MARKET DEVELOPMENT
Lacklustre Trading Day on Bursa Malaysia (Update)
Lacklustre Trading Day on Bursa Malaysia (Update)
27/08/2014 (The Star) - Malaysia's blue chips ended Tuesday slightly lower in the absence of strong institutional players to take the lead despite some encouraging corporate results at the midday break.
At 5pm, the FBM KLCI was down 0.49 of a point or 0.03% to 1,861.82. Turnover was 3.29 billion shares valued at RM2.12bil. Gainers beat losers 435 to 382 while 320 counters were unchanged.
Key regional markets closed mixed while European shares were barely changed in early trade. The FTSEurofirst 300 index was flat at 1,366.57.
Reuters reported the euro hit its lowest level in nearly a year against the dollar and euro zone government bond yields fell on Tuesday on growing expectations the European Central Bank could ease monetary policy as soon as next week.
At Bursa Malaysia, consumer stocks were among the major losers, with F&N falling 34 sen to RM17.46 in thin trade of 400 shares while Carlsberg lost 22 sen to RM12.24.
Among the plantations, United Plantations fell 22 sen to RM27.10 and PPB Group 16 sen lower at RM14.74 but TAHPS rose 30 sen to RM9.50, KL Kepong gained 12 sen to RM22.22 and IOI Corp seven sen to RM4.73.
Crude palm oil for third-month delivery fell RM18 to RM2,012 as prices continued to come under pressure4 though the RM2,000 level provided support.
Petronas Dagangan fell 20 sen to RM20.80 while Petronas Gas lost six sen to RM22.22 and Petronas Chemicals five sen to RM6.35.
Construction-based Pintaras fell 14 sen to RM4.37 on profit taking after the recent run-up when it secured several projects to undertake the sub-structure and foundation for major buildings.
Among the banks. Maybank fell four sen to RM10.04 and CIMB one sen to Rm7.18 but AmBank gained three sen to RM6.96 while Hong Leong Bank and RHB Capital added two sen each to RM14 and RM9.09.
Hong Leong Capital was the top gainer, adding 40 sen to RM12.90. Its earnings rose 31.7% to RM118.81mil in the financial year ended June 30, 2014 from RM90.22mil in FY13. It declared an interim dividend of 20.65 sen a share.
Pharmaceutical-based CCM Duopharma Biotech rose 17 sen to RM3.37. Household furniture manufacturer Latitude Tree rose 17 sen to RM3.69 while property based Gabungan AQRS added 14 sen to RM1.73 and IOI Properties Group 13 sen to RM2.51.
Gamuda, which is involved in property, construction and water, added 14 sen to RM5.
The ringgit firmed up against the US dollar to 3.1600 versus the previous close of 3.1630.
Among the key regional markets,
Japan's Nikkei 225 fell 0.59% to 15,521.22;
Hong Kong's Hang Seng Index fell 0.37% to 25,074.50;
Shanghai's Composite Index lost 0.99% to 2,207.11;
Taiwan's Taiex rose 0.04% to 9,393.96;
South Korea's Kospi rose 0.35% to 2,068.05 and
Singapore's Straits Times Index fell 0.22% to 3,323.02
US light crude oil rose 19 cents to US$93.54 and Brent 16 cents to US$102.81.
Spot gold rebounded US$9.61 to US$1,286.54
At 5pm, the FBM KLCI was down 0.49 of a point or 0.03% to 1,861.82. Turnover was 3.29 billion shares valued at RM2.12bil. Gainers beat losers 435 to 382 while 320 counters were unchanged.
Key regional markets closed mixed while European shares were barely changed in early trade. The FTSEurofirst 300 index was flat at 1,366.57.
Reuters reported the euro hit its lowest level in nearly a year against the dollar and euro zone government bond yields fell on Tuesday on growing expectations the European Central Bank could ease monetary policy as soon as next week.
At Bursa Malaysia, consumer stocks were among the major losers, with F&N falling 34 sen to RM17.46 in thin trade of 400 shares while Carlsberg lost 22 sen to RM12.24.
Among the plantations, United Plantations fell 22 sen to RM27.10 and PPB Group 16 sen lower at RM14.74 but TAHPS rose 30 sen to RM9.50, KL Kepong gained 12 sen to RM22.22 and IOI Corp seven sen to RM4.73.
Crude palm oil for third-month delivery fell RM18 to RM2,012 as prices continued to come under pressure4 though the RM2,000 level provided support.
Petronas Dagangan fell 20 sen to RM20.80 while Petronas Gas lost six sen to RM22.22 and Petronas Chemicals five sen to RM6.35.
Construction-based Pintaras fell 14 sen to RM4.37 on profit taking after the recent run-up when it secured several projects to undertake the sub-structure and foundation for major buildings.
Among the banks. Maybank fell four sen to RM10.04 and CIMB one sen to Rm7.18 but AmBank gained three sen to RM6.96 while Hong Leong Bank and RHB Capital added two sen each to RM14 and RM9.09.
Hong Leong Capital was the top gainer, adding 40 sen to RM12.90. Its earnings rose 31.7% to RM118.81mil in the financial year ended June 30, 2014 from RM90.22mil in FY13. It declared an interim dividend of 20.65 sen a share.
Pharmaceutical-based CCM Duopharma Biotech rose 17 sen to RM3.37. Household furniture manufacturer Latitude Tree rose 17 sen to RM3.69 while property based Gabungan AQRS added 14 sen to RM1.73 and IOI Properties Group 13 sen to RM2.51.
Gamuda, which is involved in property, construction and water, added 14 sen to RM5.
The ringgit firmed up against the US dollar to 3.1600 versus the previous close of 3.1630.
Among the key regional markets,
Japan's Nikkei 225 fell 0.59% to 15,521.22;
Hong Kong's Hang Seng Index fell 0.37% to 25,074.50;
Shanghai's Composite Index lost 0.99% to 2,207.11;
Taiwan's Taiex rose 0.04% to 9,393.96;
South Korea's Kospi rose 0.35% to 2,068.05 and
Singapore's Straits Times Index fell 0.22% to 3,323.02
US light crude oil rose 19 cents to US$93.54 and Brent 16 cents to US$102.81.
Spot gold rebounded US$9.61 to US$1,286.54