Thursday 17 November 2011

Market Commentary

The FBM KLCI index lost 11.37 points or 0.77% on Thursday. The Finance Index fell 0.74% to 13073.88 points, the Properties Index dropped 0.04% to 971.44 points and the Plantation Index down 0.77% to 7628.12 points. The market traded within a range of 11.33 points between an intra-day high of 1476.80 and a low of 1465.47 during the session.

Actively traded stocks include COMPUGT, DPS-WA, SUMATEC, DPS, MALTON-WB, HIBISCS-WA, SUMATEC-WA, FRONTKN, FRONTKN-WA and MALTON. Trading volume decreased to 1585.71 mil shares worth RM1175.42 mil as compared to Wednesday’s 2031.51 mil shares worth RM1468.73 mil.

Leading Movers were PBBANK (+8 sen to RM12.68), PETCHEM (+4 sen to RM6.25), DIGI (+6 sen to RM34.82), UMW (+4 sen to RM6.60) and AMMB (+1 sen to RM5.66). Lagging Movers were CIMB (-19 sen to RM6.87), IOICORP (-14 sen to RM5.09), GENTING (-20 sen to RM10.68), MAYBANK (-9 sen to RM8.30) and TENAGA (-9 sen to RM5.65). Market breadth was negative with 344 gainers as compared to 378 losers.-- JF Apex Securities Bhd



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