Thursday, August 26, 2010

FBM KLCI stays in positive territory at mid-morning

KUALA LUMPUR: Regional markets advanced marginally on Thursday, Aug 26 after the overnight improvement on Wall Street which saw oversold US stocks being snapped up by investors on bargain hunting.

At Bursa Malaysia, the 30-stock FBM KLCI rose 2.89 points to 1,399.86 at 10.10am. Gainers led losers by 188 to 159, while 197 counters traded unchanged. Volume was 125.09 million shares valued at RM149.02 million.

Among the top gainers, BAT was up 54 sen to RM44.40, HELP International added 16 sen to RM4.01, PPB and Tradewinds were up 14 sen each to RM17.04 and RM3.67 while Hap Seng gained 10 sen to RM2.75.

Meanwhile, Allianz and Lay Hong added nine sen each to RM4.25 and RM1.74, and Axiata up seven sen to RM4.49.

Nestle was the top loser and fell 28 sen to RM39.20, LPI Capital and KFCH lost 10 sen each to RM18.10 and RM10.48, while YTL Cement, Tenaga, Kulim and Genting fell six sen each to RM4, RM8.70, RM8.37 and RM8.93, respectively.

Carotech was the most actively traded counter this morning with 7.3 million shares done. The stock was unchanged at eight sen.

Other actives included Mithril, axiata, XDL, Timecom, Zelan and Compugates.

At the regional markets, Japan's Nikkei 225 was up 0.31% to 8,872.52, the Shanghai Composite Index added 0.39% to 2,606.69, the South Korean Kospi was up 0.45% to 1,742.56 and Singapore's Straits Times Index added 0.15% to 2,930.97.

Taiwan's Taiex fell 0.44% to 7,702.27 while Hong Kong's Hang Seng Index opened 0.2% lower at 20,603.18.

No comments:

Post a Comment