KUALA LUMPUR: Blue chips fell more than five points at the midday break on Monday, Oct 26, on some profit taking on CIMB, Genting and Axiata while volume shrank in a weak broader market.
The KL property index fell 14.46 points or 1.76% to 805.92, weighed down also by news that the real property gains tax will be reintroduced on Jan 1 next year.
At midday, the FBM KLCI fell 5.26 points to 1,261.84. Turnover was 286.87 million shares valued at RM398.26 million. Losers beat advancers 434 to 124 while 183 counters were unchanged.
However, key regional markets fared better, with the Nikkei 225 up 0.63% to 10,347.78 and Shanghai's Composite Index gaining 0.06% to 3,109.74. Singapore's Straits Times Index was nearly unchanged at 2,718.43.
Light crude oil fell 79 US cents to US$79.71 while crude palm oil futures fell RM16 to RM2,222.
At Bursa Malaysia, CIMB's 10 sen fall to RM12.64 pushed the 30-stock FBM KLCI down 1.18 points while Genting's 12 sen loss to RM7.62 dragged the index down by 1.1 points. Axiata's five sen decline to RM2.95 shaved off another 1.05 points.
Shell fell the most, declining 22 sen to RM10.52 with 3,000 shares done while Nestle shed 20 sen to RM33.30 and Tanjong gave up 14 sen to RM15.16.
IJM Land, which had risen recently, fell 12 sen RM2.37 with 1.83 million shares done, IGB fell nine sen to RM2.05 and KLCCP seven sen to RM3.23 while E&O fell eight sen to RM1.15 and E&O-LR 10 sen to 46 sen. However, Magna Prima added 13 sen to RM2.42.
Tenaga, which will announce its full-year results this evening, rose one sen to RM8.47.
Jetson-LA jumped 24 sen to RM1.89, Jetson 23 sen to RM2.08 and Jetson-WA 17.5 sen to RM1.07.
Calrsberg rose eight sen to RM4.38 and GAB four sen to RM7.01 as the sector was spared any new taxes in the Budget 2010 proposals.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
music
Create a playlist at MixPod.com
