Tuesday 17 January 2012

Market Commentary

The FBM KLCI index gained 10.30 points or 0.68% on Tuesday. The Finance Index increased 0.46% to 13433.94 points, the Properties Index up 0.65% to 1006.72 points and the Plantation Index rose 0.27% to 8451.82 points. The market traded within a range of 10.66 points between an intra-day high of 1520.27 and a low of 1509.61 during the session.

Actively traded stocks include PROTON, MAYBULK-CC, COMPUGT, E&O-CB, PROTON-CH, WIJAYA-WA, E&O-CA, REDTONE, CIMB and DRBHCOM-CF. Trading volume increased to 1444.00 mil shares worth RM1787.92 mil as compared to Monday’s 1435.82 mil shares worth RM1363.76 mil.

Leading Movers were GENTING (+44 sen to RM11.00), MAYBANK (+10 sen to RM8.29), TENAGA (+11 sen to RM6.23), PETCHEM (+8 sen to RM6.51) and AMMB (+8 sen to RM5.84). Lagging Movers were CIMB (-3 sen to RM7.16), MMCCORP (-5 sen to RM2.68), DIGI (-1 sen to RM3.85), IOICORP (-1 sen to RM5.33) and YTL (-1 sen to RM1.47). Market breadth was positive with 433 gainers as compared to 330 losers. -- JF Apex Securities Bhd



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