Monday, 12 March 2012

KLCI extends loss at mid-day break, falls more than 10 points

KUALA LUMPUR (March 12): The FBM KLCI extended its losses at the mid-day break on Monday in line with the mixed regional markets.

The index fell 10.81 points to 1,568.19, weighed by losses at select blue chips including sime Darby, Petronas Dagangan, PPB, KLK and Petronas Chemicals.

Market breadth turned negative with losers overtaking gainers by 409 to 212 while 313 counters traded unchanged. Volume was 684.81 million shares valued at RM755.83 million.

The ringgit weakened 0.64% to 3.0266 versus the US dollar; crude palm oil futures for the third month delivery fell RM1 per tonne to RM3,333, crude oil fell 56 cents per barrel to US$106.84, while gold lost US7.90 an ounce to US$1,705.75.

At the regional markets, Japan’s Nikkei gained 0.29% to 9,958.35, the Shanghai Composite Index added 0.239% to 2,429.93, while South Korea’s Kospi fell 0.62% to 2,005.41, Taiwan’s Taiex lost 0.40% to 7,984.34, the Shanghai Composite Index was down 0.39% to 2,429.93, and Singapore’s Straits Times Index was down 0.14% to 2,967.41.

Among the decliners this morning, The Store fell 24 sen to RM2.16, Rapid lost 22 sen to RM2.28, Petronas Gas and Hong Leong down 20 sen each to RM16.50 and RM12.08, Sime Darby lost 19 sen to RM9.66, while APM, PPB, KLK and Petronas Chemicals down 18 sen each to RM4.45, RM16.70, RM23.22 and RM6.66 respectively.

Naim Indah Corp was the most actively traded counter with 145.9 million shares done. The stock added seven sen to 71.5 sen.

Other actives included HGWB, HLS Corp, MTonic, Key West, Winsun, Iris Corp, Sime Darby and Systech.

Meanwhile, the gainers included Ekovest, Tecnic, Nice, BAT, P.I.E,. Tradewinds Plantations, MBM Resources,Batu Kawan and Eng Kah.

Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or for more details.
Related Posts Plugin for WordPress, Blogger...