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NewsNot an august month for KLCI
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Not an august month for KLCI
by hlk Mon 29 Aug 2011, 18:23
KUALA LUMPUR: The FBM KLCI wrapped up a disappointing August on Monday, Aug 29 which saw a whopping 101.54 points wiped off the 30-stock index, as a confluence of events, including worries that the US might slip into recession as well as mounting concern over the Eurozone debt crisis sent investors scurrying to less riskier assets.
FBM KLCI pared down its earlier gains on the final trading day of August to close 2.46 points higher at 1,447.27.
On Bursa Malaysia, gainers led losers by 432 to 214, while 221 counters traded unchanged. Volume was 447.13 million shares valued at RM893.58 million.
The ringgit strengthened 0.31% to 2.9792 versus the US dollar; crude palm oil futures for the third month delivery rose RM38 per tonne to RM3,013, crude oil gained 17 cents per barrel to US$85.54 while gold fell US$5.85 an ounce to US$1,822.10.
At the regional markets, Japan’s Nikkei 225 rose 1.13% to 8,897.06, Hong Kong’s Hang Seng Index gained 1.51% to 19,879.51, South Korea’s Kospi jumped 2.83% to 1,829.34, Taiwan’s Taiex added 2.05% to 7,597.66 and Singapore’s Straits Times Index rose 1.42% to 2,787.27.
Meanwhile, the Shanghai Composite Index fell 1.06% to 2,584.40.
On Bursa Malaysia, Nestle was the top gainer this morning and added 80 sen to RM48.90; Aeon gained 48 sen to RM7.28, RHB Capital and DiGi up 20 sen each to RM8.20 and RM30.22, Petronas Chemicals, MISC, KLCCP and Carlsberg rose 19 sen each to RM6.22, RM6.97, RM3.31 and RM6.87, United PLANTATION []s 18 sen to RM18.18 and APM Automotive rose 17 sen to RM4.70.
Among the decliners, Masterskill fell 21 sen to RM1.32 after its disappointing financial results saw CIMB Equities Research downgrading the stock from Outperform to Neutral, reducing its target price and also slashing its earnings per share (EPS) forecast.
BAT lost 26 sen to RM43.66, SapuraCrest 20 sen to RM4, Dutch Lady 18 sen to RM18.70, Petronas Gas 16 sen to RM13.22, MAHB 14 sen to RM6.23 and Genting Plantations 13 sen to RM7.07.
Petronas Chemicals was the most actively traded counter with 27 million shares done.
Other actives included CIMB, E&O, Axiata, DVM, IOI Corp, MUI and Pan Malaysia Industries.
FBM KLCI pared down its earlier gains on the final trading day of August to close 2.46 points higher at 1,447.27.
On Bursa Malaysia, gainers led losers by 432 to 214, while 221 counters traded unchanged. Volume was 447.13 million shares valued at RM893.58 million.
The ringgit strengthened 0.31% to 2.9792 versus the US dollar; crude palm oil futures for the third month delivery rose RM38 per tonne to RM3,013, crude oil gained 17 cents per barrel to US$85.54 while gold fell US$5.85 an ounce to US$1,822.10.
At the regional markets, Japan’s Nikkei 225 rose 1.13% to 8,897.06, Hong Kong’s Hang Seng Index gained 1.51% to 19,879.51, South Korea’s Kospi jumped 2.83% to 1,829.34, Taiwan’s Taiex added 2.05% to 7,597.66 and Singapore’s Straits Times Index rose 1.42% to 2,787.27.
Meanwhile, the Shanghai Composite Index fell 1.06% to 2,584.40.
On Bursa Malaysia, Nestle was the top gainer this morning and added 80 sen to RM48.90; Aeon gained 48 sen to RM7.28, RHB Capital and DiGi up 20 sen each to RM8.20 and RM30.22, Petronas Chemicals, MISC, KLCCP and Carlsberg rose 19 sen each to RM6.22, RM6.97, RM3.31 and RM6.87, United PLANTATION []s 18 sen to RM18.18 and APM Automotive rose 17 sen to RM4.70.
Among the decliners, Masterskill fell 21 sen to RM1.32 after its disappointing financial results saw CIMB Equities Research downgrading the stock from Outperform to Neutral, reducing its target price and also slashing its earnings per share (EPS) forecast.
BAT lost 26 sen to RM43.66, SapuraCrest 20 sen to RM4, Dutch Lady 18 sen to RM18.70, Petronas Gas 16 sen to RM13.22, MAHB 14 sen to RM6.23 and Genting Plantations 13 sen to RM7.07.
Petronas Chemicals was the most actively traded counter with 27 million shares done.
Other actives included CIMB, E&O, Axiata, DVM, IOI Corp, MUI and Pan Malaysia Industries.
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