Wednesday 9 November 2011

Market Commentary

The FBM KLCI index gained 9.18 points or 0.62% on Wednesday. The Finance Index increased 0.19% to 13282.17 points, the Properties Index up 0.90% to 959.54 points and the Plantation Index rose 0.37% to 7586.04 points. The market traded within a range of 9.53 points between an intra-day high of 1490.74 and a low of 1481.21 during the session.

Actively traded stocks include HIBISCS-WA, TEJARI, ASUPREM, DATAPRP, EMICO, HIBISCS, COMPUGT, GPRO, JCY and JCY-CD. Trading volume increased to 2677.72 mil shares worth RM1818.10 mil as compared to Tuesday’s 1812.89 mil shares worth RM1538.64 mil.

Leading Movers were AXIATA (+13 sen to RM4.96), SIME (+12 sen to RM8.92), GENTING (+14 sen to RM11.00), PETCHEM (+7 sen to RM6.48) and CIMB (+4 sen to RM7.36). Lagging Movers were KLK (-6 sen to RM21.14), GENM (-1 sen to RM3.86), AMMB (-1 sen to RM5.83), UMW (-2 sen to RM6.85) and HLFG (-2 sen to RM11.88). Market breadth was positive with 562 gainers as compared to 222 losers.-- JF Apex Securities Bhd
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