KLCI edges up but Asian markets mired in red

KUALA LUMPUR (Dec 15): The FBM KLCI bucked the trend and edged up to
close marginally higher on Thursday, but key regional markets mostly
extended their losses amid fears that Europe's debt crisis continues to
worsen.

But European markets opened slightly higher and bounced off a two-week closing low, lifted by some mild bargain hunting.

The FBM KLCI rose 0.99 point to close at 1,464.11.

Gainers trailed losers by 346 to 380, while 314 counters traded
unchanged. Volume was 1.56 billion shares valued at RM1.25 billion.

At the regional markets, the Shanghai Composite Index lost 2.14% to
2,180.90, Taiwan’s Taiex fell 2.28% to 6,764.59, South Korea’s Kospi was
down 2.08% to 1,819.11, Hong Kong’s Hang Seng Index lost 1.78% to
18,026.84, Japan’s Nikkei 225 fell 8,377.37 and Singapore’s Straits
Times Index shed 1.39% to 2,635.25.

On Bursa Malaysia, QSR and KFCH were in focus on Johor Corporation’s
plans to privatise the two companies. QSR rose 44 sen to RM6.44 while
KFCH was up 39 sen to RM3.80.

Other gainers included Proton that rose 38 sen to RM4.55, UMW 34 sen
to RM6.84, KrisAssets and GAB 32 sen each to RM5.62 and RM13.50, Kulim
28 sen to RM3.97, Jaya Tiasa 18 sen to RM6.91 and APM Automotive 17 sen
to RM4.39.

Among the decliners, Dutch Lady lost RM1.30 to RM24.58, KLK 48 sen to
RM22.12, Nestle 46 sen to RM56.02, Aeon 25 sen to RM7.15, Batu Kawan 20
sen to RM17.26, Bintulu Port 17 sen to RM6.70, MPI 16 sen to RM2.70,
Hong Leong Industries 15 sen to RM3.95 while Hartalega was down 14 sen
to RM5.61.

Meanwhile, the actives included JCY, Sanichi, QSR, KFC, Flonic and Proton.

if not bcos of M&A in play sure will b red s well .... [You must be registered and logged in to see this image.]

yah the M&A activity spur it up.. look at the good thing, if there is M&A there is bullish actiivty