Friday, 13 January 2012

Limited gains at Asian markets as Spanish, Italy bond sale euphoria fizzles out

KUALA LUMPUR: The FBM KLCI remained relatively muted at the mid-day break while gains at key regional markets appeared capped as the initial euphoria over the successful bond sales in Spain and Italy fizzled out.

The FBM KLCI shed 0.17 of a point to 1,525.39 at the mid-day break.

Gainers trailed losers by 295 to 329, while 320 counters traded unchanged. Volume was 814.47 million shares valued at RM585.57 million.

The ringgit strengthened 0.37% to 3.1305 versus the US dollar; crude palm oil futures for the third month delivery fell RM55 per tonne to RM3,154, crude oil rose 55 cents per barrel to US$99.65 while gold lost US$8.50 an ounce to US$1,641.75.

At the regional markets, Japan’s Nikkei was up 0.96% to 8,465.69, Singapore’s Straits Times Index added 0.76% to 2,764.45, South Korea’s Kospi gained 0.42% to 1,872.47 and Taiwan’s Taiex rose 0.22% to 7,202.13.

Meanwhile, the Shanghai Composite Index fell 1.77% to 2,234.81 and Hong Kong’s Hang Seng Index shed 0.03% to 19,089.40.

On Bursa Malaysia, United PLANTATION []s fell 40 sen to RM19.60, Iretex down 23 sen to 94 sen, F&N down 14 sen to RM18.86, BAT 12 sen to RM49.72, Advanced Packaging 11 sen to RM1.19, Dutch Lady and GAB down 10 sen each to RM26 and RM11.96, while Cview fell 8.5 sen to 59.5 sen.

Compugates was the most actively traded counter with 40 million shares done. The stock gained half a sen to 6.5 sen.

Other actives included Utopia, Proton, Takaso, Berjaya Corp and Nextnation.

Gainers included Malayan Flour Mills, Supermax, Hartalega, Pos Malaysia, Carlsberg, MBM Resources, Kian Joo, Tenaga and Can-One.



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