Friday, 27 January 2012

KLCI dips on mild profit taking, lags regional markets

KUALA LUMPUR (Jan 27): The FBM KLCI fell on Friday, and lagged key regional markets as mild profit taking chipped off some of the previous day’s gains.

The FBM KLCI closed 2.96 points lower at 1,520.90, weighed by losses at select blue chips.

Gainers led losers by 459 to 370, while 292 counters traded unchanged. Volume was 2.28 billion shares valued at RM1.85 billion.

At the regional markets, Hong Kong’s Hang Seng Index rose 0.31% to 20,501.67, South Korea’s Kospi gained 0.39% to 1,964.83 and Singapore’s Straits Times Index rose 0.75% to 2,916.26, while Japan’s Nikkei 225 fell 0.09% to 8,841.22.

The China and Taiwan stock markets are closed for the Chinese New Year holidays.

Meanwhile, European shares retreated from a six-month high on Friday, in a mild technical pullback after the previous session's strong rally and with Greek debt talks still firmly in focus, although equities still remain on course for their sixth week of gains, according to Reuters.

On Bursa Malaysia, HLFG lost 36 sen to RM11.90, Genting PLANTATION []s down 15 sen to RM9.50, Warisan, MPI and CIMB fell 11 sen each to RM2.55, RM3.58 and RM6.86 respectively, while Sunchirin, NCB, Metrod and Yinson lost 10 sen each to RM1.65, RM3.90, RM1.95 and RM1.98 respectively.

Among the gainers, Bintulu Port added 32 sen to RM7, Boxpak up 28 sen to RM2.64, IJM Corp 25 sen to RM5.70, Lysaght 23 sen to RM1.90, Eng Kah 22 sen to RM3.50, Hartalega, DRB-Hicom and Maybulk gained 21 sen each to RM6.90, RM2.71 and RM2.65, while Southern Acids added 19 sen to RM2.40.

The actives included TMS, Compugates, DRB-Hicom, Karyon, DBE Gurney and Maybulk.



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