KUALA LUMPUR: Some mild selling of Sime Darby and CIMB as investors locked in gains, weighed down the FBM KLCI in early trade on Thursday, Nov 12, but the key regional markets were higher.
At 10am, the FBM KLCI fell 1.89 points to 1,268.26. Turnover was 216.31 million shares valued at RM199 million. There were 134 gainers, 148 losers and 193 stocks unchanged.
Hong Kong's hang Seng Index opened 0.2% higher at 22,672.24, Japan's Nikkei 225 added 0.44% to 9,915.25 and Shanghai's Composite Index gained 0.49% to 3,190.6 while Singapore's Straits Times Index shed 0.02% to 2,739.89.
Light crude oil rose 17 US cents to US$79.45 while US spot gold rose US$3.54 or 0.32% to US$1,120.94.
HwangDBS Vickers Research said, with Wall Street still going strong — its key stock indices were up between 0.4% and 0.7% last night — this would hold up investors' sentiment across the region today, including Malaysia.
"On our local stock exchange, the benchmark FBM KLCI will probably be range-bound ahead, possibly climbing towards the resistance level of 1,280. However, after testing this barrier yesterday before backing off subsequently, it may take a bit more effort for the bellwether to jump over the hurdle," it added.
The research house said results announcements from banks continue to hog the corporate earnings scene presently. After Hong Leong Bank released its financial performance last evening (that came in within expectations), index heavyweight Maybank would be next to reveal its latest quarterly report card after market hours today.
Johor Tin fell the most, down 23.5 sen to 50.5 sen with 14,500 shares done. Toyo Ink and Uzma gave up 10 sen each to RM1.50 and RM1.55 in thin trade while Scomi lost six sen to 52 sen.
Top Glove fell eight sen to RM8.42, Sime seven sen to RM9.01 while EON Cap and CIMB gave up six sen each to RM5.90 and RM12.96.
JAKS added 4.5 sen to 82 sen after announcing a private placement exercise of up to 10% of its paid-up capital.
QSR rose 16 sen to RM3.48 and glove maker Adventa added 16 sen also, to RM2.11. Jetson continued to attract retail interest, with its warrants adding 11 sen to RM1.94 while its shares and loan stock rose 10 sen each to RM2.77 and RM2.50.
Mudajaya' stronger set of results saw its shares rising 10 sen to RM4.20.
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;
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