Published: Monday April 30, 2012 MYT 6:00:00 PM
KLCI closes off day's best on late selling
By Wong Mei Shen
KUALA LUMPUR: The FBM KLCI closed off its day's best on Monday on late selling of key index stocks while volume shrank below the one billion units on the eve of the Labour Day holiday.
At 5pm, the KLCI was up 0.18% or 2.81pts to 1,570.61 but below the intra-day high of 1,574.49. Turnover was 945.42 million shares valued at RM1.382bil. Losers beat gainers nearly four to three with 388 decliners against 297 advancers while 318 were unchanged.
For April, the KLCI was down 25.72 points or 1.61% from March 30's 1,596.33.
Among the key regional markets, Taiwan's Taiex gained 0.28% to 7,501.72, South Korea's Kospi added 0.34% to 1,981.99 but Singapore's Straits Times Index fell 0.28% to 2,973.12. Japan and China were closed.
Nymex crude oil fell 39 cents to US$104.54 while Brent lost 50 cents to US$119.33. Spot gold gained 39 cents to US$1,663.70. Crude palm oil futures fell RM16 to RM3,489.
The ringgit was quoted at 3.0275 against the US dollar and 4.0092 against the euro.
Meanwhile in Europe, criticism of the German-led austerity agenda in election campaigns in France and Greece are being amplified due to the recession in Spain and forecasts of rising unemployment in the 17-nation euro area.
At Bursa Malaysia, the KLCI was lifted by gains in CIMB and DiGi, which contributed 1.40 points and 0.551 points to the index respectively. CIMB added eight sen to RM7.41 and DiGi three sen to RM4.04.
Among top losers were Petronas Gas losing 16 sen to RM16.78 and MMHE 15 sen lower at RM5.04. Bumi Armada lost seven sen to RM3.99 and its call warrant Bumi Armada-CH also fell seven sen to six sen.