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Monday 14 March 2011

Market Commentary 14 March 2011


The FBM KLCI index lost 0.27 points or 0.02% on Monday. The Finance Index fell 0.15% to 13526.82 points, the Properties Index dropped 0.26% to 1054.1 points and the Plantation Index rose 0.70% to 7664.13 points.

The market traded within a range of 19.68 points between an intra-day high of 1500.21 and a low of 1480.53 during the session. Actively traded stocks include BJRTAIL, IRCB-WA, PERISAI, IRCB, PCHEM, SAAG, DIALOG, HWGB, TANCO and JOTECH-WA. Trading volume decreased to 802.36 mil shares worth RM1179.41 mil as compared to Friday’s 1020.13 mil shares worth RM1853.92 mil.

Leading Movers were PETCHEM (+19 sen to RM6.75), IOICORP (+8 sen to RM5.69), MISC (+16 sen to RM7.66), YTL (+11 sen to RM7.24) and SIME (+2 sen to RM9.05). Lagging Movers were TENAGA (-17 sen to RM6.03), CIMB (-6 sen to RM7.92), PETGAS (-28 sen to RM11.24), PBBANK (-4 sen to RM12.96) and YTLPOWR (-2 sen to RM2.27). Market breadth was negative with 308 gainers as compared to 352 losers.


Source: JF Apex Securities Bhd

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