Market up on mild bargain hunting

  • Business
  • Thursday, 20 Dec 2012

KUALA LUMPUR: The FBM KLCI saw the 30-stock advancing slightly to end Thursday up on some mild bargain hunting. Markets are winding down as investors leave for their Christmas and year end holidays.

At 5pm, the FBM KLCI was up 4.96 points to 1,670.6 on volume of 883.82 million shares. Turnover was RM1.38bil. There were 358 gainers, 273 losers and 333 stocks unchanged.

Among the key regional markets, Japan's Nikkei 225 was down 1.19% to 10,039.33; Hong Kong's Hang Seng Index surged 0.16% to 22,659.78;

Shanghai's Composite Index added 0.28% to 2,168.35 while Taiwan's Taiex dropped 1.07% to 7,595.46 and South Korea's Kospi added 0.32% at 1,999.5. Singapore's Straits Times Index rose 0.33% to 3,169.06.

US light crude oil was down 41 cents to US$89.56. Spot gold added US$3.32 ro US$1,670.57.

The ringgit was firmer against the US dollar at 3.0563.

Crude palm oil for third-month futures was down RM16 to RM2,315.

At Bursa Malaysia, BAT was a top gainer, gaining RM1 to RM60.50, followed by AEON which gained 58 sen to close at RM12.64. Losers included

Nestle which was down 50 sen to RM63.30 and Carlsberg which closed 22 sen lower to RM12.54.

Hogging the volumes list was Sanichi, which was up 10 sen to close at 30 sen on volume of 53.28 million shares. XOX gained 2.5 sen to close at 18.5 sen on volume of 39.83 million shares while MAS closed 5 sen higher to 74 sen on volume of 36.43 million shares.

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