Wednesday, September 1, 2010

FBM KLCI rises to highest level since Feb 2008

KUALA LUMPUR: Asian markets advanced on Wednesday, Sept 1 after China's official purchasing managers' index rose to 51.7 in August from 51.2 in July as the focus shifts to China's moderating economy.

Japan's Nikkei 225 was up 0.52% to 8,869.74, the South Korean Kospi Index up 0.97% to 1,759.69, Taiwan's Taiex added 0.36% to 7,643.52, the Singapore Straits Times Index gained 0.41% to 2,962.57, the Shanghai Composite Index rose 0.16% to 2,643.52 and the Hong Kong Hang Seng Index opened 0.2% higher at 20,582.62.

At 10am, the FBM KLCI rose to its highest level since Feb 14, 2008, surging 13.63 points to 1,436.12, lifted by gains including at Maybank, AMMB, Tenaga, Axiata and CIMB. Gainers edged losers by 204 to 203, while 207 counters traded unchanged. Volume was 192.76 million shares valued at RM355.93 million.

KFCH and Maybank rose 18 sen each to RM10.98 and RM8.57, AMMB was up 16 sen to RM5.82, Tenaga and Axiata up 14 sen each to RM9 and RM4.61, UMW added 13 sen to RM6.73, CIMB up seven sen to RM7.87 while Genting Malaysia gained three sen to RM3.05. APM Automotive added 15 sen to RM4.55,

Among the decliners, Swee Joo fell 16.5 sen to 19.5 sen, Nestle lost 16 sen to RM39.82, Apex fell 15 sen to 52 sen, Lay Hong down 14 sen to RM2.08 while Hai-O fell 11 sen to RM3.03.

Hong Leong Financial Group and QSR Brands fell nine sen each to RM8.60 and RM4.32, SP Setia lost eight sen to RM4.25, Lafarge Malayan Cement lost seven sen to RM7.41 and Krisassets fell six sen to RM3.12.

Among the actively traded stocks, KNM and Mithril fell four sen each to 44.5 sen and 6.5 sen; other actives included Unisem's warrants, Maybank, Timecom, Axiata, Carotech and CIMB.


No comments:

Post a Comment