Monday, June 30, 2008

Market opens on weak note, TMI falls

KUALA LUMPUR: The market opened on a cautious note Monday, with some blue chips continuing to lose ground from last week, including TM International, despite some mild window-dressing activities.

At 9.30am, the KL Composite Index was down 6.01 points to 1,184.53 points. Turnover was 30.91 million shares valued at RM86mil. There were 47 gainers, 182 losers and 90 counters unchanged.

Japan’s Nikkei 225 rose 9.19 points or 0.07% to 13,553.55 and Singapore’s Straits Times Index added 0.48% to 2,970.09. Shanghai’s A Share Index fell 32.48 points or 1.13% to 2,850.46.

Light crude oil was trading at US$141.48 (RM461.72) per barrel.

TM International was the top loser, down 35 sen to RM6.05, LPI fell 30 sen to RM11.50 while AEON, MISC foreign and Public Bank foreign fell 10 sen each to RM4.10, RM8.15 and RM10.30 respectively.

Widetec lost 28 sen to 70 sen,WCT 12 sen to RM2.96 and SMI 10.5 sen to 19.5 sen.

Tenaga advanced 10 sen to RM8.20. Kulim rose 15 sen to RM9.65 while KFCH, KL Kepong and YTL added 10 sen each to RM6.40, RM17.50 and RM6.90 respectively.

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