Kuala Lumpur, May 25 – The FBM KLCI inched up marginally by 0.28% today propped by bargain-hunting on the consumer staples, energy and plantation pure plays. Volume however, remained thin while market breadth remain negative with losers outpaced gainers. Meanwhile, Asian stocks closed mixed today. Both HK and Shanghai equities markets closed in black as Beijing might push for more stimulus for spurring the economy. Oil was heading northwards while coupled with higher food prices meant higher inflationary pressure for central bankers around the world to contain. New home sales in the U.S. fell 16.6% month-on-month in April, the largest decline in nine years, sending U.S. Treasury yields to one-month lows as investors turned once again to safety.
** The FTSE BM KLCI climbed 4.26 points or 0.28% at 1,536.56 .
** The FTSE BM KLCI opened at 1,531.77 . The index fluctuated between 1,531.22 – 1,538.82 .
** 310 counters are gainers, 439 counters are unchanged, while 586 counters are losers.
** Total volume of 2,350,728,920 shares changed hands; while Turnover of RM1,811,540,617.
** The Top 5 Gainers : CARLSBG (22.72, +0.62); NESTLE (133.90, +0.60) ; KLK (26.30, +0.40) ; PETDAG (21.30, +0.40) ; HAPSENG (7.39, +0.20)
** The Top 5 Losers : F&N (20.20, -0.52) ; BKAWAN (27.06, -0.44) ; SAM (4.06, -0.43) ; FANG-2XL (6.46, -0.42) ; HLCAP (6.09, -0.38)
** The Top 5 Most Active Stocks : Cypark (0.39, -0.12), MNC (0.015, UNCHANGED) ; HIBISCS (1.38, -0.06); SERBADK (0.01, UNCHANGED) ; SAPNRG (0.085, UNCHANGED)
** Singapore’s Straits Times Index (STI) dropped 8.56 points or -0.27% to 3,186.48 ; Hong Kong’s HSI climbed 59.17 points or +0.29% at 20,171.27 ; Japan’s Nikkei 225 declined 70.34 points or -0.26% at 26,677.80 ; and Korea’s KOSPI up 11.35 points or +0.44% to 2,617.22 ; Shanghai’s SSE Index rose 36.54 points or +1.19% at 3,107.46 ; Australia’s All Ordinaries up 18.50 points or +0.25% to 7391.70.
