ZLBT Chats

Friday, August 7, 2009

Blue chips give up morning gains

Blue chips gave up their gains at the midday break on Aug 7, as investors took profit ahead of the weekend, mirroring the cautious sentiment on regional markets before a key U.S. jobs report.

At 12.30pm, the FBM KLCI was marginally lower by 0.05 point to 1,183.92. Turnover was 572.37 million shares valued at RM898.56 million. There were 220 gainers, 371 losers and 205 counters unchanged.
Among the decliners were DiGi, which fell 20 sen to RM21.72, BAT also 20 sen lower to RM47.80 while Parkson gave up 17 sen to RM5.36 and Hartalega 15 sen lower at RM5.37. Kulim shed 11 sen to RM7.37 and Genting 10 sen to RM6.30.

Axiata rose on fund buying as investors viewed the recent corporate exercises, including the rights issue by its Indonesian operations Excelcomindo, as positive for the group.

Axiata-CC was the most active with 41.3 million shares done, adding 4.5 sen to 19.5 sen. Axiata rose 15 sen to RM3.08.
Dijaya surged 18 sen to RM1.22 as it came under the spotlight of investors as an undervalued stock.

YTL Corp was the top gainer, adding 21 sen to RM7.25. MAS added 14 sen to RM3.24 while NSTP added 11 sen to RM1.75 after it said the shareholders were mulling a demerger or privatisation.

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