KLCI extends losses, stays below 1,520-level

KUALA LUMPYR (Jan 19): The FBM KLCI extended its losses on Thursday and stayed below the 1,520-point level, lagging
behind most Asian markets.
The index closed 0.57 of a point lower at 1,516.81.
Gainers edged losers by 378 to 370, while 325 counters traded unchanged. Volume was 1.94 billion shares valued at RM1.62
billion.
At the regional markets, the Shanghai Composite Index rose 1.31% to 2,296.08, Hong Kong’s Hang Seng Index added 1.3%
to 19,942.95, Japan’s Nikkei 225 was up 1.04% to 8,639.68, South Korea’s Kospi up 1.19% to 1,914.97 and Singapore’s
Straits Times Index edged up 0.57% to 2,811.20.
On Bursa Malaysia, Y&G fell 23 sen to 77 sen, Batu Kawan lost 20 sen to RM18.66, Triplc and Genting down 18 sen each to
41.5 sen and RM10.82, Nadayu 12 sen to RM1.06, Southern Acids and Kossan 11 sen each to RM2.21 and RM3.50, Asia
File nine sen to RM3.65 while Amway and BIMB lost eight sen each to RM9.40 and RM2.16.
Among the gainers, MPI jumped 36 sen to RM3.15 after RHB Research upgraded the stock to Market Perform (from
underperform) and raised its target price to RM2.79.
Other gainers include APM Automotive that added 20 sen to RM4.68, Glenealy 18 sen to RM6.55, Chin Teck 16 sen to
RM8.76, TDM 15 sen to RM3.97, Coastal Contracts 12 sen to RM2.05, whiel Knusford, Hong Leong Bank and BRDB added
10 sen each to RM1.70, RM11 and RM2.23 respectively.
DBE Gurney was the most actively traded counter with 314.65 million shares done. The stock jumped 2.5 sen to 13.5 sen.
Other actives included TMS, JCY, Axiata, MBSV, Nextnation, Telekom and BIMB.