NST Online Business Times : latest

Posted: 07 Oct 2012 06:45 PM PDT

Continued profit-taking from last week has caused share prices on Bursa Malaysia to open lower in early trading Monday,
with losses mostly seen in blue chip stocks, dealers said.

After 18 minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 4.39 points to 1,655.84 after opening 0.19 of a point better at 1,660.42.

HwangDBS Vickers Research however said the benchmark index could resume its upward movements today after a slight drop to close at 1,660.23 last week.

"The key FBM KLCI has been on the rise since two Mondays ago. It climbed a maximum of 55.9 points to surpass its previous record of 1,655.49 and touched a new all-time high of 1,668.32 on Friday.

"Technically speaking, the bellwether is expected to pull further away from the immediate support level of 1,655 and head towards the first resistance target of 1,670," it said in a research note today.

The Finance Index dipped 37.68 points to 14,643.08 but the Plantation Index rose 13.15 points to 8,185.12 and the Industrial Index earned 0.97 of a point to 2,835.54.

The FBM Emas Index fell 21.86 points to 11,238.82 while the FBM Mid 70 Index gained 2.06 points to 12,101.62 and the FBM Ace advanced 18.34 points to 4,308.02.

Gainers slightly led losers by 100 to 92, with 116 counters unchanged, 1,339 untraded and 20 others suspended.

Turnover stood at 88.83 million shares worth RM38.89 million.

Of the actives, Instacom-Warr improved 2.5 sen to 3.5 sen, YTL Corp-Warr and Scomi added half a sen each to 19 sen and 39 sen, respectively, and Instacom rose 14.5 sen 34.5 sen.

Among heavyweights, Maybank lost five sen to RM8.94, Sime Darby slipped two sen to RM9.63, while Axiata and CIMB were three sen lower each to RM7.67 and RM7.03, respectively. Bernama

Kredit: www.nst.com.my

Ahad, 7 Oktober 2012

NST Online Business Times : latest

NST Online Business Times : latest

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