KUALA LUMPUR (Feb 24): The broader market was cautious in the morning session on Friday, with investors taking profit on recent gains ahead of the weekend despite the positive key regional markets.
With the eurozone not yet out of the debt crisis, another issue was the high oil prices which would put the brake on the flagging economies. US light crude oil was up 58 cents to US$108.41 while Brent crude rose 45 cents to US$124.07
At 12.30pm, the FBM KLCI was down 1.99 points to 1,554.67. Turnover was 745.19 million shares valued at RM717.18 million. There were 289 gainers, 383 losers and 326 counters unchanged.
Among the regional markets, Japan’s Nikkei 225 rose 0.23% to 9,617.50, Shanghai’s Composite Index added 0.32% to 2,417.15, Taiwan’s Taiex 0.09% to 7,944,28, South Korea’s Kospi 0.35% to 2,014.83 and Singapore’s STI 0.08% to 2,970.65. However, Hong Kong’s Hang Seng Index fell 0.10% to 21,359.90.
At Bursa Malaysia, GENTING BHD [] was the biggest drag on the KLCI, falling 26 sen to RM10.46 and pushing the KLCI down 2.27 points.
CIMB fell 10 sen to RM7.06, pushing the index down 1.76 points. AMMB fell seven sen to RM6, Sime three sen to RM9.600 and YTL Power two sen to RM1.88.
MSC was the top loser, down 42 sen to RM4.16 while recent gainers Oriental fell 27 sen to Rm6.07 and Nestle 14 sen to RM55.66.
Tenaga rose five sen to RM6.24, PPB 20 sen to RM17.14, Maybank and Axiata two sen each to RM8.72 and RM5.11.
China Stationery, which was listed on Friday, rose 13 sen to RM1.08 and it was the most active with 103.23 million shares done.
Harvest rose 15.5 sen to 97 sen and the warrants 14.5 sen to 74 sen.
With the eurozone not yet out of the debt crisis, another issue was the high oil prices which would put the brake on the flagging economies. US light crude oil was up 58 cents to US$108.41 while Brent crude rose 45 cents to US$124.07
At 12.30pm, the FBM KLCI was down 1.99 points to 1,554.67. Turnover was 745.19 million shares valued at RM717.18 million. There were 289 gainers, 383 losers and 326 counters unchanged.
Among the regional markets, Japan’s Nikkei 225 rose 0.23% to 9,617.50, Shanghai’s Composite Index added 0.32% to 2,417.15, Taiwan’s Taiex 0.09% to 7,944,28, South Korea’s Kospi 0.35% to 2,014.83 and Singapore’s STI 0.08% to 2,970.65. However, Hong Kong’s Hang Seng Index fell 0.10% to 21,359.90.
At Bursa Malaysia, GENTING BHD [] was the biggest drag on the KLCI, falling 26 sen to RM10.46 and pushing the KLCI down 2.27 points.
CIMB fell 10 sen to RM7.06, pushing the index down 1.76 points. AMMB fell seven sen to RM6, Sime three sen to RM9.600 and YTL Power two sen to RM1.88.
MSC was the top loser, down 42 sen to RM4.16 while recent gainers Oriental fell 27 sen to Rm6.07 and Nestle 14 sen to RM55.66.
Tenaga rose five sen to RM6.24, PPB 20 sen to RM17.14, Maybank and Axiata two sen each to RM8.72 and RM5.11.
China Stationery, which was listed on Friday, rose 13 sen to RM1.08 and it was the most active with 103.23 million shares done.
Harvest rose 15.5 sen to 97 sen and the warrants 14.5 sen to 74 sen.
