Wednesday, June 9, 2010

FBM KLCI up in early trade

KUALA LUMPUR: The FBM KLCI rose 3.82 points higher to 1,292.00 at 9.05am on Wednesday, June 9, lifted by gains at key blue chips including IOI Corp, Tenaga and Public Bank.

Gainers led losers in early trade by 67 to 15, while 49 counters were unchanged.

Among the gainers in early trade, Top Glove added six sen to RM12.50, IOI Corp and Tenaga up five sen each to RM5.03 and RM8.34, while Public Bank and Axiata rose four sen each to RM11.56 and RM3.81.

Other gainers included MPI, Measat, Bolton, Tien Wah and Zelan.

Kenmark, which resumed trading on Wednesday, fell 4.5 sen to 22.5 sen with 3.66 million shares done.

The company had clarified with Bursa Malaysia on Tuesday over the administrative expenses of RM141.6 million and the provision for doubtful debts.

The company made general provision at 100% for the RM69.81 million in doubtful debts exceeding 12 months while RM12.21 million was for unrealised foreign exchange loss and the remaining amounts for impairment on fixed assets.

Other losers in early trade included MMC Corp, Pos Malaysia, Masteel, SBC Corp, Kwantas and Parkson.

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