KLCI down 0.11% at midday

  • Business
  • Monday, 03 Nov 2014

KUALA LUMPUR: The FBM KLCI was down 0.11% to 1,853.2 points at the midday break on Monday, after last Friday’s gain when it went up 12.37 points to close at 1,855 following the Bank of Japan’s surprise announcement that it would expand its monetary stimulus lifted equities worldwide.

There were 1.108 billion shares traded, with turnover at RM879mil. Winners led losers with 408 counters trading up against 330 down, while 292 counters were unchanged.

Generally, traders in the region appear to be taking a breather after last week’s surge, with Asian equities mixed today. 

Singapore’s Straits Times Index was up 0.35%, while Jakarta was down 0.26%. Korea’s Kospi was 0.73% lower, while Shanghai added 0.61% and Hong Kong’s Hang Seng lost 0.1%.

According to HLIB Research, KLCI might witness further rebound in the early part of this week, but it warned that profit-taking activities were likely to emerge. It put weekly resistances near the 1860-1870 zones whilst supports fall on 1,840-1,850 levels.

JF Apex Research weighed in by saying it expected the index to hover around 1,850 points with potential profit-taking expected.

PetGas lost 38 sen to RM22.10, wiping out 1.317 points from the index, while CIMB took out 1.033 points after losing 5 sen to RM6.42 and KLCC Property lost 11 sen to RM6.70, deducting 0.569 points from the index.

Top losers were BAT, which fell 86 sen to RM68.64, PetGas (down 38 sen to RM22.10), United Plantation (down 32 sen to RM25.30) and LPI (minus 20 sen to RM18.06).

Gainers included Nestle (up 50 sen to RM69), Dutch Lady (plus 42 sen to RM46.92), Tasco (plus 40 sen to RM3.40) and F&N which added 32 sen to RM16.30.

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