Friday 23 March 2012

KLCI stays in the black at mid-day break, Asian markets mostly in the red

KUALA LUMPUR (March 23): The FBM KLCI edged up 1.32 points to 1,584.56 at the mid-day break on Friday, lifted by gains including at Genting, Hong Leong Bank, KL Kepong and Petronas Gas.

Gainers trailed losers by 198 to 434, while 326 counters traded unchanged. Volume was 1.27 billion shares valued at RM614.23 million.

Asian shares fell on Friday and growth-linked currencies such as the Australian dollar were shunned after data showing shrinking factory activity in China and the euro zone heightened concerns about a slowdown in the global economy, according to Reuters.

At the regional markets, Japan’s Nikkei 225 fell 1.03% to 10,022.80, Hong Kong’s Hang Seng Index fell 0.96% to 20,701.50, the Shanghai Composite Index lost 0.68% to 2,359.57, Taiwan’ Taiex fell 0.15% to 8,047.84 and South Korea’s Kospi shed 0.02% to 2,025.65, while Singapore’s Straits Times Index was up 0.40% to 2,991.25.

On Bursa Malaysia, Jaya Tiasa rose 65 sen to RM8.34, BAT up 50 sen to RM53.80, Genting added 22 sen to RM10.98, Lipo rose 16 sen to RM1.20, Hong Leong Bank 12 sen to RM12.20, Dutch lady 10 sen to RM30.70, UMW and Subur Tiasa up nine sen each to RM7.22 and RM2.58, whiel KLK and Petronas Gas added eight sen each to RM23.90 and RM16.60.

Ingenuity Solutions was the most actively traded counter with 118.6 million shares done. The stock fell one sen to 12 sen.

Other actives included SAAG, Ariantec, Trinity, Metronic, Flonic, Astral Supreme, and Utopia.

Decliners in the morning session included Ta Win Holdings, QSR shares and warrants, Media Prima, Knusford, Coastal Contracts, SapuraCrest, KAf, Kein Hin and Deleum.



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