FINANCIAL KLSE MALAYSIA STOCK MARKET TRADING PICKS

MARKET UPDATES :

• The FBM KLCI index gained 0.67 points or 0.04% on Thursday. The Finance Index increased 0.12% to 14959.41 points, the Properties Index dropped 0.08% to 1189.26 points and the Plantation Index down 0.42% to 7775.89 points. The market traded within a range of 8.03 points between an intra-day high of 1729.13 and a low of 1721.10 during the session.

• Actively traded stocks include SUMATEC, EKA, KNM, AAX, SONA-WA, VIVOCOM, AIRASIA, PARKSON-CP, HHHCORP and AAX-WA. Trading volume decreased to 1629.37 mil shares worth RM1946.11 mil as compared to Wednesday’s 1847.82 mil shares worth RM2063.13 mil.

• Leading Movers were KLCC (+14 sen to RM7.39), SIME (+9 sen to RM7.99), RHBCAP (+5 sen to RM6.10), MISC (+7 sen to RM8.99) and PETGAS (+14 sen to RM22.10). Lagging Movers were UMW (-17 sen to RM6.78), AMMB (-7 sen to RM4.50), WPRTS (-6 sen to RM4.19), YTL (-2 sen to RM1.62) and MAXIS (-6 sen to RM6.01). Market breadth was negative with 364 gainers as compared to 437 losers.

• The KLCI inched up to 1723.78 points amid overnight gains in US market. The performance of our local bourse was in tandem with our regional peers following jump in China’s export.