Thursday 22 December 2011

KLCI edges up marginally at mid-day, but sentiment remains jittery

KUALA LUMPUR (Dec 22): The FBM KLCI edged up marginally at the mid-day break on Thursday, while key regional markets slipped as lingering concerns over the eurozone debt crisis kept investor sentiment jittery.

Asian shares and the euro eased on Thursday as doubts remained over how much of the funds banks raised from an inaugural long-term European Central Bank tender will actually flow into struggling euro zone economies and help restore confidence, according to Reuters.

The FBM KLCI edged up 0.79 point to 1,485.77 at the mid-day break, lifted by select blue chips.

Gainers trailed losers by 212 to 380, while 274 counters traded unchanged. Volume was 629.41 million shares valued at RM397.79 million.

The ringgit weakened 0.53% to 3.1778; crude palm oil futures for the third month delivery rose RM13 per tonne to RM3,085; crude oil added 18 cents per barrel to US$98.85 while gold fell US$4.78 an ounce to US$1,610.45.

At the regional markets, Japan’s Nikkei 225 fell 0.58% to 8,411.33, Hong Kong’s Hang Seng Index lost 0.53% to 18,318.39, the Shanghai Composite Index was down 0.44% to 2,181.52, Singapore’s Straits Times Index lost 0.39% to 2,662.79, South Korea’s Kospi fell 0.23% to 1,844.20 and Taiwan’s Taeix shed 0.07% to 6,961.34.

On Bursa Malaysia, Boustead added 14 sen to RM5.80, Nestle and Top Glove added 12 sen each to RM56.30 and RM4.58, Supermax gained 11 sen to RM3.59, while PPB, Hartalega and Petronas Dagangan gained 10 sen each to RM16.96, RM5.65 and RM17.06 respectively.

Among banking stocks, Hong Leong Bank gained six sen to RM10.60, CIMB four sen to RM6.99 and Maybank one sen to RM8.38.

BAT was the top loser this morning and fell 28 sen to RM47.68; Petrol One down 13 sen to 84 sen, KAF 10 sen to RM1.62, Sungei Bagan seven sen to RM2.80, Mahajaya down 6.5 sen to 61 sen, while Utusan, Uzma, Batu Kawan, Quality Concrete and Kluang lost six sen each to 72 sen, RM1.56, RM17, RM1.24 and RM2.60 respectively.

Meanwhile, the actively traded stocks included TMC Life, Hibiscus, Sanichi, Flonic, IRCB, Envair and Rimbunan Sawit.



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