bursa malaysia

Market Commentary

26 November 2009

Stocks in Bursa Malaysia drop slightly as FBM KLCI lost 0.39 points to close at 1270.61 on Thursday as investors took profit ahead of the long weekend. The Finance Index decreased 0.53% to 10902.77 points while the Properties Index lost 0.43% to 775.06 points. However, Plantation Index gained 0.22% to 6245.94 points. The market traded within a range of 5.03 points between an intra-day high of 1273.85 and a low of 1268.82 during the session. Actively traded stocks include HARVEST-WA, MAXIS, GAMUDA, MAXIS-CA, HUBLINE-WA, MTONE, KNM, PROTON-CB, MAXIS-CD and GPACKET-WA. Trading volume increased to 764.66 mil shares worth RM988.61 mil as compared to Wednesday’s 753.11 mil shares worth RM1041.66 mil.

Lagging Movers were MAYBANK (-9 sen to RM6.83), AXIATA (-2 sen to RM3.10), GENTING (-3 sen to RM7.05), PUBLIC BANK (-2 sen to RM10.92) and GENTING MALAYSIA (-2 sen to RM2.85).

Leading Movers were MISC (+14 sen to RM8.97), MAXIS (+7 sen to RM5.37), SIME DARBY (+3 sen to RM9.01), YTL POWER (+3 sen to RM2.27) and ASTRO (+8 sen to RM3.52).

Market breadth was negative with 401 losers as compared to 267 gainers.