KUALA LUMPUR (Feb 15): The FBM KLCI fell below the 1,560-level at mid-morning on Wednesday, weighed by select blue chips in cautious trade ahead of domestic economic growth data scheduled for release later in the day.
The FBM KLCI fell 7.06 points to 1,558.99 at 10am, weighed by select blue chips including BAT, PPB and Petronas Gas.
Gainers trailed losers by 162 to 300, while 271 counters traded unchanged. Volume was 419.75 million shares valued at RM223.51 million.
At the regional markets, Japan’s Nikkei 225 rose 1.02% to 9,144.15, Hong Kong’s Hang Seng Index added 0.43% to RM21,008.50, Taiwan’s Taiex was up 0.54% to 7,926.44, South Korea’s Kospi gained 0.55% to 2,013.69, Singapore’s Straits Times Index edged up 0.08% to 2,989.81 while the Shanghai Composite Index was flat at 2,344.86.
BIMB Securities Research in a note Wednesday said European shares closed lower yesterday after lower than expected US retail sales.
European officials jacked up the pressure on the Greek government to deliver budget cuts in exchange for a second bailout as they insisted that default is not an option, it said.
“Meanwhile in the US, stocks were near lows on earlier trading worries that euro zone finance ministers appeared unlikely to release the Greek bailout funds as hoped, however they retreated in the final half hour spurred by optimism that Greece will commit to budget cuts stopped short of erasing a huge decline in the S&P 500 while the DJI added 0.03%.
“Back home, the FBMKLCI remains positive, adding another 3.23 points to 1,566 and we expect it to test its immediate resistance of 1,570, followed by 1,580 today while support remains at 1,560,” it said.
On Bursa Malaysia, BAT fell 46 sen to RM51.32, United PLANTATION []s down 14 sen to RM22.24, GAB, PPB, Petronas Gas, Hartalega and F&N fell 10 sen each to RM12.50, RM17.60, RM16.64, RM8.16 and RM17.590 respectively, Carlsberg was down eight sen to RM9.48, Bursa seven sen to RM7.40 and Multico shed six sen to RM1.20.
Naim Indah Corp was the most actively traded counter with 49.14 million shares done. The stock fell 1.5 sen to 46.5 sen.
Other actives included TMS, MBF Holdings warrants, Scanwolf, RCE Capital, Envair, TMC Life and Green Packet.
The advancing stocks included Dialog, Petronas Dagangan, TMS, Jaya Tiasa, Boxpak, Apollo, Brahims, Kulim and Jetson.
The FBM KLCI fell 7.06 points to 1,558.99 at 10am, weighed by select blue chips including BAT, PPB and Petronas Gas.
Gainers trailed losers by 162 to 300, while 271 counters traded unchanged. Volume was 419.75 million shares valued at RM223.51 million.
At the regional markets, Japan’s Nikkei 225 rose 1.02% to 9,144.15, Hong Kong’s Hang Seng Index added 0.43% to RM21,008.50, Taiwan’s Taiex was up 0.54% to 7,926.44, South Korea’s Kospi gained 0.55% to 2,013.69, Singapore’s Straits Times Index edged up 0.08% to 2,989.81 while the Shanghai Composite Index was flat at 2,344.86.
BIMB Securities Research in a note Wednesday said European shares closed lower yesterday after lower than expected US retail sales.
European officials jacked up the pressure on the Greek government to deliver budget cuts in exchange for a second bailout as they insisted that default is not an option, it said.
“Meanwhile in the US, stocks were near lows on earlier trading worries that euro zone finance ministers appeared unlikely to release the Greek bailout funds as hoped, however they retreated in the final half hour spurred by optimism that Greece will commit to budget cuts stopped short of erasing a huge decline in the S&P 500 while the DJI added 0.03%.
“Back home, the FBMKLCI remains positive, adding another 3.23 points to 1,566 and we expect it to test its immediate resistance of 1,570, followed by 1,580 today while support remains at 1,560,” it said.
On Bursa Malaysia, BAT fell 46 sen to RM51.32, United PLANTATION []s down 14 sen to RM22.24, GAB, PPB, Petronas Gas, Hartalega and F&N fell 10 sen each to RM12.50, RM17.60, RM16.64, RM8.16 and RM17.590 respectively, Carlsberg was down eight sen to RM9.48, Bursa seven sen to RM7.40 and Multico shed six sen to RM1.20.
Naim Indah Corp was the most actively traded counter with 49.14 million shares done. The stock fell 1.5 sen to 46.5 sen.
Other actives included TMS, MBF Holdings warrants, Scanwolf, RCE Capital, Envair, TMC Life and Green Packet.
The advancing stocks included Dialog, Petronas Dagangan, TMS, Jaya Tiasa, Boxpak, Apollo, Brahims, Kulim and Jetson.
