Khamis, 15 November 2012

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KL shares open mixed in early trading

Posted: 15 Nov 2012 06:04 PM PST

Share prices on Bursa Malaysia opened mixed Friday as investors remained cautious after most Asian bourses closed in red yesterday, dealers said.

As at 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.02 points lower at 1,630.66, after opening 2.77 points higher at 1,634.45.

HwangDBS Vickers Research said most Asian bourses declined led by China's shares listed in Hong Kong, which dropped two per cent, Hong Kong shares fell 1.6 per cent and South Korea's shares slipped 1.2 per cent.

Bursa Malaysia was closed yesterday for the Awal Muharram public holiday.

Meanwhile, key equity indices on Wall Street slipped between 0.2 per cent and 0.3 per cent in the overnight trade.

"Given the weak external vibes, the FBM KLCI could come under renewed selling pressure when trading resumes today," HwangDBS said in a research note today.

The research house said the benchmark index is expected to slide towards the 1,600 psychological support line.

The Finance Index fell 16.26 points to 15,032.53 while the Industrial Index rose 9.83 points to 2,804.05 and the Plantation Index gained 17.17 points to 8,036.32.

The FBM Emas Index shed 0.72 points to 11,146.21 but the FBM Ace Index added 2.84 points to 4,246.11, the FBMT100 gained 4.24 points to 10,980.99 and the FBM Mid 70 Index advanced 7.65 points to 12,310.33.

Gainers led losers by 87 to 67, with 113 counters unchanged, 1,378 untraded and 23 others suspended.

Volume stood at 36.48 million shares worth RM53.95 million.

Among actives, KNM lost one sen to 50.5 sen, while Perisai Petroleum added five sen to RM1.08 and Scomi-WA earned one sen to 1.5 sen.

Nextnation Comm and Luster Industries were unchanged at five sen and 12 sen, respectively.

Heavyweights, Maybank lost one sen to RM9.04, while Sime Darby shed two sen to RM9.60.

CIMB, Axiata and Maxis earned one sen each to RM7.66, RM5.95 and RM6.60, respectively. Bernama

Ringgit slips against US dollar

Posted: 15 Nov 2012 06:26 PM PST

The ringgit slipped against the US dollar in early trading Friday on lack of commercial demand for the local currency ahead of the weekend break, dealers said.

At 9.38 am, the ringgit was quoted at 3.0665/0695 against Wednesday's 3.0625/0645 close.

The local market was closed for Maal Hijrah celebrations yesterday.

Meanwhile, the ringgit was traded mixed against other major currencies.

It rose against the Singapore dollar to 2.5016/5045 from Wednesday's 2.5053/5088 close and appreciated against the Japanese yen to 3.7788/7839 versus 3.8310/8359 on Wednesday.

The ringgit however declined against the British pound to 4.8644/8701 from 4.8642/8686 on Wednesday and eased against the euro to 3.9178/9219 from 3.8986/9026 on Wednesday. Bernama

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