Wednesday 28 December 2011

Market Commentary

The FBM KLCI index gained 3.20 points or 0.21% on Wednesday. The Finance Index increased 0.18% to 13374.22 points, the Properties Index up 0.37% to 993.94 points and the Plantation Index rose 0.34% to 8068.86 points. The market traded within a range of 9.02 points between an intra-day high of 1504.54 and a low of 1495.52 during the session.

Actively traded stocks include UTOPIA, PROTON-CG, JCY-CD, UTOPIA-WA, SANICHI, PROTON-CH, SUMATEC, JCY, VASTALX and SUMATEC-WA. Trading volume increased to 1272.73 mil shares worth RM904.21 mil as compared to Tuesday’s 993.76 mil shares worth RM743.83 mil.

Leading Movers were PETGAS (+70 sen to RM15.10), CIMB (+5 sen to RM7.10), IOICORP (+3 sen to RM5.29), AXIATA (+1 sen to RM4.99) and DIGI (+1 sen to RM3.79). Lagging Movers were PETCHEM (-4 sen to RM6.15), TM (-4 sen to RM4.96), SIME (-1 sen to RM8.99), TENAGA (-1 sen to RM5.79) and HLFG (-12 sen to RM11.68). Market breadth was positive with 386 gainers as compared to 314 losers. -- JF Apex Securities Bhd



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