Wednesday, December 1, 2010

Market opens weaker

KUALA LUMPUR: Blue chips started the new month of December on a weaker note, as sentiment was impacted by external factors and mixed corporate results.

At 9.18am, the FBM KLCI was down 2.19 points to 1,483.04. Turnover was 41.17 million shares valued at RM36.86 million. There were 39 gainers, 50 losers and 59 stocks unchanged.

KL Kepong fell 10 sen to RM20.12 with 1,700 shares done while BAT gave up eight sen to RM44.18.

MMHE lost six sen to RM4.68, Public Bank shed four sen to RM17.84 while down four sen each also were PPB, YTL and CIMB to RM17.84, RM8.20 and RM8.40 respectively.

JCY shed four sen to a fresh low of 85.5 sen after reported net losses of RM22.55 million in the fourth quarter ended Sept 30, 2010.

Written by Joseph Chin

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