Friday, September 17, 2010

FBM KLCI advances at mid-day break

KUALA LUMPUR: The FBM KLCI advanced at the mid-day break on Friday, Sept 17 in line with the gains at key regional markets, although it had briefly slipped into the red in the later part of the morning.

Helping to lift the local market were the gains including at the Genting group, CIMB and Maybank and other blue chip stocks amid bargain hunting activities.

At 12.30pm, the FBM KLCI was up 1.29 points to 1,474.24. Losers edged gainers by 317 to 311, while 252 counters traded unchanged. Volume was 479.07 million shares valued at RM903.99 million.

At the regional markets, Japan's Nikkei 225 rose 1.10% to 9,614.32; Hong Kong's Hang Seng Index gained 1.04% to 21,916.14; Taiwan's Taiex rose 1.09% to 8,187.97; the South Korean Kospi Index added 0.34% to 1,818.05; Singapore's Straits Times Index up 0.38% to 3,078.80; and the Shanghai Composite Index added 0.26% to 2,609.17.

Among the major gainers at Bursa Malaysia, Genting Malaysia rose 10 sen to RM3.24, Genting was up six sen to RM10.06, CIMB added eight sen to RM8.26, Maybank up four sen to RM8.76, Petronas Gas gained 12 sen to RM10.86 while UMW rose 10 sen to RM6.70.

Amway and Bonia were up 18 sen each to RM8.18 and RM1.68, Dutch Lady rose 14 sen to RM15.24, KFCH up 11 sen to RM3.28 while United PLANTATION []s and Shell advanced 10 sen each to RM15.20 and RM10.64.

Jaya Tiasa was the top loser and fell 18 sen to RM3.50; Ibraco fell 15 sen to RM1.01, Hartalega shed 11 sen to RM4.80, while DiGi.Com, MISC and Cocoaland fell 10 sen each to RM24.70, RM8.90 and RM2.74. Other decliners included Kulim, Berjaya Media, BLD Plantations and Masterskill.

KNM was the most actively traded counter with 32.6 million shares done. The stock added 3.5 sen to 44.5 sen. Other actives included Genting Malaysia, DRB-Hicom, AirAsia, Compugates, Axiata and Iris.


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