Tuesday, July 13, 2010

FBM KLCI opens higher

KUALA LUMPUR: The FBM KLCI opened higher on Tuesday, July 13 and was 3.29 points up to 1,330.03 points at 9.10am, lifted by gains including at Petronas Dagangan (PetDag), BAT, PPB and KLK.

Gainers led losers by 103 to 39, while 80 counters traded unchanged. Volume was 25.59 million shares valued at RM24.05 million.

Among the early gainers, PetDag added 19 sen to RM9.59, SEG International 15 sen to RM2.04, QL Resources eight sen to RM4.24 while K-Star Sports and KFCH added six sen each to RM2.50 and RM10.36.

Meanwhile, BAT, PPB and KLK rose four sen each to RM44.04, RM17.20 and RM16.52, respectively.

Losers included Boustead, PacificMas, Litrak and London Biscuits.

SCOMI MARINE BHD [] shares were actively traded 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 9.10am, the counter fell two sen to 41 sen with four million shares traded.

Under the corporate exercise, Scomi Marine will see it disposing of its coal transportation business to become a marine logistics player. Other actives in early trade included Talam, Titan, Scomi and Transmile.

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