KUALA LUMPUR (Feb 22): The FBM KLCI closed marginally lower, dragged down by PLANTATION [] stocks and doubts on Greece's ability to undertake austerity measures.
The FBM KLCI on Wednesday closed 3.26 points lower, or 0.21%, to close at 1.560.52, weighed down by plantation-related stocks — such as IOI Group (down 10 sen to RM5.34), PPB GROUP BHD [] (down 50 sen to RM17.14) and KLK (down 36 sen to RM23.64) — which brought the index down by 3.06 points.
A total of 2.32 billion shares were traded, valued at RM1.94 billion. Losers led gainers 541 to 302, while 298 counters traded unchanged.
Regionally, markets closed on a positive note, made upbeat by China's Production Manufacturing Index (PMI) numbers, which rose to 49.7 in February from 48.8 in January — the highest in four months.
Taiwan's Taiex was up 1.01% to 8,001.68, Japan's Nikkei 225 rose 0.96% to 9,554.00, Shanghai's Composite Index up 0.93% to 2,403.59, Hong Kong's Hang Seng Index rose 0.33% to 21,549.28, and South Korea's Kospi increased marginally by 0.22% to 2,028.65. However, Singapore's Straits Index fell 0.97% to 2,995.59.
On Bursa Malaysia, top gainers included DUTCH LADY MILK INDUSTRIES BHD [] (up 40 sen to RM25.80), TAHPS GROUP BHD [] (up 39 sen to RM4.80), and CHIN TECK PLANTATIONS BHD [] (up 34 sen to RM9).
Among top losers were HARRISONS HOLDINGS (M) BHD [] (down 53 sen to RM3.17), after it received a letter of demand from Kastam DiRaja Malaysia for unpaid excise, import and sales tax amounting RM91.75 million.
PPB Group Bhd also continued its losing streak after Wilmar International Ltd — the world's largest palm oil firm — released its 4Q11 results, which missed analyst estimates. The stock was down 50 sen to RM17.14.
Most actively traded on Wednesday included The Media Shoppe (down half a sen to 11 sen, with 221.5 million shares traded), Green Ocean Corporation Bhd (down 2.5 sen to 30 sen), and IFCA MSC BHD [] (up one sen to 14.5 sen).
The FBM KLCI on Wednesday closed 3.26 points lower, or 0.21%, to close at 1.560.52, weighed down by plantation-related stocks — such as IOI Group (down 10 sen to RM5.34), PPB GROUP BHD [] (down 50 sen to RM17.14) and KLK (down 36 sen to RM23.64) — which brought the index down by 3.06 points.
A total of 2.32 billion shares were traded, valued at RM1.94 billion. Losers led gainers 541 to 302, while 298 counters traded unchanged.
Regionally, markets closed on a positive note, made upbeat by China's Production Manufacturing Index (PMI) numbers, which rose to 49.7 in February from 48.8 in January — the highest in four months.
Taiwan's Taiex was up 1.01% to 8,001.68, Japan's Nikkei 225 rose 0.96% to 9,554.00, Shanghai's Composite Index up 0.93% to 2,403.59, Hong Kong's Hang Seng Index rose 0.33% to 21,549.28, and South Korea's Kospi increased marginally by 0.22% to 2,028.65. However, Singapore's Straits Index fell 0.97% to 2,995.59.
On Bursa Malaysia, top gainers included DUTCH LADY MILK INDUSTRIES BHD [] (up 40 sen to RM25.80), TAHPS GROUP BHD [] (up 39 sen to RM4.80), and CHIN TECK PLANTATIONS BHD [] (up 34 sen to RM9).
Among top losers were HARRISONS HOLDINGS (M) BHD [] (down 53 sen to RM3.17), after it received a letter of demand from Kastam DiRaja Malaysia for unpaid excise, import and sales tax amounting RM91.75 million.
PPB Group Bhd also continued its losing streak after Wilmar International Ltd — the world's largest palm oil firm — released its 4Q11 results, which missed analyst estimates. The stock was down 50 sen to RM17.14.
Most actively traded on Wednesday included The Media Shoppe (down half a sen to 11 sen, with 221.5 million shares traded), Green Ocean Corporation Bhd (down 2.5 sen to 30 sen), and IFCA MSC BHD [] (up one sen to 14.5 sen).
