Thursday, 24 November 2011

Market Commentary

The FBM KLCI index gained 14.82 points or 1.03% on Thursday. The Finance Index increased 0.84% to 12885.97 points, the Properties Index up 0.40% to 946.14 points and the Plantation Index rose 0.77% to 7629.34 points. The market traded within a range of 21.35 points between an intra-day high of 1447.99 and a low of 1426.64 during the session.

Actively traded stocks include MBFHLDG-WA, JCY-CD, COMPUGT, JCY, SUMATEC, DPS, EMICO, MARCO-WA, KBUNAI and KNM. Trading volume decreased to 1499.44 mil shares worth RM1077.76 mil as compared to Wednesday’s 1508.59 mil shares worth RM1127.55 mil.

Leading Movers were AXIATA (+22 sen to RM4.96), SIME (+15 sen to RM8.88), CIMB (+11 sen to RM6.79), TM (+22 sen to RM4.44) and GENTING (+16 sen to RM10.28). Lagging Movers were DIGI (-6 sen to RM3.66), MISC (-7 sen to RM6.13), YTL (-1 sen to RM1.39), BAT (-26 sen to RM47.24) and PETCHEM (-1 sen to RM5.92). Market breadth was positive with 440 gainers as compared to 277 losers. -- JF Apex Securities Bhd



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