November 30, 2009

Blue chips off early lows, Petra Energy hits limit down

KUALA LUMPUR: The 30-stock FBM KLCI fell as much as 22 points to a low of 1,248.58 in early trade on Monday, Nov 30 in a knee-jerk reaction to the fall on Wall Street and key regional markets on fears about a default by Dubai.

At 10am, the FBM KLCI was down 8.03 points to 1,262.58. There were 270.92 million shares valued at RM342.39 million. Losers hammered gainers 535 to 35 while 110 stocks were unchanged.

Petra Energy hit limit down in early trade, down 29.8% to RM1.27 with 5,000 shares done on concerns about the outlook for the company.

BLD PLANTATION []s lost 37 sen to RM3.63 but with 4,000 shares done while Far East shed 25 sen to RM6.25 and UMCCA 19 sen to RM7.80. However, KL Kepong rose 14 sen to RM15.74.

HL Bank lost 17 sen to RM8.01, F&N 16 sen to RM11.02 while WCT lost 15 sen to RM2.37 on concerns about a possible impact from Dubai's financial woes.

KNM was the most active with 22 million shares done, down two sen to 74 sen. Maxus shed two sen to RM5.35 and Gamuda six sen to RM2.69.

BAT rose the most, adding 68 sen to RM45.48 while Dutch Lady added 14 sen to RM12.20 and KFCH seven sen to RM7.45.

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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;

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