Barefoot Investor: Financial News - 15th Nov 2010

Kuala Lumpur Composite Index

Stocks on Bursa Malaysia fell 0.92% to close at 1499.81 points on continuous selling pressure, after falling as much as 1.7% earlier, as investors opted to offload their holdings after global equity markets slumped on lingering concerns over eurozone debt and speculation that China may raise interest rates.

The Finance Index lost 0.36% to 13816.61 points, the Properties Index fell 2.07% to 1007.38 points and the Plantation Index eased 1.09% to 7771.76 points. The market traded within a range of 24.47 points between an intra day high of 1512.53 and a low of 1488.06 during the session. Actively traded stocks include TIME, ESCERAM-WA, KBUNAI, JOTECH, KNM, AXIATA, HUBLINE, DRBHCOM, TIMECOM and SALCON. Trading volume increased to 1724.70 mil shares worth RM2393.77 mil as compared to Thursday's 1576.62 mil shares worth RM2279.65 mil.

Futures Kuala Lumpur Index

FKLI were traded higher in Friday morning. Spot-month contracts rose 0.50 points to1513.00. At midday, the spot-month FKLI futures dropped 12.50 points to close at 1500.00 points.

At the close, the FKLI ended lower with the spot-month FKLI contract weaken by 21.50 points to close at 1491.00 points. Turnover was higher at 12037 lots compared to 6698 lots in the previous trading day.
Open interests increased to 24470 contracts from 24260 contracts previously. The underlying FBM KLCI index dropped 13.89 points to 1499.81 at the close.

Futures Crude Palm Oil

FCPO benchmark of Jan11 contract opened at RM3333 per ton on Friday. At the close of Friday, Nov10 contract dropped RM55.00, Dec10 contract missed RM55.00, Jan11 contract lose RM43.00, and Feb11 contract slipped RM44.00.

Volume declined to 29,159 lots from 33,441 lots a day ago, while open interests increased to 74,477 contracts from 73,537 contracts previously. (Source: The Edge)


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