Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR: The FBM KLCI stayed in positive territory at midday Tuesday, May 11 while most Asian stock markets slipped into the red, with Hong Kong's Hang Seng Index down by more than 1.6% on profit taking.

The FBM KLCI, which was the laggard among the key regional markets, fared better than its peers, adding 6.05 points to 1,340.02 to stay in positive territory at midday, with notable gains from Genting, Sime and CIMB.

There were 426.7 million shares traded valued at RM617.89 million. Gainers led losers by 303 to 279, while 276 counters traded unchanged.

Over at regional markets, the Hang Seng Index fell 1.6% to 20,097.58, Japan's Nikkei 225 lost 0.76% to 10,450.97, the Singapore Straits Times Index fell 0.32% to 2,871.38, while the Shanghai Composite Index added 0.43% to 2,710.27.

The South Korean Kospi was down 0.32% to 1,672.24 while Taiwan's TAIEX Index fell 0.27% to 7,644.24.

Crude palm oil futures for the third month delivery fell RM21 per tonne to RM2,502 while crude oil fell 34 cents per barrel to US$76.46 at 1.10pm.

Among the FBM KLCI component stocks, Genting was up 13 sen to RM6.90, CIMB up 10 sen to RM14.38 while Sime rose eight sen to RM8.64.

DiGi added 22 sen to RM23, KFCH up 20 sen to RM8, F&N and PPB rose 16 sen each to RM10.98 and RM17.56.

Other gainers were KKB, up 15 sen to RM6.08 while Naim, Batu Kawan and Tanjong gained 12 sen each to RM3.30, RM10.80 and RM17.56, respectively.

Meanwhile, Ewein was up 12.5 sen to 94.5 sen.

Nestle was top loser at midday and fell 46 sen to RM33.82; DFZ Capital lost 25 sen RM4, Mulpha Land down 11.5 sen to 46.5 sen, Malayan Flour Mills down 9 sen to RM4.11 while Petra Energy fell 7 sen to RM1.40.

Talam was the most actively trade stock with 26 million shares done at midday. The counter was unchanged at 14 sen. Other actives included Johan, KNM, Saag, Berjaya Corp and Maxbiz.

      Print
      Text Size
      Share