Tuesday, July 13, 2010

FBM KLCI notches 6th day of gains

KUALA LUMPUR: Share prices on Bursa Malaysia ended higher on Tuesday, July 13, notching its sixth day of gains with the FBM KLCI closing at its highest point for the day at 1,332.87.

The overall market sentiment was firm, with nibbling seen in selected counters including KFCH, DiGi and United PLANTATION []s, PLUS Expressways as investors sought high-yielding stocks and those with fresh corporate news.

The FBM KLCI bucked key regional markets where sentiment was dampened by reports Beijing will not relax tougher property measures any time soon.

Throughout the day, the main index moved between 1,328.71 and 1,332.87. The FBMKLCI had opened 3.13 points higher at 1,329.87.

The INDUSTRIAL INDEX [] added 4.56 points to 2,645.74, the Plantation Index improved 21.72 points to 6,298.93 and the Finance Index advanced 36.03 points to 12,011.55.

The FBM Emas Index rose 35.88 points to 8,991.51, the FBM70 [] Index surged 27.11 points to 8,992.38 while the FBM Ace Index increased 27.58 points to 3,768.64.

Gainers thumped losers by 363 to 283 while 290 counters were unchanged, 426 untraded and 24 others suspended. Total volume slipped to 574.317 million shares valued at RM1.085 billion.

Among active stocks, Scomi Marine added six sen to 49 sen on expectatins of a capital repayment , Kenmark shed 2.5 sen to six sen and Axiata Group added one sen to RM4.13.

As for top gainers, DiGi.Com gained 50 sen to RM23.48, KFC Holdings surged 32 sen to RM10.62 and United Plantations increased 30 sen to RM14.30.

Among the heavyweights, Maybank added two sen to RM7.64, CIMB Group rose three sen to RM7.13 while Sime Darby and Maxis edged up one sen each to RM7.74 and RM5.30 respectively.

Tenaga and MISC added three sen each to RM8.48 and RM8.82 respectively. - Bernama/Edge FD

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