Barefoot Investor: Financial News -16th Nov 2010

Kuala Lumpur Composite Index

Stocks on Bursa Malaysia rose 0.12% to close at 1501.56 points amid cautious sentiment. Market sentiment was cautious because of the recent volatility and investors chose to wait on the sidelines for fresh leads. The Finance Index lost 0.21% to 13788.07 points, the Properties Index fell 0.81% to 999.19 points and the Plantation Index added 0.02% to 7772.93 points.

The market traded within a range of 6.52 points between an intra-day high of 1503.56 and a low of 1497.04 during the session. Actively traded stocks include JOTECH, KNM, KBUNAI, TIME, RAMUNIA, HUBLINE, CNI, SALCON, TEJARI and POHKONG.

Trading volume declined to 1086.85 mil shares worth RM1256.45 mil as compared to Friday's 1724.70 mil
shares worth RM2393.77 mil.

Futures Kuala Lumpur Index

FKLI were traded higher in Monday morning. At the opening, Nov10 contract gain 3.50 points to 1494.50 and Dec10 contract increased 2.00 points to 1494.00. At midday, the spot-month FKLI futures dropped 1.50 points to close at 1489.50 points.

At the close, the FKLI ended higher with the spot-month FKLI contract rose 7.50 points to close at 1498.50 points. Turnover was lower at 7379 lots compared to 12037 lots in the previous trading day.

Open interests slipped to 23804 contracts from 24470 contracts previously.
The underlying FBM KLCI index rose 1.75 points to 1501.56 at the close.

Futures Crude Palm OilFCPO benchmark of Feb11 contract opened at RM3311 per ton on Monday. At the close of Monday, Dec10 contract added RM2.00, Jan11 contract gained RM26.00, Feb11 contract moved up RM17.00, and Mar11 contract increased RM24.00.

Volume declined to 23,282 lots from 29,159 lots a day ago, while open interests slipped to 73,634 contracts from 74,477 contracts previously.


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