Friday 25 November 2011

Market Commentary

The FBM KLCI index lost 16.44 points or 1.14% on Friday. The Finance Index fell 0.79% to 12783.58 points, the Properties Index dropped 0.36% to 942.7 points and the Plantation Index down 0.27% to 7608.73 points. The market traded within a range of 16.50 points between an intra-day high of 1447.11 and a low of 1430.61 during the session.

Actively traded stocks include SUMATEC, MUIIND, JCY-CD, SUMATEC-WA, COMPUGT, JCY, MACRO-WA, TIGER, MBFHLDG-WA and IRCB-WA. Trading volume increased to 1577.79 mil shares worth RM1098.36 mil as compared to Thursday’s 1499.44 mil shares worth RM1077.76 mil.

Leading Movers were AMMB (+8 sen to RM5.64), HLBANK (+22 sen to RM10.42), UMW (+13 sen to RM6.88), MAXIS (+5 sen to RM5.42) and PETDAG (+6 sen to RM16.42). Lagging Movers were AXIATA (-13 sen to RM4.83), GENTING (-26 sen to RM10.02), DIGI (-12 sen to RM3.54) and MISC (-33 sen to RM5.80). Market breadth was negative with 298 gainers as compared to 463 losers. -- JF Apex Securities Bhd



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