Monday, 23 April 2012

KLCI slips below 1,590-level at mid-day break

KUALA LUMPUR (APRIL 23): The FBM KLCI slipped below the psychologically crucial 1,590-point mark at the mid-day break on Monday, in line with the regional markets that trended lower.

The FBM KLCI fell 6.70 points to 1,585.15 at 12.30pm, weighed by losses including at Genting, KLK and BAT.

Market breadth turned negative with 457 losers, 180 gainers and 288 counters trading unchanged. Volume was 851.34 million shares valued at RM575.77 million.

The Ringgit strengthened 0.04% to 3.0633 versus the greenback, crude palm oil futures for the third month delivery rose RM2 per tonne to RM3,502, crude oil fell 14 cents per barrel to US$103.74 while gold shed 50 cents an ounce to US$1,642.43.

Asian shares and the euro steadied on Monday after the IMF secured new funding to prevent the contagion of the euro zone's debt crisis, with investors turning to Chinese data to gauge the market's resilience to risk, according to Reuters.

Markets will return their focus to economic data and policy events this week, starting with a flash reading of China's manufacturing activity for April from HSBC due at 0230 GMT and the euro zone's manufacturing activity report later in the session, it said.

At the regional markets, Japan’s Nikkei 225 was dowbn 0.14% to 9,547.76, Hong Kong’s Hang Seng Index lost 0.60% to 20,884.30, the Shanghai Composite Index sged 0.17% to 2,402.72, Taiwan’s Taiex fell 0.64% to 7,458.85, South Korea’s Kospi slipped 0.13% to 1,972.06 and Singapore’s Straits Times Index was down 0.26% to 2,986.61.

On Bursa Malaysia, BAT was the top loser and fell RM1.04 to RM55.44, KLK lost 22 sen to RM23.90, Warisan down 17 sen to RM2.31, Genting fell 14 sen to RM10.66, Subur Tiasa 12 sen to RM2.96, Jaya Tiasa and CSL down 11 sen each to RM9.86 and RM1.54, whiel S P Setia, Hong leong bank and Bursa fell 10 sen each to RM3.87, RM12.34 and RM6.75 respectively.

The actives included Ariantec, Metronic, astral Supereme, Jotech, Focus, Asia Media and Nextnation, while the gainers included United PLANTATION []s, Aeon Credit, Auto V, Dutch lady, AIC, Lafarge Malayan cement, Bintulu Port, SapuraCrest, Aeon and Ta Ann.

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...