KLCI pares down losses at mid-day

by **hlk** Tue 13 Dec 2011, 13:09

KUALA LUMPUR (Dec 13): The FBM KLCI pared down some of its losses at
the mid-day break on Tuesday on some mild bargain hunting, in line with
most of the key regional markets that also somewhat steadied.

The FBM KLCI was down 0.26% or 3.86 points to 1,463.24, weighed by
losses at banks and select blue chips. The index had earlier fallen to
its intra-morning low of 1,457.31.

Losers led gainers by 354 to 249, while 290 counters traded
unchanged. Volume was 952.5 million shares valued at RM596.38 million.

The ringgit weakened 0.66% to 3.1797 versus the US dollar; crude palm
oil futures for the third month delivery rose RM19 per tonne to
RM3,018, crude oil added 13 cents per barrel to US$97.60 while gold fell
US$10.88 an ounce to US$1,655.70.

At the regional markets, Japan’s Nikkei fell 1.02% to 8,565,45, Hong
Kong’s Hang Seng Index lost 0.87% to 18,413.52, the Shanghai Composite
Index was down 1.33% to 2,261.15, South Korea’s Kospi lost 1.34% to
1,874.36, Taiwan’s Taiex fell 0.73% to 6,898.36 and Singapore’s Straits
Times Index shed 0.49% to 2,688.60.

On Bursa Malaysia, Tahps was the top loser this morning and fell 38
sen to RM4.10; JobStreet lost 28 sen to RM2.50, PPB down 24 sen to
RM16.36, Genting 20 sen to RM10.62, Apollo, Sungei Bagan and Genting
PLANTATION []s fell 13 sen each to RM2.86, RM2.82 and RM8.15 respectively, while MISC and Aeon Credit fell 12 sen each to RM5.48 and RM6.26.

Among the banking stocks, CIMB lost 10 sen to RM6.85, Public Bank,
RHB Capital and Hong Leong Bank fell two sen each to RM12.66, RM6.88 and
RM10.54 respectively, while AMMB shed one sen to RM5.85.

GAB was the top gainer and added 70 sen to RM12.98; Dutch Lady was up
68 sen to RM26.66, Nestle and KLK up 38 sen each to RM52.28 and
RM22.78, Carlsberg 34 sen to RM8.49, JT International 26 sen to RM6.94,
Tradewinds 23 sen to RM10.16, HLFG 22 sen to RM11.54, Proton 21 sen to
RM4.44 and F&N was up 18 sen to RM18.18.

Meanwhile, the actives included Proton and DRB-Hicom warrants, MAS warrants, Sanichi and BIMB warrants.