 November 2011

Market Commentary

The FBM KLCI index lost 16.25 points or 1.09% on Tuesday. The Finance Index fell 0.45% to 13433.37 points, the Properties Index dropped 1.87% to 947.79 points and the Plantation Index down 1.06% to 7484.96 points. The market traded within a range of 11.29 points between an intra-day high of 1485.90 and a low of 1474.61 during the session.

Actively traded stocks include GPRO, MBSB-WA, MAXBIZ, MBSB, JCY, MBSB-CA, AIRASIA, HIRO-WA, SUMATEC and SUMATEC-WA. Trading volume decreased to 1193.45 mil shares worth RM1293.60 mil as compared to Monday’s 1331.98 mil shares worth RM1581.95 mil.

Leading Movers were PBBANK (+4 sen to RM12.76), HLBANK (+12 sen to RM10.72), MAYBANK (+1 sen to RM8.37), PETGAS (+4 sen to RM13.14) and KLK (+4 sen to RM21.10). Lagging Movers were GENTING (-36 sen to RM10.40), IOICORP (-16 sen to RM5.09), TENAGA (-17 sen to RM5.81), GENM (-16 sen to RM3.69) and CIMB (-8 sen to RM7.49). Market breadth was negative with 198 gainers as compared to 583 losers.-- JF Apex Securities Bhd
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