Wednesday, September 29, 2010

Broader market firmer, KLCI off day's best

KUALA LUMPUR: The broader market was firmer at the midday break on Wednesday, Sept 29 but the FBM KLCI was off the morning's best amid some mild profit taking.

At 12.30pm, the FBM KLCI wa sup 2.82 points to 1,462.46. Turnover was 426.2 million shares valued at RM542.95 million. There were 333 gainers to 253 losers and 282 stocks unchanged.

The ringgit was stronger against the US dollar at 3.0840 while crude palm oil futures fell Rm25 to RM2,712. Light crude oil was 39 sen higher at US$76.57.

Nikkei 225 +0.83% 9,574.26 Hang Seng Index +1.28% 22,392.09 Shanghai Composite Index +0.5% 2,624.33 Singapore Straits Times Index +0.49% 3,112.65 ''

At Bursa Malaysia, Puncak Niaga rose 24 sen to RM3.06 on expectations of some resolution to the impasse in the Selangor water industry.

Sime added 17 sen to RM8.56 with 1.95 million shares done. Nestle added 20 sen to RM42.

Masterskill advanced 13 sen to RM3.16 with 1.52 million shares done. It announced during the midday break that it has received the certificate of registrations for its Kuching campus.

MAHB, UEM Land and KFCH added 11 sen each to RM5.62, RM2.13 and RM3.12 respectively.

Karambunai was the most active with 26.9 million shares done, up one sen to 12.5 sen.

MRCB added nine sen to RM2.12 on investors' expectations it would benefit from the RM36-billion KL MRT and the proposed redevelopment of the Rubber Research Institute (RRI) land in Sungei Buloh.

The major decliners were Sunrise, down 16 sen to RM2.14, PetGas 10 sen to RM10.80 and Public Bank foreign eight sen to RM12.54.


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