KUALA LUMPUR (Feb 3): The FBM KLCI remained in negative territory at mid-morning on Friday as losses at select blue chips on mild profit taking ahead of the extended weekend weighed on the index.
At 10am, the FBM KLCI fell 4.69 points to 1,532.40, weighed by losses including at Petronas Dagangan, KLK, Genting and Hong Leong Bank.
Losers led gainers by 337 to 175, while 285 counters traded unchanged. Volume was 583.87 million shares valued at RM349.53 million.
Asian shares and major currencies were stuck in ranges on Friday ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on, according to Reuters.
At the regional markets, Japan’s Nikkei shed 0.33% to 8,847.50, Hong Kong’s Hang Seng Index was down 0.18% to 20,703.00, the Shanghai Composite Index fell 0.30% to 2,305.53 and South Korea’s Kospi lost 0.76% to 1,969.27.
Meanwhile, Singapore’s Straits Times Index gained 0.53% to 2,916.32 and Taiwan’s Taiex added 0.02% to 7,654.22.
BIMB Securities Research in a note Friday said stocks ended mixed in Wall Street yesterday following drop in jobless claims and mixed earnings results.
The Dow Jones Industrial Average closed 0.09% lower while S&P 500 rose 0.11% and Nasdaq was higher by 0.4%, it said.
The good news in US also sent good sentiment in Europe as major European markets ended higher, it said, adding that the better than expected PMI in China also boosted major regional indices.
Back home, the FBM KLCI broke two resistance level at 1,530 and 1,535 to close at 1,537, it said.
“We may expect some profit taking activities today given the mixed results in US; and the local market may face a little uncertainty due to the long weekend.
“We shall see immediate support at 1,530 followed by 1,520 while resistance at 1,540 and 1,545,” it said.
On Bursa Malaysia, Petronas Dagangan fell 34 sen to RM18, KLK down 26 sen to RM25.34, PPB and DKSH lost 18 sen each to RM17.02 and RM1.93, Malayan Flour Mills 14 sen to RM4.51, Genting and SapuraCrest 10 sen each to RM11.06 and RM5.08, Hong Leong Bank eight sen to RM11.36 while Nadayu and AMMB fell six sen each to RM1.04 and RM5.82.
Gainers included BAT, Kretam, Ta Ann, Jaya Tiasa, TDM, BLD PLANTATION []s, Tradewinds, JCY, Shell and Gamuda, while the actives included Mah Sing, DBE Gurney, Mazbiz, JCY and DRB-Hicom.
At 10am, the FBM KLCI fell 4.69 points to 1,532.40, weighed by losses including at Petronas Dagangan, KLK, Genting and Hong Leong Bank.
Losers led gainers by 337 to 175, while 285 counters traded unchanged. Volume was 583.87 million shares valued at RM349.53 million.
Asian shares and major currencies were stuck in ranges on Friday ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on, according to Reuters.
At the regional markets, Japan’s Nikkei shed 0.33% to 8,847.50, Hong Kong’s Hang Seng Index was down 0.18% to 20,703.00, the Shanghai Composite Index fell 0.30% to 2,305.53 and South Korea’s Kospi lost 0.76% to 1,969.27.
Meanwhile, Singapore’s Straits Times Index gained 0.53% to 2,916.32 and Taiwan’s Taiex added 0.02% to 7,654.22.
BIMB Securities Research in a note Friday said stocks ended mixed in Wall Street yesterday following drop in jobless claims and mixed earnings results.
The Dow Jones Industrial Average closed 0.09% lower while S&P 500 rose 0.11% and Nasdaq was higher by 0.4%, it said.
The good news in US also sent good sentiment in Europe as major European markets ended higher, it said, adding that the better than expected PMI in China also boosted major regional indices.
Back home, the FBM KLCI broke two resistance level at 1,530 and 1,535 to close at 1,537, it said.
“We may expect some profit taking activities today given the mixed results in US; and the local market may face a little uncertainty due to the long weekend.
“We shall see immediate support at 1,530 followed by 1,520 while resistance at 1,540 and 1,545,” it said.
On Bursa Malaysia, Petronas Dagangan fell 34 sen to RM18, KLK down 26 sen to RM25.34, PPB and DKSH lost 18 sen each to RM17.02 and RM1.93, Malayan Flour Mills 14 sen to RM4.51, Genting and SapuraCrest 10 sen each to RM11.06 and RM5.08, Hong Leong Bank eight sen to RM11.36 while Nadayu and AMMB fell six sen each to RM1.04 and RM5.82.
Gainers included BAT, Kretam, Ta Ann, Jaya Tiasa, TDM, BLD PLANTATION []s, Tradewinds, JCY, Shell and Gamuda, while the actives included Mah Sing, DBE Gurney, Mazbiz, JCY and DRB-Hicom.
