Wednesday 22 February 2012

Market Commentary

The FBM KLCI index lost 3.26 points or 0.21% on Wednesday. The Finance Index fell 0.01% to 13949.99 points, the Properties Index dropped 0.44% to 1044.25 points and the Plantation Index down 0.91% to 8666.2 points. The market traded within a range of 6.31 points between an intra-day high of 1565.25 and a low of 1558.94 during the session.

Actively traded stocks include TMS, GOCEAN, IFCAMSC, GPACKET-WA, NICORP, INGENS, FOCUS, MTRONIC, GEFUNG and COMPUGT. Trading volume increased to 2230.80 mil shares worth RM1937.12 mil as compared to Tuesday’s 1894.51 mil shares worth RM1747.28 mil.

Leading Movers were GENTING (+10 sen to RM10.84), TM (+10 sen to RM5.03), TENAGA (+4 sen to RM6.11), RHBCAP (+23 sen to RM7.78) and DIGI (+1 sen to RM4.01). Lagging Movers were IOICORP (-10 sen to RM5.34), PPB (-50 sen to RM17.14), CIMB (-5 sen to RM7.24), GENM (-7 sen to RM3.87) and KLK (-36 sen to RM23.64). Market breadth was negative with 302 gainers as compared to 541 losers. -- JF Apex Securities Bhd



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