Thursday 10 November 2011

Market Commentary

The FBM KLCI index lost 16.99 points or 1.14% on Thursday. The Finance Index fell 0.74% to 13183.47 points, the Properties Index dropped 1.52% to 945 points and the Plantation Index down 1.31% to 7486.92 points. The market traded within a range of 8.48 points between an intra-day high of 1474.73 and a low of 1466.25 during the session.

Actively traded stocks include PATIMAS, ESCERAM, SUMATEC, SAAG, SUMATEC-WA, TRINITY, TIGER, HUBLINE, DATAPRP and IRIS. Trading volume decreased to 2644.11 mil shares worth RM1462.10 mil as compared to Wednesday’s 2677.72 mil shares worth RM1818.10 mil.

Leading Movers were MAYBANK (+2 sen to RM8.24) and MAXIS (+1 sen to RM5.27). Lagging Movers were GENTING (-32 sen to RM10.68), IOICORP (-12 sen to RM5.05), CIMB (-10 sen to RM7.26), TENAGA (-13 sen to RM5.79) and AXIATA (-6 sen to RM4.90). Market breadth was negative with 227 gainers as compared to 568 losers.-- JF Apex Securities Bhd
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