Wednesday 11 January 2012

Market Commentary

The FBM KLCI index gained 0.30 points or 0.02% on Wednesday. The Finance Index fell 0.11% to 13437.02 points, the Properties Index up 0.42% to 1004.79 points and the Plantation Index rose 0.35% to 8537.97 points. The market traded within a range of 5.14 points between an intra-day high of 1523.94 and a low of 1518.80 during the session.

Actively traded stocks include TAKASO, MUDAJYA-CG, HUBLINE, MAS-CD, MAS-CE, HIBISCS, MAS-CC, HIBISCS-WA, IRIS and XDL. Trading volume increased to 1910.79 mil shares worth RM1941.53 mil as compared to Tuesday’s 1858.39 mil shares worth RM1872.05 mil.

Leading Movers were IOICORP (+10 sen to RM5.49), TENAGA (+9 sen to RM6.16), PETCHEM (+10 sen to RM6.46), SIME (+7 sen to RM9.15) and GENM (+2 sen to RM3.90). Lagging Movers were AXIATA (-7 sen to RM4.92), GENTING (-14 sen to RM10.76), TM (-8 sen to RM4.83), AMMB (-8 sen to RM5.74) and MAYBANK (-2 sen to RM8.22). Market breadth was positive with 437 gainers as compared to 384 losers. -- JF Apex Securities Bhd



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