Tuesday, July 13, 2010

FBM KLCI extends gains

KUALA LUMPUR: The FBM KLCI extended its gains at mid-morning on Tuesday, July 13 lifted by gains including at Maybank, Axiata, CIMB and Petronas Dagangan (PetDag).

At 10am, the benchmark index rose 4.36 points to 1,331.10 points, extending its gains for the sixth consecutive day. Gainers outpaced losers by 193 to 118, while 173 counters traded unchanged. Volume was 91.2 million shares valued at RM116.73 million.

Among the major gainers Tuesday morning, Maybank added four sen to RM7.66; CIMB, Genting Malaysia and MMC Corp rose three sen each to RM7.13, RM2.69 and RM2.44 respectively, while Axiata was up two sent to RM4.14.

Genting was up six sen to RM7.43, KFCH 30 sen to RM10.60, PetDag and Panasonic up 18 sen each to RM9.58 and RM18.22, respectively, while SEG International rose 17 sen to RM2.06.

Among the losers this morning, Shell fell 10 sen to RM10.70, Mamee down five sen to RM3.36, PetGas four sen to RM10.12, while Litrak, Aeon Credit and PacificMas fell three sen each to RM3.08, RM3.89 and RM4.52, respectively.

SCOMI MARINE BHD [] shares were actively traded this morning after the company proposed a sale of its assets to its Indonesian subsidiary PT Rig Tenders (PTRT) for US$171.8 million (RM550 million), an exercise that will leave the company principally as a cash-rich shell.

At 10am, there were 8.65 million Scomi Marine shares traded. The counter fell 1.5 sen to 41.5 sen.

Under the corporate exercise, Scomi Marine will see it disposing of its coal transportation business to become a marine logistics player.

Other actives included Transmile, Titan, Talam, Voir, Axiata and Scomi.

At the regional markets, Japan's Nikkei 225 rose 0.34% to 9,580.23 points, the South Korean Kospi Index up 0.22% to 1,737.86 points, Taiwan's Taiex Index 0.06% to 7,643.84 points while Singapore's Straits Times Index rose 0.22% to 2,931.71 points.

The Shanghai Composite Index fell 1.4% to 2,455.96 points and Hong Kong's Hang Seng Index opened 0.1% lower at 20,453.84 points.

No comments:

Post a Comment