Tuesday 6 December 2011

KLCI closes lower in line with weaker regional sentiment

KUALA LUMPUR (Dec 6): The FBM KLCI closed lower on Tuesday, in line with the weaker sentiment at key regional markets.

Asian and European stocks, bond futures, and the euro were sent reeling on Tuesday by the shock warning from Standard & Poor's that it might downgrade euro zone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week, according to Reuters.

The FBM KLCI fell 9.03 points to close at 1,480.92.

Losers led gainers by 493 to 255, while 281 counters traded unchanged. Volume was 2.26 billion shares valued at RM1.31 billion.

At the regional markets, Hong Kong’s Hang Seng Index fell 1.24% to 18,942.23, Taiwan’s Taiex lost 2% to 6,956.28, Japan’s Nikkei 225 was down 1.39% to 8,575.16, South Korea’s Kospi fell 1.04% to 1,902.82, the Shanghai Composite Index lost 0.31% to 2,325.90 and Singapore’s Straits Times Index fell 0.61% to 2,749.24.

Among the decliners on Bursa Malaysia, KLK fell 30 sen to RM21.68, Tasek 20 sen to RM7.80, Proton 19 sen to RM4.31, Aeon 15 sen to RM7.20, BAT 14 sen to RM47.96, Yahorng 13 sen to 47 sen, while BRDB and CIMB fell 12 sen each to RM2.02 and RM7.09.

Orient was the top gainer and rose 31 sen to RM4.79; Dutch Lady and LPI Capital added 20 sen each to RM25.10 and RM13.10, SHL added up 15 sen to RM1.30, Tradewinds PLANTATION []s 14 sen to RM4.56, South Acids 13 sen to RM2.32, while United Plantations and Malpac were up 12 sen each to RM18.48 and RM1.40.

Utopia was the most actively traded counter with 160 million shares done. The stock added two sen to 12 sen.

Other actives included Sanichi, Compugates, Proton securities, MBF Holdings warrants and DRB-Hicom securities.



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