Business

Published: Monday November 19, 2012 MYT 9:21:00 AM
Updated: Monday November 19, 2012 MYT 12:47:10 PM

FBM KLCI lower at noon

Choong En Han


KUALA LUMPUR: The FBM KLCI ended the morning session with heavyweights like BAT and DiGi weighing down the local bourse.

At 12.30pm, the FBM KLCI was down 5.04 points to 1,624.24. Turnover was 341.94 million shares valued at RM399.9mil. There were 205 gainers, 322 losers and 288 counters unchanged.

During the day, Singapore-listed Golden Agri-Resources Ltd, the world's second largest palm oil plantation company, has issued its first Islamic bond, or sukuk, in Malaysia worth RM1.5bil.

The Islamic medium-term notes, part of a 5 billion ringgit program established earlier this month, will have a tenure of five years and mature in Nov 2017.

Meanwhile, Asian shares rose on positive sentiments from the US equities last week, while the yen fell to a near seven-month low against the dollar on expectations a new government after next month's election in Japan may deliver more stimulus.

The MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, recovering from Friday's nine-week low.

At Bursa Malaysia, IOI Corp shed four sen to RM4.93, TM down five sen to RM5.46 and PetGas lost eight sen to RM19.04.

Genting rose six sen to RM9.14 while YTL, YTL Power and Maxis all edged up one sen each to RM1.73, RM1.54 and RM6.44 respectively.

Among the plantations, Kuala Lumpur Kepong declined 14 sen to RM20.60 and Felda Global shed one sen to RM4.66.

Actives, MAS gained three sen to RM1.04, Biosis gained 1.5 sen to 32.5 sen and Patimas was flat at 3 sen.

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