Thursday 8 December 2011

Market Commentary

The FBM KLCI index lost 10.07 points or 0.68% on Thursday. The Finance Index fell 1.29% to 13062.16 points, the Properties Index dropped 0.76% to 950.49 points and the Plantation Index rose 0.59% to 7929.11 points. The market traded within a range of 7.82 points between an intra-day high of 1477.75 and a low of 1469.93 during the session.

Actively traded stocks include SAAG, VERSATL, SYCAL-WA, DVM, SYCAL, WIJAYA-WA, COMPUGT, PROTON-CG, DRBHCOM-CF and DRBHCOM-CG. Trading volume decreased to 1622.84 mil shares worth RM1175.63 mil as compared to Wednesday’s 2088.21 mil shares worth RM1770.42 mil.

Leading Movers were KLK (+84 sen to RM23.00), GENTING (+12 sen to RM10.88), TENAGA (+6 sen to RM5.52), PPB (+10 sen to RM16.50) and PETCHEM (+1 sen to RM6.09). Lagging Movers were AXIATA (-20 sen to RM4.89), CIMB (-21 sen to RM6.99), MAYBANK (-9 sen to RM8.21), GAM (-12 sen to RM3.28) and IOICORP (-5 sen to RM5.07). Market breadth was negative with 300 gainers as compared to 447 losers. -- JF Apex Securities Bhd



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