Thursday 22 December 2011

Market Commentary

The FBM KLCI index gained 6.48 points or 0.44% on Thursday. The Finance Index increased 0.77% to 13369.96 points, the Properties Index up 0.88% to 982.1 points and the Plantation Index rose 0.19% to 7923.25 points. The market traded within a range of 8.78 points between an intra-day high of 1491.67 and a low of 1482.89 during the session.

Actively traded stocks include TMCLIFE-WA, SANICHI, HIBISCS-WA, PROTON-CG, PROTON-CH, UTOPIA, FLONIC, UEMLAND, ENVAIR and IRCB. Trading volume decreased to 1204.40 mil shares worth RM1016.97 mil as compared to Wednesday’s 1654.60 mil shares worth RM1320.54 mil.

Leading Movers were MAYBANK (+8 sen to RM8.45), GENTING (+14 sen to RM10.76), TENAGA (+7 sen to RM5.79), CIMB (+5 sen to RM7.00) and HLBANK (+32 sen to RM10.86). Lagging Movers were YTL (-3 sen to RM1.51), YTLPOWR (-2 sen to RM1.80), IOICORP (-1 sen to RM5.14), UMW (-5 sen to RM6.45) and PETCHEM (-1 sen to RM6.19). Market breadth was negative with 290 gainers as compared to 455 losers. -- JF Apex Securities Bhd



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