Wednesday 14 December 2011

Market Commentary

The FBM KLCI index lost 2.27 points or 0.15% on Wednesday. The Finance Index increased 0.40% to 13059.67 points, the Properties Index dropped 0.15% to 950.72 points and the Plantation Index down 1.10% to 7897.2 points. The market traded within a range of 7.00 points between an intra-day high of 1466.45 and a low of 1459.45 during the session.

Actively traded stocks include TAKASO, SANICHI, ENVAIR, BIMB-CB, AMEDIA, UTOPIA, FLONIC, KNM-CK, VERSATL and COMPUGT. Trading volume decreased to 1494.84 mil shares worth RM1084.68 mil as compared to Tuesday’s 1829.66 mil shares worth RM1385.36 mil.

Leading Movers were PBBANK (+10 sen to RM12.78), MAYBANK (+6 sen to RM8.25), AXIATA (+2 sen to RM4.87), TM (+4 sen to RM4.62) and HLBANK (+14 sen to RM10.68). Lagging Movers were GENTING (-22 sen to RM10.42), KLK (-50 sen to RM22.60), AMMB (-10 sen to RM5.76), GENM (-5 sen to RM3.85) and IOICORP (-3 sen to RM5.09). Market breadth was negative with 309 gainers as compared to 412 losers. -- JF Apex Securities Bhd



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