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KLCI closed lower, Asia positive
by hlk Tue 13 Mar 2012, 18:27
KUALA LUMPUR: The FBM KLCI closed in the red while other key Asian bourses traded in the green, reflecting the caution among local investors following developments in the global economic arena.
The local benchmark closed the day's trading lower at 1564.02, dipping 0.73 points or 0.05%. There were 288 gainers, 469 losers and 329 unchanged counters. 1.163bil shares were traded worth RM1.47bil.
Gainers continued to be led by British American Tobacco (M) Bhd climbing 80 sen to RM52.80; Sin Heng Chan (M) Bhd gained 29.5 sen to RM1.10 while Malpac Holdings Bhd was up 22 sen to RM1.70.
The losing counters were United Plantations Bhd lower 16 sen to RM24.82; MISC Bhd dropping 15 sen to RM5.100 and Tasek Corp Bhd falling 15 sen to RM8.60.
Hwang DBS Vickers Research believed that the local benchmark index could trade sideways today with a slight downward bias after dropping 0.9% or 14 points yesterday.
It was quoted in its morning report that investors would likely continue to remain cautious on the current fragile global economic situation given that Italy announced a contraction of 0.7% in its economy in 4Q11 while China posted its largest trade deficit for 22 years.
Around the region, bourses were up.
Tokyo's Nikkei 225 rose 0.09% to 9899.08; Hong Kong's Hang Seng Index recorded a 0.97% climb to 21339.70; Shanghai A index was up 0.86% to 2455.79 while Korea's Kospi rose 1.13% to 2025.04.
Closer to home, Singapore's Straits Times Index was 0.92% more positive to 2989.57.
Nymex crude oil was quoted at US$106.88, spot gold at US$1698.15 and silver at US$33.56. The US dollar was quoted at 3.0363 while the euro at 3.9863.
The local benchmark closed the day's trading lower at 1564.02, dipping 0.73 points or 0.05%. There were 288 gainers, 469 losers and 329 unchanged counters. 1.163bil shares were traded worth RM1.47bil.
Gainers continued to be led by British American Tobacco (M) Bhd climbing 80 sen to RM52.80; Sin Heng Chan (M) Bhd gained 29.5 sen to RM1.10 while Malpac Holdings Bhd was up 22 sen to RM1.70.
The losing counters were United Plantations Bhd lower 16 sen to RM24.82; MISC Bhd dropping 15 sen to RM5.100 and Tasek Corp Bhd falling 15 sen to RM8.60.
Hwang DBS Vickers Research believed that the local benchmark index could trade sideways today with a slight downward bias after dropping 0.9% or 14 points yesterday.
It was quoted in its morning report that investors would likely continue to remain cautious on the current fragile global economic situation given that Italy announced a contraction of 0.7% in its economy in 4Q11 while China posted its largest trade deficit for 22 years.
Around the region, bourses were up.
Tokyo's Nikkei 225 rose 0.09% to 9899.08; Hong Kong's Hang Seng Index recorded a 0.97% climb to 21339.70; Shanghai A index was up 0.86% to 2455.79 while Korea's Kospi rose 1.13% to 2025.04.
Closer to home, Singapore's Straits Times Index was 0.92% more positive to 2989.57.
Nymex crude oil was quoted at US$106.88, spot gold at US$1698.15 and silver at US$33.56. The US dollar was quoted at 3.0363 while the euro at 3.9863.
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