KUALA LUMPUR (Jan 11): The FBM KLCI extended its losses at the mid-day break on Wednesday and fell below the 1,520-point level, weighed by select blue chips.
The FBM KLCI was down 2.20 points to 1,519.79 at the mid-day break.
Gainers edged losers by 344 to 327, while 303 counters traded unchanged. Volume was 1.11 billion shares valued at RM903.12 million.
The ringgit weakened 0.05% to 3.1348 versus the US dollar; crude palm oil futures for the third month delivery fell RM13 per tonne to RM3,196, crude oil shed 45 cents per barrel to US$101.79 while gold added US$4.58 an ounce to US$1,636.93.
At the regional markets, Japan’s Nikkei 225 rose 0.17% to 8,436.41, Hong Hong’s Hang Seng Index up 0.09% to 19,020.85, Taiwan’s Taiex added 0.39% to 7,206.95 and Singapore’s Straits Times Index gained 0.32% to 2,728.66.
The Shanghai Composite Index fell 0.42% to 2,276.15 and South Korea’s Kospi lost 0.19% to 1,849.64.
Among the decliners on Bursa Malaysia, Super Enterprise fell 19 sen to 76 sen, PPB down 12 sen to RM17.08, GAB lost 10 sen to RM12.32, United Malacca, Telekom, Tradewinds and Harvest Court down nine sen each to RM6.70, RM4.82, RM9.58 and RM1.51 respectively, while KLK and Carlsberg lost eight sen each to RM24.76 and RM8.73.
Meanwhile, glove makers were in focus as investors viewed the softening natural rubber prices as positive for the companies.
Furthermore, Supermax Corp Bhd executive chairman Datuk Seri Stanley Thai said the company was expecting to achieve net profit between RM100 million to RM110 million and sales of RM1 billion for FY2011 ended Dec 31.
He said natural rubber price expected to fall to between RM5.50 to RM6 in 1QCY2012 and expected a better FY2012 due to softening natural rubber price and stable forex.
Among glove makers, Supermax rose 37 sen to RM4.30, Kossan 19 sen to RM3.49, Top Glove 17 sen to RM5.23, Hartalega 15 sen to RM6.15, Adventa 13 sen to RM1.72 and Latexx 11 sen to RM2.02.
Takaso was the most actively traded counter with 62.5 million shares done. The stock added 1.5 sen to 26 sen.
Other actives included Mudajaya, Hubline, Supermax and Maybulk.
The FBM KLCI was down 2.20 points to 1,519.79 at the mid-day break.
Gainers edged losers by 344 to 327, while 303 counters traded unchanged. Volume was 1.11 billion shares valued at RM903.12 million.
The ringgit weakened 0.05% to 3.1348 versus the US dollar; crude palm oil futures for the third month delivery fell RM13 per tonne to RM3,196, crude oil shed 45 cents per barrel to US$101.79 while gold added US$4.58 an ounce to US$1,636.93.
At the regional markets, Japan’s Nikkei 225 rose 0.17% to 8,436.41, Hong Hong’s Hang Seng Index up 0.09% to 19,020.85, Taiwan’s Taiex added 0.39% to 7,206.95 and Singapore’s Straits Times Index gained 0.32% to 2,728.66.
The Shanghai Composite Index fell 0.42% to 2,276.15 and South Korea’s Kospi lost 0.19% to 1,849.64.
Among the decliners on Bursa Malaysia, Super Enterprise fell 19 sen to 76 sen, PPB down 12 sen to RM17.08, GAB lost 10 sen to RM12.32, United Malacca, Telekom, Tradewinds and Harvest Court down nine sen each to RM6.70, RM4.82, RM9.58 and RM1.51 respectively, while KLK and Carlsberg lost eight sen each to RM24.76 and RM8.73.
Meanwhile, glove makers were in focus as investors viewed the softening natural rubber prices as positive for the companies.
Furthermore, Supermax Corp Bhd executive chairman Datuk Seri Stanley Thai said the company was expecting to achieve net profit between RM100 million to RM110 million and sales of RM1 billion for FY2011 ended Dec 31.
He said natural rubber price expected to fall to between RM5.50 to RM6 in 1QCY2012 and expected a better FY2012 due to softening natural rubber price and stable forex.
Among glove makers, Supermax rose 37 sen to RM4.30, Kossan 19 sen to RM3.49, Top Glove 17 sen to RM5.23, Hartalega 15 sen to RM6.15, Adventa 13 sen to RM1.72 and Latexx 11 sen to RM2.02.
Takaso was the most actively traded counter with 62.5 million shares done. The stock added 1.5 sen to 26 sen.
Other actives included Mudajaya, Hubline, Supermax and Maybulk.
