Friday, 6 January 2012

KLCI wraps up choppy first trading week of New Year in negative territory

KUALA LUMPUR (Jan 6): The FBM KLCI pared down some of its earlier losses on Friday as it ended a choppy first trading week in negative territory, while most regional markets fell more than 1% on growing worries over the lingering eurozone debt crisis.

The FBM KLCI closed 0.30 point lower at 1,514.13, weighed by losses at select blue chips.

Losers edged gainers by 391 to 377, while 299 counters traded unchanged. Volume was 1.47 billion shares valued at RM1.39 billion.

At the regional markets, Hong Kong’s Hang Seng Index fell 1.17% to 18,593.06, Japan’s Nikkei 225 lost 1.16% to 8,390.35, South Korea’s Kospi was down 1.11% to 1,843.14 and Taiwan’s Taiex shed 0.15% to 7,120.51.

Meanwhile, European shares edged up in early trade on Friday, ahead of the closely-watched US nonfarm payrolls report, which may provide more evidence of the world's biggest economy strengthening, according to Reuters.

US nonfarm payrolls, due at 1330 GMT, may have risen by 150,000 in December, according to a survey. Hopes of an even stronger number were driven by data on Thursday, showing more than twice the expected number of private sector jobs were added in December while initial jobless claims dropped 15,000 in the latest week, it said.

On Bursa Malaysia, BAT fell 90 sen to RM48.76, KLK down 62 sen to RM24.64, Tradewinds PLANTATION []s and SOP down 17 sen each to RM4.33 and RM5.78, Boxpak down 14 sen to RM2.38, BHIC 13 sen to RM3.98, Gamuda nine sen to RM3.36, Kulim eight sen to RM4.30 while Jetson and Daibochi fell seven sen each to RM1.25 and RM2.82.

Among the gainers, BLD Plantations added 40 sen to RM8, Batu Kawan 30 sen to RM18.48, F&N 26 sen to RM18.50, Maybulk 25 sen to RM1.79, Can-One 22 sen to RM1.59, Dutch Lady 20 sen to RM25.20, Puncak Niaga 18.5 sen to RM1.16, HLFG 16 sen to RM11.72, KPS up 15.5 sen to RM1.05 and Eng Teknologi 15 sen to RM1.69.

Nextnation was the most actively traded counter with 60.65 million shares done. The stock rose three sen to 11.5 sen.

Other actives included Hibiscus, Unisem, XDL, Maybulk, Utopia and JCY.



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