Monday 16 January 2012

Market Commentary

The FBM KLCI index lost 14.01 points or 0.92% on Monday. The Finance Index fell 0.59% to 13372.72 points, the Properties Index dropped 0.42% to 1000.21 points and the Plantation Index down 0.91% to 8428.77 points. The market traded within a range of 12.14 points between an intra-day high of 1521.20 and a low of 1509.06 during the session.

Actively traded stocks include COMPUGT, UOADEV, HOVID-WA, AMEDIA, UOADEV-CB, MAYBULK-CC, CIMB, HOVID, JCY-CD and REDTONE. Trading volume decreased to 1435.82 mil shares worth RM1363.76 mil as compared to Friday’s 1766.31 mil shares worth RM1608.93 mil.

Lagging Movers were GENTING (-32 sen to RM10.56), CIMB (-8 sen to RM7.19), TENAGA (-11 sen to RM6.12), IOICORP (-9 sen to RM5.34) and MAYBANK (-7 sen to RM8.19). Market breadth was negative with 207 gainers as compared to 542 losers. -- JF Apex Securities Bhd



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