Tuesday, 6 December 2011

Market Commentary

The FBM KLCI index lost 9.03 points or 0.61% on Tuesday. The Finance Index fell 0.72% to 13183.5 points, the Properties Index dropped 0.59% to 951.65 points and the Plantation Index down 0.37% to 7848.06 points. The market traded within a range of 6.69 points between an intra-day high of 1484.81 and a low of 1478.12 during the session.

Actively traded stocks include UTOPIA, WIJAYA-WA, SANICHI, COMPUGT, PROTON-CG, UTOPIA-WA, MLAB-WA, MLAB, MBFHLDG-WA and DRBHCOM-CG. Trading volume decreased to 2261.26 mil shares worth RM1304.55 mil as compared to Monday’s 2329.37 mil shares worth RM1333.67 mil.

Leading Movers were PBBANK (+6 sen to RM12.72), MAXIS (+5 sen to RM5.50) and PETGAS (+2 sen to RM13.98). Lagging Movers were CIMB (-12 sen to RM7.09), MAYBANK (-9 sen to RM8.20), TENAGA (-7 sen to RM5.65), GENTING (-10 sen to RM10.82) and AXIATA (-4 sen to RM4.95). Market breadth was negative with 255 gainers as compared to 493 losers.



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