Wednesday 21 December 2011

Market Commentary

The FBM KLCI index gained 19.81 points or 1.35% on Wednesday. The Finance Index increased 1.43% to 13267.64 points, the Properties Index up 0.60% to 973.57 points and the Plantation Index rose 0.75% to 7907.88 points. The market traded within a range of 15.07 points between an intra-day high of 1487.15 and a low of 1472.08 during the session.

Actively traded stocks include TMS-OR, UTOPIA, HIBISCS-WA, TMS, HIRO-WA, SANICHI, MYETFDJ, MAXBIZ, JCY-CD and VASTALX. Trading volume increased to 1654.60 mil shares worth RM1320.54 mil as compared to Tuesday’s 1642.89 mil shares worth RM1243.57 mil.

Leading Movers were TENAGA (+22 sen to RM5.72), MAYBANK (+13 sen to RM8.37), GENTING (+26 sen to RM10.62), PBBANK (+20 sen to RM13.20) and IOICORP (+10 sen to RM5.15). Lagging Movers were PETDAG (-4 sen to RM16.96) and BAT (-4 sen to RM47.96) Market breadth was positive with 405 gainers as compared to 307 losers. -- JF Apex Securities Bhd



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