BURSA MALAYSIA >>> Closing Market Data 25 Aug 2010

MARKET DOWN 0.63% ON PROFIT TAKINGS

FBM KLCI Close Below 1400

Stocks on Bursa Malaysia fell 0.63% to close at 1396.97 points on profit taking activities, in line with weaker regional peers on the back of cautious sentiment among investors following overnight losses on Wall Street.

At 5.00pm the FBM KLCI fell 8.80 points on late selling, pushing the 30-stock index down to end the day at 1,396.97. The market traded within a range of 8.86 points between an intra-day high of 1405.27 and a low of 1396.41 during the session.

Lagging Movers were AXIATA (-8 sen to RM4.42), SIME (-11 sen to RM7.76), IOI (-9 sen to RM5.16), CIMB (-6 sen to RM7.85) and MISC (-15 sen to RM8.75). Leading Movers were GENTING (+9 sen to RM8.99), MAXIS (+4 sen to RM5.45), MAYBANK (+1 sen to RM8.13), YTL (+5 sen to RM7.48) and YTLP (+1 sen to RM2.29).

Turnover was 873 million shares valued at RM1.73 billion. The broader market saw declining stocks beating advancers 585 to 186 while 268 stocks were unchanged.
At Bursa Malaysia, BAT fell the most, down 76 sen to RM43.86 in late selling with 22,100 shares done. Lafarge Cement lost 16 sen to RM6.95 while RHB Cap, HELP and MISC shed 15 sen each to RM6.58, RM3.85 and RM8.75 respectively.
Among glove makers, Hartalega lost 20 sen to RM7.63, Supermax and Latexx-WA 16 sen each to RM5.07 and RM2.65. Glove makers fell on concerns a stronger ringgit could impact their exports in the short-term.
Actively traded stocks include TIMECOM, AXIATA, TEJARI, GENM, GENTING, SIGGAS, MAYBANK, SCOMI, DIALOG and BJCORP.

The Finance Index eased 0.59% to 12642.31 points, the Properties Index slipped 1.06% to 840.63 points and the Plantation Index lost 0.91% to 6500.27 points.

The FBM Emas Index slipped 69.64 points to 9,358.74, the FBM70 Index slid 97.521 points to 9,165.52 and the FBM ACE Index dwindled 48.14 points to 3,738.70.

HAPPY TRADING