KUALA LUMPUR (Dec 22): The FBM KLCI slipped at mid-morning on Thursday in line with the key regional markets and the lackluster close at Wall Street as the initial excitement over the inaugural long-term European Central Bank tender fizzled out, and concerns over the eurozone debt crisis re-surfaced.
At 10am, the FBM KLCI shed 0.26 point to 1.484.72.
Losers edged gainers by 248 to 153, while 204 counters traded unchanged. Volume was 298.13 million shares valued at RM128.88 million.
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.
At the regional markets, Japan’s Nikkei 225 was down 0.50% to 8,417.78, Hong Kong’s Hang Seng Index shed 0.30% to 18,360.63, the Shanghai Composite Index fell 0.60% to 2,177.90, Taiwan’s Taiex was down 0.11% to 6,958.53, South Korea’s Kospi was shed 0.16% to 1,845.46 and Singapore’s Straits Times Index fell 0.13% to 2,669.97.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients on Thursday said the FBM KLCI’s resistance areas of 1,487 and 1,510 could cap market gains, whilst the obvious support areas may be located at 1,466 and 1,484.
“Due to the US markets’ mixed tone last night, we may have a quiet and benign day today,” he said.
On Bursa Malaysia, Jaya Tiasa fell nine sen to RM6.90, Uzma lost seven sen to RM1.55, Mahajaya down 6.5 sen to 61 sen, Batu Kawan and Public Bank fell six sen each to RM17 and RM13.14. while YHS, RHB Capital and MISC fell five sen each to RM1.69, RM6.96 and RM5.50 respectively.
Among the gainers, KLK added 20 sen to RM22.20, F&N and Malayan Flour Mills 18 sen each to RM18.08 and RM7.48, Top Glove 14 sen to RM4.60, while PPB, Nestle and Supermax added 12 sen each to RM16.98, RM56.30 and RM3.60.
The actives included Sanichi, IRCB, TMS, Rimbunan Sawit, Envair and Utopia.
At 10am, the FBM KLCI shed 0.26 point to 1.484.72.
Losers edged gainers by 248 to 153, while 204 counters traded unchanged. Volume was 298.13 million shares valued at RM128.88 million.
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.
At the regional markets, Japan’s Nikkei 225 was down 0.50% to 8,417.78, Hong Kong’s Hang Seng Index shed 0.30% to 18,360.63, the Shanghai Composite Index fell 0.60% to 2,177.90, Taiwan’s Taiex was down 0.11% to 6,958.53, South Korea’s Kospi was shed 0.16% to 1,845.46 and Singapore’s Straits Times Index fell 0.13% to 2,669.97.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients on Thursday said the FBM KLCI’s resistance areas of 1,487 and 1,510 could cap market gains, whilst the obvious support areas may be located at 1,466 and 1,484.
“Due to the US markets’ mixed tone last night, we may have a quiet and benign day today,” he said.
On Bursa Malaysia, Jaya Tiasa fell nine sen to RM6.90, Uzma lost seven sen to RM1.55, Mahajaya down 6.5 sen to 61 sen, Batu Kawan and Public Bank fell six sen each to RM17 and RM13.14. while YHS, RHB Capital and MISC fell five sen each to RM1.69, RM6.96 and RM5.50 respectively.
Among the gainers, KLK added 20 sen to RM22.20, F&N and Malayan Flour Mills 18 sen each to RM18.08 and RM7.48, Top Glove 14 sen to RM4.60, while PPB, Nestle and Supermax added 12 sen each to RM16.98, RM56.30 and RM3.60.
The actives included Sanichi, IRCB, TMS, Rimbunan Sawit, Envair and Utopia.
