January 12, 2010

Sime, Genting, Maxis weigh down blue chips

KUALA LUMPUR: Sime Darby, Genting and Maxis weighed down blue chips in the morning session on Tuesday, Jan 12 on some profit taking but the FBM KLCI managed to still stay above the 1,290 level.

The broader market was firmer, with rotational interest in small capitalised counters and penny stocks.

At 12.30pm, the FBM KLCI fell 2.17 points to 1,292.34. Turnover was 963.33 million shares valued at RM790 million. There were 356 gainers, 306 losers and 258 stocks unchanged.

Japan's Nikkei 225 rose 0.57% to 10,859.79, Shanghai's Composite Index added 0.13% to 3,217.05 and Singapore's Straits Times Index inched up 0.02% to 2,934.15 but Hong Kong's Hang Seng Index fell 0.45% to 22,310.83.

Light crude oil fell 62 cents to US$81.90, gold shed five cents to US$1,151.80 while crude palm oil futures lost RM28 to RM2,572.

At Bursa Malaysia, Sime Darby fell eight sen to RM9, dragging the FBM KLCI down by 1.16 points, Genting lost six sen to RM7.34, Maxis three sen to RM5.35 while Nestle slipped 72 sen to RM33.

Parkson gave up 17 sen to RM6.03, TSH fell 12 sen to RM2.18 with 137,000 shares done while Pentamaster also gave up 12 sen to 41 sen.

Putrajaya Perdana added 50 sen to RM3.40 on expectations of a general offer, Stemlife jumped 22.5 sen to 89.5 sen with 35.15 shares done while TMC Life Sciences gained 12 sen to 48.5 sen.

Among the FBM KLCI stocks, Tanjong rose 24 sen to RM17.58 while CIMB added two sen to RM13.52 and MISC four sen to RM8.68.

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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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