Wednesday 7 March 2012

Market Commentary

The FBM KLCI index lost 15.08 points or 0.95% on Wednesday. The Finance Index fell 0.82% to 14089.39 points, the Properties Index dropped 0.69% to 1050.54 points and the Plantation Index down 0.52% to 8600.14 points. The market traded within a range of 12.87 points between an intra-day high of 1585.30 and a low of 1572.43 during the session.

Actively traded stocks include NICORP, HWGB, SILVER, HWGB-WB, CSL, AMEDIA, ENVAIR, KEYWEST, GOCEAN and TECFAST. Trading volume increased to 1742.64 mil shares worth RM2030.26 mil as compared to Tuesday’s 1288.12 mil shares worth RM1792.17 mil.

Leading Movers were ARMADA (+3 sen to RM4.23), UMW (+3 sen to RM7.19), RHBCAP (+4 sen to RM7.76), PETDAG (+4 sen to RM18.50) and MMHE (+2 sen to RM5.32). Lagging Movers were SIME (-19 sen to RM9.80), CIMB (-11 sen to RM7.31), GENTING (-18 sen to RM10.74), MAYBANK (-8 sen to RM8.71) and YTL (-6 sen to RM1.69). Market breadth was negative with 283 gainers as compared to 476 losers. -- JF Apex Securities Bhd



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