Published: Thursday July 26, 2012 MYT 5:28:00 PM
KLCI ends day down 11pts
By Joseph CHin
KUALA LUMPUR: The FBM KLCI posted its biggest decline in recent weeks on Thursday, as investors turned cautious, with plantations and Genting among the decliners but UOA Development bucked the trend after CIMB Equities Research raised the target price.
At 5pm, the 30-stock index was down 11.18 points to 1,623.91. Turnover was 1.15 billion shares valued at RM1.81bil. Losers beat gainers 448 to 274 while 369 counters were unchanged.
Key regional markets were mostly higher with Japan's Nikkei 225 up 0.92% to 8,443.10 and Hong Kong's Hang Seng Index added 0.08% to 18,892.79.
At Bursa Malaysia, BAT fell the most, declining RM1.64 to RM59.36, UMW 31 sen to RM9.51 and Nestle 26 sen to RM59.72 while Genting lost 16 sen to RM9.30.
KPJ fell 16 sen to RM5.79 but IHH Healthcare, which was listed on Wednesday, rose six sen to RM3.15 with 64.1 million shares done.
F&N added 16 sen to RM18.60, Tasek 13 sen higher to RM9.78 after declaring 30 sen dividend a share and Old Town 10 sen to RM1.88.
UOA Development jumped 14 sen to RM1.71 with 11.93 million shares done. CIMB Research has raised the target price of UOA Development to RM2.18.
It said UOA Development, with year-to-date new sales of over RM1.1bil, it has exceeded its full-year target of RM1bil.