Published: Wednesday May 8, 2013 MYT 1:32:00 PM
KLCI slips on mild profit taking
By Joseph Chin
At 12.30pm, the FBM KLCI fell 1.73 points or 0.1% to 1,775. Turnover was 974.50mil shares valued at RM1.43bil. There were 316 gainers, 374 losers and 263 counters unchanged.
JF Apex Research said it had expected to see some profit taking on government-linked companies and index-linked stocks after the two-day rally.
The KLCI surged to an all-time intra-day high of 1,826 on Monday on a relief rally after Barisan Nasional secured the mandate to rule the country after Sunday's 13th General Elections.
Genting Malaysia fell 11 sen to RM3.78 amd erased 1.17 points from the KLCI. But Genting Bhd rose four sen to RM10.88.
MAS rights shares, MAS-OR fell 1.5 sen to 8.5 sen with 129.97 million units done. MAS lost 0.5 sen to 37 sen.
The ringgit firmed up against the US dollar to 2.9755 from the previous close of 2.9797.
Among the key regional markets:
Japan's Nikkei 225 rose 0.87% to 14,303.51;
Hong Kong's Hang Seng Index rose 0.62% to 23,191.09;
Shanghai's Composite Index rose 0.27% to 2,241.54;
Taiwan's Taiex rose 1.07% to 8,250.61
South Korea's Kospi rose 0.08% to 1,955.87;
Singapore's Straits Times Index rose 0.86% to 3,412.23.
US light crude oil rose 14 cents to US$95.76 but Brent fell six cents to US$104.34.
Spot gold rose US$2.16 to US$1,454.85.