KLCI range bound in early trade

KUALA LUMPUR: Blue chips were marginally higher in early trade on
Tuesday, where the FBM KLCI was range bound in the absence of strong
external leads after the 30-stock index inched up to close at a record
high on Monday.
At 9.22am, the KLCI was up 0.71 point to
1,654.61. Turnover was 125.23 million shares valued at RM43.30mil.
There were 127 gainers, 92 losers and 164 counters unchanged.
Bloomberg
reported Asian stocks swung between gains and losses as the European
Union's outlook was cut by Moody's Investors Service ahead of meetings
of the region's policy makers today. Energy companies rose after oil
advanced.
At Bursa Malaysia, the quality of buying was
relatively lacklustre while the top gainers reported thin trade only
except for OSK Properties WC warrants which jumped 27.5 sen to 28 sen
with 5.95 million units done.
F&N and Aeon Credit added 10 sen each to RM20.10 and RM13 while Ta Ann, Tradewinds and MNRB edged up six sen to RM4.10, RM7.68 and RM3.16 in thin trade. Genting Plantations rose five sen to RM9.36.
Dutch Lady fell 20 sen to RM42.30 with 1,000 shares done, KLK shed 12 sen to RM23.28 with 100 units done while Lafarge and CIMB gave up five sen each to RM8.58 and RM7.82. Tenaga eased four sen to RM6.80.
Bonia lost seven sen to RM2.45 and Padini two sen lower at RM2.18.