Thursday, 23 February 2012

Market Commentary

The FBM KLCI index lost 3.86 points or 0.25% on Thursday. The Finance Index fell 0.59% to 13867.67 points, the Properties Index dropped 0.68% to 1037.17 points and the Plantation Index down 0.72% to 8603.91 points. The market traded within a range of 4.84 points between an intra-day high of 1561.50 and a low of 1556.66 during the session.

Actively traded stocks include NICORP, IFCAMSC, TIGER, SAAG, PDZ, DRBHCOM-CG, DRBHCOM-CF, GOCEAN, SNTORIA and TMS. Trading volume decreased to 1951.41 mil shares worth RM2109.15 mil as compared to Wednesday’s 2230.80 mil shares worth RM1937.12 mil.

Leading Movers were AXIATA (+8 sen to RM5.09), TENAGA (+8 sen to RM6.19), TM (+4 sen to RM5.07) and YTLPOWR (+1 sen to RM1.90). Lagging Movers were CIMB (-8 sen to RM7.16), GENTING (-12 sen to RM10.72), AIRASIA (-7 sen to RM3.58), YTL (-3 sen to RM1.42) and PPB (-20 sen to RM16.94). Market breadth was negative with 217 gainers as compared to 689 losers. -- JF Apex Securities Bhd



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