KLCI eases in early trade, Sime, Genting weigh

  • Business
  • Tuesday, 14 May 2013

KUALA LUMPUR: Malaysia's blue chips slipped in early trade on Tuesday on mild profit taking of key stocks like Sime Darby and GENTING BHD, but the underlying tone of the market was firm.

At 9.02am, the FBM KLCI was down 1.58 points to 1,786.32. Turnover was 70.03 million shares valued at RM31.20mil. There were 197 gainers, 49 losers and 155 counters unchanged.

Hwang DBS Vickers Research said the KLCI, after staging a surprisingly strong performance on Monday, the market could take a breather.

"The key KLCI - which advanced by 15.5-point or 0.9% to settle at a new closing high of 1,787.90 - may oscillate around its resistance-turned-support line of 1,785 ahead," it said.

United Plantations and Tasco fell 14 sen to RM27.10 and RM2.25 whileHLFG and Lafarge lost 12 sen each to RM15.58 amd RM10.80.

Sime Darby lost seven sen to RM9.51 and Genting six sen ti RM.91.

Consumer stocks were mostly higher except for GAB, which fell 10 sen to RM20.20. Nestle rose 50 sen to RM65.50 and BAT 46 sen higher to RM64.46 in very thin trade.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

KLCI , Early Trade , Sime , Genting


Did you find this article insightful?


Across The Star Online