Sign up | Log in



Home  >>   Daily News  >>   Malaysia News  >> Capital Markets  >> Banks weigh on KLCI

NEWS UPDATES Asean Affairs   10 May 2013  

Banks weigh on KLCI

Malaysia's FBM KLCI retreated as much as 7.6 points to 1,766.39 in mid morning trade on Thursday as more investors were seen locking in the hefty gains recorded on Monday and Tuesday.

At 10.28am, the KLCI was down 5.95 points to 1,768.05. Turnover was 689.88 million shares valued at RM487.41mil. The broader market was firmer, with 293 gainers, 174 losers and 210 counters unchanged.

Maybank Investment Bank Research said the KLCI's resistance level of 1,774 and 1,826 would cap market gains, whilst obvious support areas were at 1,718 and 1,769.

"The KLCI's recent swings were: 1,699.68 (high), 1,597.00 (low), 1,664.39 (high) and 1,613.94 (low). We prefer to take a 'Trading' stance on the index as a gap-up move between 1,718.44 (previous all-time high) and 1,743.14 (Monday's low) has emerged," said the research house.

CIMB fell 19 sen to RM8.38, Public bank foreign 16 sen to RM16.60 while Public Bank and Maybank fell 14 sen each to RM16.62 and RM10.02.

Among plantations, United Plantations slid 78 sen to RM27.10 and Batu Kawan lost six sen to RM18.60.

Nestle lost 56 sen to RM63.84, Petronas Dagangan 20 sen to RM24.40 and Aeon 12 sen lower at RM15.50.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    10 May 2013 Subsribe Now !
• Thai cement maker SCG to build factory, upbeat about market Subcribe: Asean Affairs Global Magazine
• Banks weigh on KLCI Asean Affairs Premium
• RB, ALSB seal cargo partnership deal
• Industry players see better future promoting local invention, IP
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• VN, China defence ministers meet
• Policy supports apartment renovations
• Tax cuts proposed to boost tourism sector
Asean Analysis            9 May 2013 Advertise Your Brand
• Asean Analysis- May 9, 2013  
• Asean Weekly- May 3, 2013 Sponsor Our Events
Asean Stock Watch     10 May 2013
• Asean Stock Watch-May 10, 2013  

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand