Tuesday, 19 July 2011

Markets diverged, Inari most actively traded stock

Closed day report for KLSE with mix closing
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KUALA LUMPUR: Asian markets saw mixed fortunes at the close of today's trade.
Hong Kong's Hang Seng Index recovered late in the day to finish 0.45% higher at 21,902.40 and Singapore's Straits Times Index rose 0.56% to 3,096.12, as investors slowed down in the sales of risky stocks against a backdrop of concerns over debt crises in the United States and the euro-zone.
The benchmark FBM KLCI ended today's trade 0.44% lower to 1555.64.
At Bursa Malaysia, losers outpaced gainers by 441 to 292 while 330 other counters were traded unchanged.
There were 995.24 million shares done with a total turnover of RM1.94 billion.
Among the gainers were MSM Malaysia Holdings Bhd which was up 16 sen to RM5.46, BTM Resources Bhd which rose 11 sen to 41.5 sen and Sindora Bhd which rose 19 sen to RM2.53. Meanwhile, Inari Bhd's debut on the ACE Market of Bursa Malaysia today saw its stock as the most actively traded, rising 6.5 sen to 44.5 sen with 44,891,100 shares changing hands.
The losers included Mah Sing Group Bhd which fell 13 sen to RM2.22, CIMB Group Holdings Bhd which slipped 12 sen to RM8.44 and Asas Dunia Bhd which dipped 23 sen to RM1.10.
At 5pm today, spot gold and silver continued to stay at record highs.
Spot gold was 69 cents lower at US$1,604.10 per ounce while silver fell 20 cents to US$40.35.
Nymex crude oil in electronic trade gained 89 cents to US$96.82 per barrel while Brent crude added 90 cents to US$116.95.
Crude palm oil futures for October delivery was up RM23 to RM3,101 per tonne. The ringgit was quoted at 3.006 to the US dollar and 4.264 to the euro.

Source: The Star

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