Monday, January 10, 2011

Bursa Malaysia: FBM KLCI in negative territory at mid-morning

KUALA LUMPUR: The FBM KLCI slipped in early trade on Tuesday, Jan 11 in line with the generally cautious sentiment at key regional market following the weaker overnight close at Wall Street.

At 10.20am, the 30-stock index was down 3.40 points to 1,560.12. Gainers led losers by 291 to 255, while 270 counters traded unchanged. Volume was 925.16 million shares valued at RM476.13 million.

At the regional markets, Japan's Nikkei 225 fell 0.23% to 10,516.97, the Shanghai Composite Index lost 0.46% to 2,779.02, South Korea's Kospi fell 0.72% to 2,065.91, and Singapore's Straits Times Index down 0.05% to 3,227.63.

Meanwhile, Taiwan's Taiex rose 0.80% to 8,888.39 and Hong Kong's Hang Seng Index opened 0.4% higher at 23,617.85.

Among the top losers on Bursa Malaysia, PLANTATION []-related stocks Hap Seng lost 28 sen to RM7.01, United Malacca down 13 sen to RM7.10, PPB Group lost 12 sen to RM12 sen to RM17.42, and Hap Seng Plantation down eight sen to RM3.41.

PLUS fell 22 sen to RM4.47 after the highway operator said only UEM and EPF had put down the RM50 million cash deposit in their joint takeover offer for RM23 billion or RM4.60 per share.

Other decliners included Asas Dunia, TSR Capital, Lafarge Malayan Cement and Hartalega.

Newly-listed Asia Media, which made its debut on the ACE Market today, was among the most actively traded counters with 21.2 million shares doe. The stock was up 11 sen to 34 sen.

SAAG was the most actively traded counter with 202.7 million shares done. The stock rose 1.5 sen to 15 sen. Other actives included Talam, Compugates, Perisai, Tradewinds Corp and Prinsiptek.

Gainers included GAB, BAT, Tradewinds, SapuraCrest, Eng Kah and DiGi.

Source: The Edge, 11 Jan 2011

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